Monday, November 15, 2010

Death Panels, VAT Tax on Their Way, Nobel Prize-Winning Economist Says

Nobel Prize winning economist (and I'll add, Keynesian disciple) Paul Krugman is recommending "Death Panels" and a VAT tax as needed measures to balance the budget and pay for the government's Medicare/Obamacare obligations.

Anyone surprised? Have they considered getting the government out of the health care business?

Via NewsBusters:

CHRISTIANE AMANPOUR, HOST: But what is going to happen? I mean, are you clear on where a compromise is going to be? It's got to be discussed before the end of the year, no?

KRUGMAN: No. Some years down the pike, we're going to get the real solution, which is going to be a combination of death panels and sales taxes. It's going to be that we're actually going to take Medicare under control, and we're going to have to get some additional revenue, probably from a VAT. But it's not going to happen now.

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