KRUGMAN: ACTUALLY, WE REALLY DO NEED DEATH PANELS, HIGHER TAXES
Nobel Prize winning â€śeconomistâ€ť Paul Krugman spoke at Sixth & I Historic Synagogue in Washington, D.C. last week. During the Q&A session following the lecture, an audience member asked him about the rising national debt.
Earlier in the evening, Krugman had already vocalized his satisfaction at President Obamaâ€™s apparent lack of concern over the exploding cumulative deficit. However, in a moment of brutal honesty, the esteemed Princeton professor revealed his long term prognosis. According to the professor,
Eventually we do have a problem. That the population is getting older, health care costs are risingâ€¦there is this question of how weâ€™re going to pay for the programs. The year 2025, the year 2030, something is going to have to giveâ€¦. â€¦.
Weâ€™re going to need more revenueâ€¦Surely it will require some sort of middle class taxes as well.. We wonâ€™t be able to pay for the kind of government the society will want without some increase in taxesâ€¦ on the middle class, maybe a value added taxâ€¦
And weâ€™re also going to have to make decisions about health care, doc pay for health care that has no demonstrated medical benefits . So the snarky versionâ€¦which I shouldnâ€™t even say because it will get me in trouble is death panels and sales taxes is how we do this.
Years of accumulating debt and expanding government programs only moves us down the â€śroad to serfdom.â€ť As Krugman surmised, the consequence is government confiscation of wealth and government control over health care. Rarely are Leftists so candid in articulating their hopes.
â€śDeath panels and sales taxesâ€ť is the mantra of those seizing power in the nation founded on the rights of â€ślife, liberty, and the pursuit of happiness.â€ť What a difference two centuries makes.
This opens Krugman up to charges of hypocrisy, since he called the "death panel" accusation a "smear" in a March 22, 2010 column and an example of the "dishonesty" of Obama-care opponents in a June 29, 2012 column. Does Krugman accept Sarah Palin's argument that Obamacare's cost containment strategy will require health-care rationing after all?