View Full Version : Krugman: Death Panels, VAT Will Fix Debt Crisis

11-15-2010, 12:46 PM
Krugman: Death Panels, VAT Will Fix Debt Crisis
Sunday, 14 Nov 2010 05:31 PM
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Economist and New York Times columnist Paul Krugman says the only way the U.S. will get its debt crisis under control is by the use of "death panels" and a national sales tax.

The national sales tax, referred to as value-added tax (VAT), which governments across Europe use widely, will help cut the U.S deficit, Krugman argues.

Krugman made his comments on ABC's “This Week with Christiane Amanpour” during a roundtable discussion about the economy and the recent findings of the U.S. Debt Reduction Commission.

Here's the key excerpt:

"Some years down the pike, we're going to get the real solution, which is going to be a combination of death panels and sales taxes. It's going to be that we're actually going to take Medicare under control, and we're going to have to get some additional revenue, probably from a VAT. But it's not going to happen now."

paul,krugman,death,panels,vat,social,securityThe Obama healthcare plan passed by Congress in 2010 includes government-run healthcare committees with sweeping powers, including the power to engage in competitive pricing and cost analysis, a system Britain uses that has led to rationing of medical care for the elderly.

Critics of the Obama plan, including former Alaska Gov. Sarah Palin, quickly dubbed the committees "death panels," saying government agencies would decide who would live and who would die. Supporters of the Obama health plan dismissed such suggestions as nonsense.

Krugman apparently thinks otherwise, and suggests that such death panels could be one way the federal government will be able to keep soaring medical costs under control as baby boomers enter retirement.

He continued: If the Debt Commission "were going to do reality therapy, they should have said, ‘OK, look, Medicare is going to have to decide what it's going to pay for. And at least for starters, it's going to have to decide which medical procedures are not effective at all and should not be paid for at all. In other words, it should have endorsed the panel that was part of the healthcare reform.’"

Krugman also criticized Republican plans to extend the Bush tax cuts fully, including those who make more than $250,000 a year.

He said: "The cost of permanently extending just the upper-end Bush tax cuts, as opposed to only extending the middle-class tax cuts, the 75-year cost of that is just about identical to the 75-year accounting shortfall in Social Security. So we've got people who are saying, ‘Oh, Social Security, got to do something about it, but let's extend those tax cuts for rich people. This is showing how the priorities are all skewed.’”

Apparently realizing his comments were inflammatory, Krugman took to his blog immediately Sunday afternoon to “clarify” his comments.

Newsmax (http://www.newsmax.com/Headline/krugman-death-panels-vat/2010/11/14/id/377008)

11-15-2010, 02:17 PM
B-b-b-but... When Sarah Palin said that there were death panels in Obamacare, they called her an idiot? Did they lie? I'm shocked, shocked I tell you! :rolleyes:

11-15-2010, 02:34 PM
Where are all the retractions and apologies to Sarah Palin and her family for the lies and attacks against her? Where I say, where?

Waiting on LIEberals,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, ,,

11-15-2010, 04:43 PM
Can't believe that a lib finally tells the truth. Let's see, death panels, VAT, taking our economy down with the feds monetary policy.

I'd like a retraction not only from the dems but from the many republicans who dissed Palin. She's one of the few who tells it the way it is.

I have a relative that I'm just itching to send a copy of Krugman's statements. She always said that Palin was "dumb". I think folks who think they can be self-proclaimed moderates are akin to those who fiddled while Rome burned.

Glen Beck might sound nutty sometimes, but he's been surprisingly on the mark. Wish I had listened more carefully to him and to Lacarnut and stocked up on gold. Our dollars are going to be worthless.

And I think everyone had best get any medical procedures done quickly, whether on Medicare or on private insurance. The panels won't approve. :eek:

11-15-2010, 06:52 PM
this is just so SHOCKING!