Real Economist Paul Krugman Calls Republican Budget A Trillion Dollar Con Job

A scam is a fraudulent business scheme, or a swindle, and a deliberate ploy to defraud ignorant, naïve, and stupid people out of their money or assets.  There are many reasons idiots fall for obviously dubious “deals,” and stupidity aside, greed is often the culprit. But fear of losing something certainly plays a role. Republicans have had a thirty year run convincing stupid poor people looking to get rich, and morons terrified of other Americans taking their “stuff,” that giving up everything they have to the wealthy will magically transform a dirt-poor imbecile into a billionaire, save Americans’ liberty in the process, and teach the government who’s boss.

Republicans only know one approach to economic policy; the abject failure and scam known as trickle down with a healthy dose of Draconian austerity. Those features epitomize the most recent budget proposal Nobel prize-winning economist Paul Krugman officially and accurately labeled as a “trillion dollar con job.” The only purpose of the GOP’s con-job, as Krugman and conscious Americans are aware of, is to “make the rich richer and ordinary families poorer” and increase the deficit by trillions of dollars.

The GOP House and Senate budgets are typically “deficit hawk” con jobs because they duly blow up the nation’s deficit to the tune of “several trillion dollars in just the first decade” according to Krugman. It is the 2001-2008 Bush Republican economic agenda on steroids and a neo-con machination to economically rape the masses out of everything they have, transfer it to the rich, and break the federal government once and for all.

Now, the reason Paul Krugman’s assessment of the Republican budget proposal is prescient is not just because he is a Nobel-winning economist, although that is important, but because he is not a politician. He also is not a devotee of the conservative method of scoring economic proposals known as ‘dynamic scoring.’ Dynamic scoring is a conservative trick of ‘assessing‘ a budget on the basis of what they say it will magically do; not according to mathematics and reality. Of course, Republicans understand their budget is a con job; the created it that way. They also know Americans are inherently stupid and have fallen for the same scam for thirty-plus years and will give up everything to preserve liberty, eviscerate the government, and magically become millionaires.

Krugman noted that there are two specific “trillion-dollar magic” asterisks in the latest House and Senate Republican budgets; one on spending, and one on revenue that the real economist says is “actually an understatement.” What is missing in each proposal are specific and revenue enhancements Republicans claim produce “mysterious savings and untold new revenue.” The lack of any specifics was well-planned and a deliberate ploy because Republicans knew in advance if anything was clearly explained, even the stupidest American would not support their diabolical scam; particularly a scam devised last year by neo-conservative groups like the Senate Conservative Fund and Heritage Foundation. The intent of both conservative groups was “to make the rich richer and ordinary people much poorer” and decimate the government as a value-added bonus.

Since Republicans took control of the House in 2011, each and every one of the Heritage Foundation budgets Ayn Rand acolyte Paul Ryan submitted were advertised as “courageous efforts to eliminate deficits and pay down debt.” Naturally, the one-time bipartisan Congressional Budget Office and anyone with a brain understood Ryan’s budgets included “trillions of dollars in imaginary, unexplained savings and new sources of revenue.” It is why when the Koch brothers bought the Senate, Republicans immediately installed a trickle down devotee as the new head of the CBO to produce the same “dynamic scoring” projections Kansas Governor Brownback utilized to send the state into debt and deficit Hell. It is no surprise then that the House and Senate budgets dutifully follow the Kansas, Wisconsin, and Louisiana economic models of crushing deficits, tax cuts for the rich, and dire cuts to healthcare, education, transportation, and social programs.

All the while, the rich and corporations received tax cuts that no Republican is ever going to rescind no matter the damage to their state or its residents any more than a Republican Congress will ever raise taxes on the richest one-percent. It is important to remember that even as Kansas economy began drowning in debt and hemorrhaging revenue due to Brownback’s trickle down madness, Senator Mitch McConnell told Brownback Republicans would do “the exact same thing in Washington” as soon as they gained control of Congress. It is likely the one time in McConnell’s career he was not lying and Republicans in the House and Senate followed through on his word.

What both the House and Senate budgets do is produce “huge transfers of income” from the poor and working class through “severe benefit cuts” to the rich who will get huge tax cuts. As Krugman says in his column, both the House and Senate budgets “are deliberately intended to do what they would, in fact, actually do; make the rich richer and ordinary people much poorer;” crushing deficits according to Republicans “just don’t matter” if the wealthy take everything.

None of these Republican cuts are typical even for inhumane conservatives; they are “beyond horrendous.” In fact, they are so drastic that even an economist aware of the Republicans’ typical economic deceit noted the “modern G.O.P.’s raw fiscal dishonesty is something new in American politics.” By now, most people are aware of incredibly drastic cuts to food stamps, Medicaid, education, and infrastructure. But there is also an immediate end to the Affordable Care Act health insurance subsidies Republicans devised to double the number of Americans without healthcare insurance.

There are many more unbelievable cuts Republicans concealed from the public under the guise of ‘unspecified savings‘ such as drastic  cuts in Social Security and Medicare, and completely abolishing the Affordable Care Act. Another mystery of ‘unspecified savings‘ in the GOP budgets is how abolishing Dodd-Frank financial reform produces deficit reduction and new revenue, but dynamic scoring says it does…magically.

Krugman noted that “It’s very important to realize that this isn’t normal political behavior. The George W. Bush administration was no slouch when it came to deceptive presentation of tax plans, but it was never this blatant. And the Obama administration has been remarkably scrupulous in its fiscal pronouncements.” Republicans have never been scrupulous about anything so it is inherently necessary to assume anything they say is a blatant lie and when it involves economic policy, it is a con job. It is also why the Obama Administration’s fiscal pronouncements have delivered as advertised; they are based on facts and not magic or scams.

It is a pity that many, many Americans are either disinterested or too lazy to examine what Republicans intend to impose on them. Obviously, the results of the midterm elections mean that when  Republicans campaigned that budget deficits were destroying freedom, religion, and preventing America from being a population of billionaires, even though deficits are falling, the idiots believed the scam.

Krugman did not pull any punches and said of the Republican con job budget; “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.” Krugman should tell it like it really is; Republicans are just dirty filthy liars and most Americans are too stupid to see it even as they lose everything they have. If the media did its job, it would not be left to just a Bernie Sanders, Elizabeth Warren, or Paul Krugman to inform Americans and that is precisely why Republicans continue conning the American people.

16 Replies to “Real Economist Paul Krugman Calls Republican Budget A Trillion Dollar Con Job”

  1. “pay down debt”?? If the GOP ever had ANY intention i paying off the debt, they would not have squandered the surplus left by Clinton, they would have paid the debt!

  2. They have to push the Koch agenda, thats where the money is for them. They need to ensure their future political success. No matter the price to Americans.

  3. You’d think after watching Europe slide into one of its worst recessions, by following the republican’s trickle down austerity plan,
    They’d be open to a real plan.. But alas it requires individual thinking to bring about a policy that would work..
    We all know how well that works for them..

  4. The war hawks want more money for the military. More money than even the president or the senate. has asked for. The deficit hawks say they want to balance the budget. Will this lead to more republican in fighting? Probably not. But someone will be screwed. Who wants to venture a guess on who that might be?

  5. It’s not just the “party of stupid’ falling for the same olé ,same ‘olé. The get out the Klan vote is an intrinsic part of this self immolation. Math proves 67% of food stamps goes to “white kids” but ,ask any tea/GOP voter if cutting food stamps is good ,he’ll say yes. Because of waste ,fraud ,abuse ,welfare queens …blah, blah, blah…
    So ,here we go , “useful idiots” shooting themselves in the foot . Along with the “Roberts Five” continuing to make legal “voter suppression”(racism is a thing of the past).
    The Kochs got all angles covered, just keep repeating talking points regardless of fact. They have the bully platform(FOX) so no matter how crazy or wrong it gets thrown on a loop and by the end of the week ,it’s fact(worked for Joseph Goebbels)
    Too much has been spent to ever allow a fair election again.

  6. I’d be surprise if they are aware of Europe at all – not just what happened with the economy in Europe. They hate France, but they’re not at all sure what it is.

  7. It’s not that they are unaware. They just don’t care. Looking out for America and Americans is the last thing on their minds. Their top priority is looking out for their Koch benefactors. Their cash cow for their campaigns. The fact that we have millions of morons willing to vote for these criminals against their own best interests is what is baffling. Look what Brownback is doing to Kansas and yet they were stupid enough to reelect him. It’s very scary how ignorant a lot of people are.

  8. It could also be that because they know they’ll lose the Senate in 2016 they’ve got to get this into play now that they have control of both houses. The Dems have got to blast this farce and call them out on it everyday. Get on those Sunday shows and not allow them to push this nonsense without having to give specifics. Take the gloves off and call them the liars they are.

  9. The only problem is that the Sunday shows only seem to want to talk to John McCain, Lindsey Graham, Ted Cruz and other right wing nut jobs.

  10. The “debt explosion has resulted not from big spending by the Democrats, but instead the Republican Party’s embrace, about three decades ago, of the insidious doctrine that deficits don’t matter if they result from tax cuts.”
    David Stockman

  11. I am seriously hoping and praying that the Democrats will remember, and use to great advantage, the fact that Republicans continue to protect their rich friends and corporate donors in favor of increasing taxes, fees, fines, tolls, and more, on every poor and middle class person in America. I truly hope that the 99% rise up and oust these bastards across the board in 2016.

  12. This shit would be funny if it wasn’t so sad.

    Boehner at a loss, weighs letting caucus duke it out over which budget sucks less

    When you have no idea whether you can marshal the votes to pass anything at all. So Boehner and his top lieutenants are weighing a strategy to let House Republicans vote on two crappy budget bills—with the winner becoming the party’s master plan. Or something like that. Here’s Jake Sherman on the scheme:

    Under the plan, House Budget Chairman Tom Price’s (R-Ga.) budget would get a vote, as would a nearly identical spending plan that includes more money for defense. The one that nets a higher vote total would become the House Republican plan.
    Republicans have struggled to craft a budget that would get the support of staunch fiscal conservatives and defense hawks. This strategy is seen as a way to bridge the gap between the two factions.

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