Trillion Dollar Fraudsters


The New York Times gives the piece by Paul Krugman the headline Trillion Dollar Fraudsters.

The Daily Kos article that refers to this piece headlines it Paul Krugman is a Must-Read Today (Again).

My comment on The Daily Kos has the title Krugman Finally Wakes Up.

Bill Black, New Economic Perspectives, Naked Capitalism, and others have been shouting about this for years.  Bernie Sanders and Elizabeth Warren are but two of the politicians who recognized this problem years ago.

When Krugman denounces the Clintons for their part in this, then I might believe he is sincere.

There is not much wrong with Krugman’s article, and he does slip in the following:

Does this mean that all those politicians declaiming about the evils of budget deficits and their determination to end the scourge of debt were never sincere? Yes, it does.

A fact that I have been trying to point out on this blog for a long time.  In fact I have posted about this several times in the past few days.

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