Yep, Paul Krugman, that worthy of the NY Times, is at it again. In “The Con at the Core of the GOP’s Strategy,” Dr. Krugman suggests Republican posturing on the federal debt and deficit is a con game. Perhaps so, but it’s not the only con game in town, nor even the best. Consider the following gem:
“We are proposing to let those rates [for the rich] go back to Clinton levels. Remember, that was a time of remarkably good economic growth, in this country – very strong private investment, strong job growth, strong broad-based growth in incomes. It was a good time for the American economy. It makes a lot of sense.”
-Treasury Secretary Tim Geithner, Fox News Sunday, 12/2/12
Naturally, Chris Wallace didn’t follow up with the obvious riposte: If higher tax rates generate such economic bounty, why not return to the Clinton tax hike rates for all?