Friday, January 23, 2009

Nobel Prize Winner's Recession Solution

Nobel Prize-winning economist Paul Krugman said the government could borrow up to $5 trillion -- if needed -- to speed up a recovery from the recession. A stimulus plan of that size is probably not needed, but Krugman said he believes the $775 billion proposal from President-elect Barack Obama isn't big enough. (Snip)

''Government spending is the only surefire way to create employment.''
[blatant lie (but hey, it's Kludgeman).

OR we can slash business taxes. The difference? Kludgy's way runs up your national debt to pay for temporary jobs, Milton's way creates legitimate/permanant jobs, financed by investors, and which bring money into the treasury.

And BTW: Nobels are political prizes, not meritorious: Gore, peace prize, for mis-forecasting the weather...]


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