Tag Archives: professor krugman

News Roundup – Egypt, Paul Krugman, North Carolina

The violence in Egypt is simply breathtaking. Maybe heartbreaking is a better term.. I understand that Egyptians, for the most part, weren’t happy with the Muslim brotherhood. I’m sorry. If you indeed had a free and fair election, you need to live with the consequences. I am sitting here in North Carolina seizing over what has happened to what was the most progressive state in the South. Our answer is not to take to the streets and begin randomly shooting people. Instead, we are organizing. We’re going to get more people registered to vote. We’re going to vote these ultra conservative Republicans out of office and take back our state.

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Paul Krugman had two excellent posts yesterday. The first post had two things that were very interesting to me. First, Professor Krugman wondered if most Americans knew that the budget deficit has been rapidly decreasing. Somebody from Google got in contact with him and they quickly put out a survey. This isn’t the exact same thing as a poll, but it does give you an idea of the power of the Internet. The poll suggested that over 75% of the respondents had no idea that the federal deficit had significantly decreased. This brings me to my next point, that the budget deficit has significantly decreased compared to GDP.

In Paul Krugman’s other post, he talks a little bit about the economy in the Netherlands. The Netherlands had the kind of “Grand Bargain” that several in Washington have been arguing for for the last couple of years. Basically, cut the federal budget and cut the federal budget some more. Then, when you think you’re through, cut the federal budget once more for good measure. Well, this didn’t work out so well for the Netherlands. Their economy is in the tank. Continue reading News Roundup – Egypt, Paul Krugman, North Carolina