Joe Scarborough: Krugman is Wrong Becasue the Rand Corporation Says He is

     He wants to impress you that the "debt crisis" in America, is serious, very, very serious. Since his Krugman obsession begun he's couched his argument in that no one except Krugman and a few other social outcasts doubt that we face a looming "debt bomb" that is set to detonate any moment now.

    Just how serious Joe has become was what he did in his latest Krugman rant: he had the Rand Corporation write his post. The title of the post is: "Paul Krugman is Wrong: But Don't Take My Word For it."

     After about 6 paragraphs of scaremongering about rising debt levels-as George Freidf argues, why don't they ever factor in government assets when discussing government debt?

     http://dollarmonopoly.blogspot.com/2011/07/george-friedman-on-national-debt.html

     -he cinches the argument by admitting that he didn't write any of it-the Rand Corporation did his homework:

      "If you believe that I am wrong and Paul Krugman is right, if you disagree that America's debt crisis is serious today, that it is draining American soft power globally, that it is devaluing the dollar, that it is undermining our influence with international trading partners, that painful adjustments in government outlays will be necessary, and that we cannot afford to wait until 2025 to worry about Medicare and other drivers of U.S. debt, then take it up with the RAND Corporation, whose senior economist wrote everything you have read here other than this concluding paragraph. The debt crisis is real and waiting another decade to fix it is not an option. Anyone who suggests it is operates well outside the mainstream of where serious economists reside."

      http://www.politico.com/blogs/joe-scarborough/2013/02/paul-krugman-is-wrong-but-dont-take-my-word-for-it-157194.html?hp=r7

      Scarborough thinks that serious economists hang out at the Rand Corporation?! This might be an example of the kind of desperation Krugman noticed the other day.

      http://krugman.blogs.nytimes.com/2013/02/16/gratifying-signs-of-desperation/

       Just how desperate is that Scarborough actually tried to hold up Alan Blinder of all people as an example of the serious economists who disagree with Krugman. As if Blinder's not as far from agreeing about the coming "debt bomb" as you are going to find.

       Maybe this is why he's stuck arguing that the whole world agrees with him and disagrees with Krugman because the Rand Corporation has done his homework. Talk about gratifying sings of desperation.