Investors Business Daily caught the Democrats’ favorite economist telling the truth about liberalism’s end game. Paul Krugman said in a speech that the national debt crisis is going to lead to higher taxes on the middle class and death panels. He wasn’t kidding, and he didn’t see anything wrong with it.
After arguing it’s no big deal in the near term, Krugman admitted that “Eventually we do have a problem. The population is getting older, health care costs are rising … . Something is going to have to give.”
“We won’t be able to pay for the kind of society we want without some increases in taxes,” he said, “and surely in the end it will require some middle-class taxes as well, maybe a value added tax.”
That’s not all. We’re also “going to have to … really make decisions about health care, (and) not pay for health care that has no demonstrated medical benefits.”
In case anyone failed to get what he was talking about, Krugman made it clear, saying the snarky version is:
“Death panels and sales taxes is how we do this.”
Well, you have to give him points for being honest. But it doesn’t have to be this way.
We just need to get control of entitlement programs such as Medicare, Medicaid and Social Security, for which Republicans have offered numerous workable cost-saving reforms. We need to kill ObamaCare, which if allowed to take effect will turbocharge federal spending.
And we need to boost economic growth by unleashing the private sector through a sustained campaign of deregulation and tax reform.
Unfortunately, the Democrats who control everything aren’t going to let any of that happen, so we can all look forward to higher taxes and death panels. Great.
Update: Linked by The First Street Journal – thanks!
Update: Linked by Free Northerner – thanks!