Investors Business Daily caught the Democrats’ favorite economist telling the truth about liberalism’s end game. Paul Krugman said in a speech that the national debt crisis is going to lead to higher taxes on the middle class and death panels. He wasn’t kidding, and he didn’t see anything wrong with it.
After arguing it’s no big deal in the near term, Krugman admitted that “Eventually we do have a problem. The population is getting older, health care costs are rising … . Something is going to have to give.”
…
“We won’t be able to pay for the kind of society we want without some increases in taxes,” he said, “and surely in the end it will require some middle-class taxes as well, maybe a value added tax.”
That’s not all. We’re also “going to have to … really make decisions about health care, (and) not pay for health care that has no demonstrated medical benefits.”
In case anyone failed to get what he was talking about, Krugman made it clear, saying the snarky version is:
“Death panels and sales taxes is how we do this.”
Well, you have to give him points for being honest. But it doesn’t have to be this way.
We just need to get control of entitlement programs such as Medicare, Medicaid and Social Security, for which Republicans have offered numerous workable cost-saving reforms. We need to kill ObamaCare, which if allowed to take effect will turbocharge federal spending.
And we need to boost economic growth by unleashing the private sector through a sustained campaign of deregulation and tax reform.
Unfortunately, the Democrats who control everything aren’t going to let any of that happen, so we can all look forward to higher taxes and death panels. Great.
Update: Linked by The First Street Journal – thanks!
Update: Linked by Free Northerner – thanks!
he wants to turn America into England ( or Brussels )
Like or Dislike:
1
I bet Paul would relish a seat on the IPAB. Just think of all of the qualifiers and disqualifiers this commie could cook up.
Like or Dislike:
1
[...] Karen, the Lonely Conservative, noted that the left’s favorite Nobel Prize wining economist, Paul Krugman, has stated that higher taxes on everybody and the well-mocked “death panels” will have to be apart of our future. Sarah Palin told you so! From The Washington Post: [...]
Like or Dislike:
0
[...] than that, because every time he wins, we the American people lose. Paul Krugman, of all people, spelled out for us what will happen if they fail to solve the debt and spending crisis – higher taxes and death panels. [...]
Like or Dislike:
0
[...] Update: This ought to be a hoot – apparently he’s going to play up the economic benefits of his progressive policies. I’m sure he won’t mention the inevitable middle class tax hikes and death panels. [...]
Like or Dislike:
1
[...] panels? What death panels? Related: Obamacare [...]
Like or Dislike:
0
[...] paid for. It’s the lie of the century. We all know how it will be paid for – through higher middle class taxes and death panels. Statism, or collectivism, or progressivism,or whatever you want to call it, always leads to misery [...]
Like or Dislike:
0