Tue Jun 19, 2012, 05:52 PM
kentuck (70,025 posts)
Paul Krugman: 'Ireland Is Romney Economics In Practice'
If Mitt Romney is elected president, the U.S. will experience an economic disaster the likes of which have been recently seen in Ireland, according to Paul Krugman.
"Ireland is Romney economics in practice," the Nobel-Prize winning economist and New York Times columnist said on the Colbert Report on Monday. "I think Ireland is America's future if Romney is president." (h/t Politico.)
"They've laid off a large fraction of their public workforce, they've slashed spending, they've had extreme austerity programs, they haven't really raised taxes on corporations or the rich at all, they have 14 percent unemployment, 30 percent youth unemployment, zero economic growth," Krugman said.
Romney, the likely Republican nominee for president, recently suggested that the government should lay off more firemen, policemen, and teachers, according to CNN. Romney's campaign website says that if elected president, Romney would aim to slash federal spending at least 18 percent by the end of his first term.
3 replies, 889 views
Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Paul Krugman: 'Ireland Is Romney Economics In Practice' (Original post)
|Drunken Irishman||Jun 2012||#1|
Response to kentuck (Original post)
Tue Jun 19, 2012, 07:24 PM
lumberjack_jeff (26,424 posts)
2. It's a pity that being right earns one so few points in the game of life. n/t
That which can be destroyed by the truth, should be. - P. C. Hodgell
No Posting FAQ? See this thread