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NYT’s Paul Krugman Pisses And Moans: Debt Deal An “Abject Surrender” By Obama…

I can almost hear Krugman gnashing his teeth from here.

The President Surrenders — Paul Krugman, NYT

. . .And then there are the reported terms of the deal, which amount to an abject surrender on the part of the president. First, there will be big spending cuts, with no increase in revenue. Then a panel will make recommendations for further deficit reduction — and if these recommendations aren’t accepted, there will be more spending cuts.

Republicans will supposedly have an incentive to make concessions the next time around, because defense spending will be among the areas cut. But the G.O.P. has just demonstrated its willingness to risk financial collapse unless it gets everything its most extreme members want. Why expect it to be more reasonable in the next round?

In fact, Republicans will surely be emboldened by the way Mr. Obama keeps folding in the face of their threats. He surrendered last December, extending all the Bush tax cuts; he surrendered in the spring when they threatened to shut down the government; and he has now surrendered on a grand scale to raw extortion over the debt ceiling. Maybe it’s just me, but I see a pattern here.

Posted by ZIP on Monday, August 1, 2011, at 9:41 am | Like Tweet

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26 comments
  1. gastorgrab says:
    August 1, 2011 at 9:45 am

    “No man for debt shall go to jail
    From Garryowen in glory.”

  2. Fishy Commentator says:
    August 1, 2011 at 9:48 am

    They will renig.

  3. Sickofislam says:
    August 1, 2011 at 9:52 am

    Then don’t pass it! bwaaaaaaaaaaaa haaa haaa haaa.

    Lock and load folks!

    Has anyone mentioned not sending out WELFARE and DISABILITY checks yet??? Just wait…the rhetoric is about to be accelerated and when that happens the real shit will hit the fan!

  4. Ren Hoek says:
    August 1, 2011 at 9:53 am

    Boo freakin’ hoo, Krugman, you snivelling sack of putrid smegma. Barry Hussein surrendered to Islam, to commies and dictators, all of which he himself, is. He surrendered to all of our enemies while kicking our allies in the balls. Gee, see a pattern here?

  5. Sickofislam says:
    August 1, 2011 at 9:55 am

    BTW Krugman, what the hell do you know about budget or reporting on them for that matter?? You, and the rest of the media couldn’t find the truth about Hussein with both hands and a roadmap when it mattered most!

  6. Jimco says:
    August 1, 2011 at 10:02 am

    Krugman and his ilk insist on the entitlement culture. It their side wins, the next step will be that the economy goes underground. That’s what happened in Greece. People have to start doing business off the books or fail.

  7. Sickofislam says:
    August 1, 2011 at 10:02 am

    Sorry…I stand corrected. You have a Nobel Peace Prize too…just like Hussein!

    bwaaaa haaaa haaa haaa haaaaaaa….what a joke! :)

  8. Wooooooooo!!!!! says:
    August 1, 2011 at 10:09 am

    Looks like Krugman will have to get a real job now.

  9. Credit Man says:
    August 1, 2011 at 10:09 am

    Paul Krugman noted Nobel Economist.

    Are you smarter than a fifth grader?

    First question: If we spend more than we take in, are we broke?

  10. Uncle Charlie says:
    August 1, 2011 at 10:12 am

    Krud was on leftist roundtable show with the old Brit chick Sunday. I thought his eyes were going to pop out of his head, and head was going to spin off.
    Find the tape it was great!

  11. Binturong says:
    August 1, 2011 at 10:14 am

    I saw this guy on TV over the weekend……I could taste the vomit in my mouth after 60 seconds.

    About the only line I heard was something along the lines of ‘….when you look at this from a sane point of view, which has to be a Liberal point of view….’

    If it were up to him there would be no private sector.

    WHAT A TOOL!!

  12. Jethro says:
    August 1, 2011 at 10:15 am

    For the last few years I’ve lived my life by the folowing principle: If Krugman is fer it, I’m agin’ it, an vice versa. Things have been working out quite well ever since.

  13. Sickofislam says:
    August 1, 2011 at 10:17 am

    Funny headline stuff over on Fox News: “Wallstreet Opens Higher on Deficit Reduction Agreement.”

    Only problem is the markets are down!

  14. Fukitol says:
    August 1, 2011 at 10:18 am

    Time to make lemonade. I have seen several pieces today, critical of Obama and they are coming from the left.

    It seems, no one is happy with the community organizer and if it lasts, this may be good news for America.

  15. Sickofislam says:
    August 1, 2011 at 10:20 am

    Yet another Fox headline:

    URGENT: Optimism Drives Market Rally, But Deficit Deal Still Not Sealed

    Are you kidding? All markets were down!

  16. MADgirl91 says:
    August 1, 2011 at 10:24 am

    Mr Krugman, please gather up all your lefties and endorse your paychecks and all your assets to the Treasury. Only then will you be credible.

  17. sf says:
    August 1, 2011 at 10:24 am

    Part of the PR campaign to get voters to pressure their reps into voting FOR this abomination is for left/libs like Krug to wail loudly that the deal is a Republican victory.

    It’s not. It surrenders a HUGE pro-GOP election issue by not forcing a second round of debt-ceiling-extension talks in the months just before November 2012.

    Second, all the alleged cuts are somewhere in the future, yet to be determined in detail. They’re unlikely to happen for exactly the same reason that they haven’t happened before now: Pols hate to cut spending, because giving huge chunks of taxpayer cash (and borrowed money) to favored groups is how they win re-election.

  18. Rob says:
    August 1, 2011 at 10:35 am

    “…I can almost hear Krugman gnashing his teeth from here….”
    ################################

    @Zip…

    Yeah…

    I can only hope that he would throw himself in front of a subway in disgust

  19. StrangernFiction says:
    August 1, 2011 at 10:53 am

    Then don’t pass it!

    The wailing and gnashing of teeth by the Left is all theater. How ever many votes they need to pass this “Satan sandwich,” they will get.

  20. C Mac says:
    August 1, 2011 at 11:15 am

    fn pissant, shut up, grow a pair, invest in a razor and go get a real job! oh, and stick that Nobel Prize up your ass!

  21. Fred Beloit says:
    August 1, 2011 at 11:19 am

    Krugorandum says: “But the G.O.P. has just demonstrated its willingness to risk financial collapse unless it gets everything its most extreme members want.”

    This could more accurately be said about the Debtocrats and Obamacare.

  22. andycanuck says:
    August 1, 2011 at 11:31 am

    The shared sacrifice of Krugman’s “house”:
    http://tinyurl.com/3bo62pu

  23. gastorgrab says:
    August 1, 2011 at 11:31 am

    Things are so bad that Van Jones is threatening to start a Kool Aid party.

    Is he vowing to rebuild the ‘People’s Temple’?

    ———–

    Former Obama Adviser Brews A Different Tea Party

    http://www.npr.org/2011/07/31/138867706/former-obama-adviser-brews-a-different-tea-party?ft=1&f=1001

  24. a human says:
    August 1, 2011 at 11:31 am

    What a foul orifice our media is to single out Obama when they have all abdicated their responsibility by punting. It’s high time the debt clock was reversed rather than temporarily slowed. No surprise though, people I know are just like our officials. They give no thought of how they will pay their obligations and yet they keep running up more.

    Oh Lord God Almighty please prevent these folk from putting an end to those of us who are dependent on them.

  25. mojo says:
    August 1, 2011 at 12:13 pm

    Big K is on the ledge?

    JUMP! JUMP! JUMP!…

  26. Nothing up my sleeve says:
    August 1, 2011 at 12:42 pm

    Has this jerk ever actually run a business? I mean different from trying to sell all that bullshit that he spews. I know he advised Enron and we all know how well that turned out.

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