Tuesday, March 29, 2011

Stiglitz, Krugman, Delong, many others won't sign

Part of the how our plutocratic government appears to be a responsible democracy is through endless "seriousness" about the federal budget deficit.

This has been decried by many great and leading economists, Paul Krugman, Brad DeLong, Dean Baker, and many others.  DeLong has often called the politicians Bowles and Simpson "budget arsonists" for their previous recklessness in voting for spending programs (like Medicare Part D, which could not negotiate drug prices) or tax cuts.  But now they are "serious" about the deficit.  As in seriously insane, and serious only about one thing: more plutocracy.

Now Joe Stiglitz has written editorial describing why he didn't sign on to Erkin Bowles flim flam, the main purpose of which appears to be whitewashing the deficit creating politicians.

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