James K. Galbraith: Is there a looming crisis of debt or deficits such that sacrifices in general are necessary?

Hat tip Yves

Category: Video

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

3 Responses to “Galbraith: Why the Fiscal Cliff is a Scam”

  1. ilsm says:

    Deficit proposals which keep the military industry complex take of the economy above 2% (it is now >5%) are sneering at the 99% with that same old anti New Deal class warfare.

    The cliff is new the scam cover for anti New Deal ideology.

  2. ilsm,

    personally, I’ve been thinking that the ‘Cliff’ is a put-on to get peep to ‘pony up’ more Cache for the cabal of Real ‘Welfare Queens’..best exemplified by..


    past, nice piece JKG ~!

  3. ConscienceofaConservative says:

    It is a scam.
    Not to say , United States borrowing is not an issue, but this line in the sand is artificial and the impact to GDP minimal. The whole discussion is basically another version of whether the Democrats or the Republican vision for America wins out.