Monday, January 31, 2011

Paul Krugman's "THE GOP'S OWN PRIVATE EUROPE

The Republican's make it so easy, sometimes, to smash their logic.  Case in point, Rep. Paul Ryan's official Republican response to President Obama's State of the Union address.  Ryan:  "Just take a look at what's happening to Greece, Ireland, the United Kingdom and other nations in Europe.  They didn't act soon enough, and now their governments have been forced to impose painful austerity measures:  large benefits cuts to seniors and huge tax increases on everybody." 

The trouble is, in the case of Ireland and the UK, what happened actually refutes the current Republican narrative.

Krugman:  "Again, American conservatives have long used the myth of a failing Europe to argue against progressive policies in America.  More recently, they have tried to appropriate Europe's debt problems on behalf of their own agenda, never mind the fact that the events in Europe actually point the other way.  But Ryan is widely portrayed as the intellectual leader within the GOP, with special experties on matters of debt and deficits.  So the revelation that he literally doesn't know the first thing about the debt crises currently in progess is, as I said, interesting - and not in a good way." 

Read the full editorial here.

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