Epstein Secrets

ression, they probably won't blame fear, per se. Instead, they'll castigate our leaders for doing the wrong things as a result of unnecessary fear. Krugman: For the overriding fear driving economic policy has been debt hysteria, fear that unless we slash spending we'll turn into Greece any day now. Afte

mption that today's good news somehow is attached to a bad story as negative consequences could begin, not too far in the future. As Nobel Laureate Paul Krugman wrote this week in his op-ed in the New York Times - The Jobless Trap — We are creating a permanent class of unemployed Americans as a result of our

d ran an eye-popping shortfall that topped io% of the size of the economy. This year the deficit is expected to be half that -- around 5.3% of GDP, the Congressional Budget Office estimates. And by 2015, its projected to drop to 2.4%. What's more, the national debt that has accumulated from annual deficits is also projected t

llars in savings while cutting revenue, savaging domestic spending and proposing vouchers to purchase insurance instead of traditiona= Medicare. As Krugman writes, if it "were to become law, it would leave the federal government several trillion dolla=s deeper in debt than claimed, and that's just in th

nd the increasingly better jobs reports, why would we believe these GOP austerity measures would help average families? We don't because they won't. Krugman again: "The simplest way to understand [the GOP budget proposals] is surely to suppose that they are intended to do wha= they would, in fact, actual

ed Income Tax Credit] and [ACA's] premium =ax credit" - - this in addition to improved, comprehensive health care coverage. Over the next 10 years, the Congressional Budget Office projected=the ACA will actually cost $109 billion less than previously anticipated. =And last year, the LA Times reported, "Insurance premiums are l

d have been to return Mr. Monti — who was essentially imposed on Italy by its creditors — to office, this time with an actual democratic mandate. As Paul ICrugman wrote this week in the New York Times — Austerity, Italian Style — things aren't looking good as Mr. Monti's party appears likely to come in fourth

be damaging to the economy, costing in the neighborhood of a million jobs (based on a nonpartisan estimate) and threatening our economic recovery (the Congressional Budget Office estimates growth to be reduced by 0.6 percent). While the Republicans in Congress are nevertheless willing to take the pocketbooks of the American p

som spending and entitlement cuts that would, in the opinion of many economists, cause further economic damage to all but the wealthiest Americans (Paul ICrugman does a good job explaining this point). So why are the Republicans doing it? After all, a majority of voters just three-and-a- half months ago reje

be damaging to the economy, costing in the neighborhood of a million jobs (based on a nonpartisan estimate) and threatening our economic recovery (the Congressional Budget Office estimates growth to be reduced by 0.6 percent). But the Republicans in Congress are nevertheless willing to take the pocketbooks of the American pe