krugman is trying to pull the wool over american eyes. >> greg: what krugman said i want to challenge and agree with the deficits don't matter. you have said it here before. do you think you can go $17 trillion probably in debt and we could go to 20, 22 trillion, we would still be fine. let's not. have one tax for a year for america, let's see what happens. let's see if you guys are right. >> bob: i think $25 trillion is the level we can handle. >> who what do you base that on? >> bob: the one i base on that is former vice president cheney. >> where do you get $25 trillion was okay. >> bob: that is what cheney said. >> dana: that doesn't, you can't have it both ways. >> eric: our economy is $16 trillion or soe one and a half times our economy is n debt. >> bob: i am saying we could handle that. >> basically what krugman is saying it is okay. 75% of g.d.p. is fine and if you look at u.k. or japan, they are basically saying those countries are doing great. i lived there. i have family there. it's not great. you have much less disposable income, much less job growth and all the things th

tavis: our conversation with economist paul krugman in a minute. stay with us. the battle over budget cuts continues to paralyze washington while at the same time prompting some serious burble brick throwing from both sides of the ideological divide. president obama conducted a series of meetings designed to unlock the gridlock. our friend paul krugman, good to have you back on the program, professor. >> good to be on. tavis: let me start by asking whether or not you think the dow reached by the president across the aisle -- that the outreach by the present across the aisle will have impact. >> here is a fundamental divide between the parties in terms of visions of the future and it will not be changed because they made a nice small talk over dinner. it is not going to be -- if there is going to be a break it will be when the american people are so outraged by what is happening, some republicans are willing to defect from their collection. until then it is not. this is not something that can be done by having good manners. tavis: i take it the american people ha

more with paul krugman. interest rates record lows. they have nowhere lower they can go and does it means at some point they have to go up and what does it mean to paul krugman's theories then? i will ask him. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. ♪ ♪ the new blackberry z10 with blackberry hub and flick typing. built to keep you moving. see it in action at blackberry.com/z10 license and registration please. what's this? uhh, it's my geico insurance id card, sir. it's digital, uh, pretty cool right? maybe. you know why i pulled you over today? because i'm a pig driving a convertible? tail light's out.. fix it. digital insurance id cards. just a click away with the geico mobile app. ...and we inspected his brakes for free. -free is good. -free is very good. [ male announcer ] now get 50% off brake pads and shoes at meineke. >>> we are back wi

krugman is the nobel prize winning columnist for "new york times." he won it for economics, not the op-eds and also a princeton professor. thanks for doing this, paul. >> hi, there. >> so, explain, you know, first, very succinctly why you feel that right now, really a, there is almost as far as i can tell, almost no limit to what you'd be willing to do in terms of stimulating the economy. >> okay, yeah. right now is a time when not spending is extremely disruptive. the government pulls back, it's destroying jobs and there's no way to off set that. ordinarily if the government spends less than the federal reserve can offset that by cutting interest rates, we did at the end of the cold war when we cut military spending but the fed cut rates and nothing terrible happened. we can't do that now because the interest rates of the fed control are at zero. no offset and conversely up to, if we can increase spending right now, it will create jobs and expand the economy and this is a really good time to be spending. won't always be like this. this is not the no

the fact of the matter is -- >> i said paul krugman versus the world. i meant it as a compliment. i did mean it as a compliment. i sat there and thought, wow, he doesn't think we need to address that? >> i didn't say that. >> what did you say? >> we have a problem in 2025, we don't have a problem this year or next year. >> it's being called the ali/frazier of economic debates, scarborough versus krugman. good morning, i'm mark halperin, this is "way too early." thanks for being up with us on this tuesday, march 5th. it's not just tv hype when i say we have a lot of new sy news to tell you about. we have chris christie's magical sound still ahead. and some cabinet nominations by president obama will change the face of his administration. before we get to those headlines, our top story here, vice president joe biden is helping set the tone when it comes to the u.s. position on iran's nuclear program. the vice president in washington told apac yesterday that the window for tehran. >> we have a shared strategic commitment. let me make clear what that commitment is. it is to prevent ir

jack kemp said you would do it one way, paul krugman said do it another way. that's why i say i'm not so concerned about short-term deficits because the long run projections are so different. >> if you're not concerned about short run deficits -- >> if the economy grows at -- >> why are we fighting about 3%? we're having a debate about how much spending to cut right now. if you're not worried about short-run deficits you're totally out of step with everybody in your party, in fact with most of washington which is totally upset with short-term deficits. >> i think straw man has been set up by many on the the left-- i'm not accusing you of doing this-- but talking about how republicans want european style austerity. there are members that that come on the show that make me want to go into my office and bang my head against the wall because they don't want to deal with democrats. but i think there is a deal to be done. we need to grow the economy now but the big concern for most republicans i talk to is medicare, medicaid, social security to a lesser degree but t

in the grossest possible form, krugman is right.overnment spending is a way to get out of it. but our government has become so complicated and so inefficient that if you're going to do that, why not just lower people's taxes? mike was saying before that we should spend it on things that work like head start. well, guess what? head start doesn't work. there has been one serious evaluation of the head start program by the government, which runs it, which showed head start makes absolutely no difference. and we're spending $1 billion a year on it. problem is democrats just want to pass new things but they don't want to manage them. republicans just want to cut things. in the old days, republicans wanted to manage things. what you need now is a republican party and centrist, smart democrats who agree we have to start managing the government again. >> yeah, and, you know, one of the things, chuck, that is so -- makes me despondent is we have these debates and we're talking about debt and you have people that say let's throw money at the

"krugman files for bankruptcy." story links to a blog post on boston.com and reads in part, "the bankruptcy filing also sheds some fascinating light on krugman's spending habits which includes an amex bill reaching $84,000 in one month and charges for portuguese wines and a dress from a victorian period." red flags started to go up at the reading an that. they should have. extra digging leads to the story's starting point. the daily currant, a is a tierall wbls also reading headlines like pope benedict leaves office with epic latin twitter rant. paul krugman has not filed for bankruptcy. it proved a purpose, shows how easily the wing nuts fall for this stuff. "on friday i started hearing from friends about a fake story making the rounds about my allegedly filing for personal bankruptcy. i decided not to post anything about it. instead i wanted to wait and see which right wing media outlets would fall for the hoax. and breitbart.com came through." >>> next, a lesson on how to avoid being seen on the losing side of a

and new york times economist paul krugman. >> it's a remarkable document that came out yesterday. about the budget and what it said it is projecting a deficit of $845 billion this year.

. >> paul krugman diagnoses american's biggest economic challenges and builders say demand for homes up and so are costs and buildable land is scarce. why home builders aren't as confident. we have that and more starting right now. >> good evening. tyler, it's amazing how one small country in the mediterranean can create big problems for the rest of the world. >> this is a tiny bite. stock markets around the world wobbles as part of the plan to bailout cyprus. part of the plan will take money from the depositors. cyprus has an economy the size of vermont but the assets eight times more than the country's gdp. therein the financial woes come as no surprise to analysts. listen to what alan greenspan said friday. >> europe has been hanging over the american markets for quite a while. the removal of that risk, i think temporarily, i think it is only temporary, has enabled the underlying forces of the market to begin to come into vision. >> and today, the clearer vision that greenspan referred to was clouded the cyprus, we have the report by cyprus matters. >> reporter: cyprus is a smalle

nobody is talking about more stimulus the way krugman scarborough are. there are hints that republicans may want to repeat the awesome debt ceiling horrible disaster of 2011. wall street headline was boehner continues to link that debt ceiling to cuts. house speaker boehner on thursday said he would continue to insist the next debt ceiling cuts be matched by the spending cuts, raised by the prospect. there is something to look forward to. what happened to the economy when we had a high stakes showdown? we've seen this movie before. this chart is all you need to know. that red circle right there, that is the big dip in new jobs added to the economy in may, june, july and august, where the united states was seriously talking about defaulting on the debt. we basically cut our job creation in half for that period. it was unprecedented. unnecessary, completely damaging economic sabotage. and washington keeps coming up with new and unusual ways to scare the economy, to take money and confidence out of the economy, none more twisted than taking the nation's cre

there economics editor now paul krugman is the guy who believes that there should be no real supply demand economics there should be no integrity in the banking system there should only be money printing till the cows go mom and. and using the stock market as a guide a success how could this guy it gets away with such intellectually dishonest editorials to the real a nuremberg trial for so micro men perpetrating the the financial hole of cost that he is you and i got to be on different sides of this to some extent because crude is talking about the delusions that come not from the sought of this river but found down chicago and the delusional idiots found they were chicago cops secada economists to the people he actually thinks are his main enemy and they're the ones who spotting and compared to them doesn't make sense and i want you to weigh in i agree with a lot of what he argues in terms of policy at the moment when you've got the private sector sucking money out of the economy you don't know the government being a joint vampire in the process of taking cash flow out of the econo

on krugman for a fresh perspective on the world economy. let's take a look at treasury, currencies and commodities and how they did today. ♪ >>> one upcoming movie that hopes to join that same list of box office winners someday is the film based on the canceled tv series veronica mars. and the money needed to produce the movie is being raisesed in an unusual way. >> veronica mars had a cult following before the show was canceled in 2007. now die hard fans are rushing to turn the movie into a tv movie. >> what are we going to do with this old veronica mars movie? >> they're linking the power of crowd funding raising $3.6 million from over 55,000 backers, setting a new record for kick-starter, a 4-year-old platform that helps people fund creative projects. it's raised over $500 million. >> for a true fan that's a thing to be able to do. >> in less than 24 hour, thomas and bell reached their goal of $2 million demonstrating the demand warner brothers wanted to see before it would agree to make the film. they generated that demand from passiona

krugman, great to have you on the program tonight. i appreciate you coming in. >> thanks. >> thank you so much. get your cell phones out. well put our poll back after the interview tonight. tonight's question, did republicans damage the country's economic recovery today? text "a" for yes. text b for no to 67622. you can go to our blog. >>> while thousands of americans are fighting for their jobs, eric cantor sends congress where? home. more on the political fallout next. stay with us. mine was earned in djibouti, africa, 2004. the battle of bataan, 1942. [ all ] fort benning, georgia, in 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation because it offers a superior level of protection and because usaa's commitment to serve the military, veterans, and their families is without equal. begin your legacy. get an auto-insurance quote. usaa. we know what it means to serve. >>> coming up, mitt romney breaks his silence. if big panel weighs in. president obama offended "star wars" and ""star trek"

medica medicare, medicaid, ssz. . >> paul krugman, thanks for your time tonight.d in this depression now. >>> ahead, elizabeth warren calls out a big bang for its dirty laundry. >> how many billions of dollars do you have to launder for drug lords before somebody says we're shutting you down. >> and president obama is proud of the violence against women's act. and so are some of the republicans who opposed it. they're actually taking credit for it. that's next. blank bl [ male announcer ] how do you measure happiness? by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. are proven to be effective pain relievers. tylenol works by blocking pain signals to your brain. bayer advanced aspirin blocks pain at the site. try the power of bayer advanced aspirin. you ready? [ female announcer ] second kid by their second kid, every mom is an expert and more likely to choose luvs. after thousands of diaper changes, they know what

he said something that liberal nobel paul krugman said for years and they have been saying the oppositeechoed boehner on the debt saying we do not have a debt crisis. this is a very strange turn for republicans who have based all their budget cutting proposals on the idea that we do have a debt crisis. republicans in the age of obama have never wanted to mount a frontal, philosophical attack on social security and medicare because they're the two most popular things the american government provides. so instead of saying we want to cut and or eliminate social security and medicare because like rand we do not believe the government should be in the business of providing health care and or pensions and disability benefits to anyone, ever. instead, republicans have been saying we love medicare and we love social security but we simply can't afford those programs in their current form because of our debt crisis, because of our huge budget deficit, so reluctantly and bravely, we republicans propose significant cuts to medicare and social security, cuts that we republicans believe will make th

and as krugman would say, you don't want to cut government spending too drastically. but if you want to fix medical care costs, a lot of the solutions that will be created will only kick in over a ten year period. so it's not too soon. >> the aarp was complaining somebody proposed raising an age in 2050 and they said their members are going to get hurt. how many members -- which i am a member. i hope to be around in 2050 and find out. >> it's not going to happen. >> the other thing about focusing on the deficit, it does have another benefit though that is to me more important and that is to focus on what works and what doesn't rather than just willie nilly keep doing this. we could do a lot better with the money. >> rose: there's a measurement factor. >> isn't there an enormous amount of waste and corruption. there are misdirections of these funds. and the discipline of having to justify things or explaining why you need it or actually doing more with less is a very healthy discipline. there's where the government's the same as your family. >> rose: the military hardw

that of paul krugman, "new york times" columnist.his depression now" lays ought a case for more spending to get the economy going and my pleasure to have him here at the table. >> hi there. >> what do you want to hear in the state of the union on tuesday? >> what i would like to hear i'm not going to hear. i'd like to hear a full-throated endorsement of more stimulus. >> read from your book. >> mostly it's what i hope not to hear. we shouldn't be doing any of this. the whole business with the sequester, all of this is this is not the time for any of this, and the less he says about the deficit, the better. i mean, really gratified by the second inaugural because he said almost nothing about the deficit. finally broke out of that beltway obsession with the deficit, so if he talks about other things, you know, the middle class, inequality, climate and not about, well, we need to balance the budget, that's what i'm mostly hoping for. >> funny that you said beltway obsession. one of the things interesting about reading your column at one

who are leaders of the democratic party today have been pretty clear they're in the sort of paul krugman camp of this is not a problem. it's a problem that's going to be a problem in ten years and right now need to focus on spending money and keeping the economy moving and worry about the deficit later. >> that's a fair point, isn't it? they're not pretending. i'm outraged because it seems like an offense against math and science even. >> the first camp the krugman folks, the ones that think it's okay to let the debt and deficit go up. okay, then let's try to slow it down a little bit, but it's okay to have some. that would be obama, actually that's what he said this week, president obama did on the george stephanopoulos interview he did this week with abc. the other group like simpson bowls, fix the debt ceo's and house republicans say no, the debt and deficit are a problem for us, and holding back growth where jeff sessions is. is it possible the two camps, three camps can come together and have a grand bargain like the media likes to talk about. i think it's hard to imagine that will

what's the whitehouse view on that idea because krugman suggests that the level of the percentage of debt to gdp now, about 74-75 is pretty much projected ahead for the next seven to eight years and therefore the debt doesn't present that big a problem to be solved now. >> i think krugman is much more right on that question. but, it doesn't mean that we shouldn't address our long run problems. so if you look at the congressional budget office's projections, our budget picture is much brighter over the next ten years. we're close to being at a point where the debt is not growing in the size of the economy over the next ten years. but because of demographics, because of rising healthcare costs, if we don't address our problems, these issues now, it's going to be a much bigger problem further down the road. that's why the president has been focused on supporting the economy on the near term, investing on infrastructure helping the teachers and first responders on the job while we make reforms that will restrain the growth of healthcare costs. >> rose: if you looked at the u.s. economy i

we're now in a new reality. >> read her now to see what krugman will be writing about in two years. >u hear? i've got a book out. i'm borrowing a page from chuck todd. making a shameless plug, it is called, "i would die 4 u." a lot of my family was there. it wasn't just a back party twurk a sweaty throw down dance party. i want to know, who do you think is a bigger force in the music industry? prince, elton john, or justin timberlake? mark says prince, his musical energy has expand more. up next, on the heels of secretary kerry's surprise trip to iraq this weekend, a new book examines how the decision to get into that war compares to our entry into world war ii. [ male announcer ] you know that guy that paints landscapes and doberman pinschers, well he eats the liquid gold of velveeta shells and cheese. there is no limit to the human imagination. multidimensionality. liquid gold. eat like that guy you know. . >>> this afternoon, john kerry is in afghanistan for the first time as secretary of state. it comes after a surprise trip to iraq this week which included a meeting with prime mi

anyway, "new york times" columnist paul krugman wants to see the country invest in itself, too.ficit creating future generations but rather lack of investment in ways that make this country great. the lack of investment. we'll be right back. can your longwear makeup last 'til five o'clock? it will if it's new outlast stay fabulous foundation. it's a primer, concealer and foundation in one for all day flawless skin. new outlast stay fabulous from easy, breezy, beautiful covergirl. new outlast stay fabulous with an intuitive motion activated lid and seat,ad bold makes sure you'll never have to ask him again. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. >>> we should follow the example of a north miami woman named desaline victor. when desaline arrived at her polling place, she was tol

krugman would argue this is not the time to talk about deficit reduction. where did you come on that debate? >> i think there are things we could do that would not increase the deficit problems. i wrote in "the new york times" this week where i argued key areas would be tax reform, a lot of which benefit upper-income people for no good reason, the lower rates we applied to investment income. i think having tax reform would get our economy going. it would be done in a way to reduce revenues and lower rates for everyone by getting rid of these loopholes. i think it would help get the economy going, which would produce more revenues. another area is infrastructure. there would be no time in history where you would have the ability to find long-term infrastructure programs. construction costs are very low because the economy is very weak. it is fiscally irresponsible not to be issuing long-term debt to repair infrastructure, and that can be paid overtime through special taxes. there is a way to generate revenue to support infrastructure improvements in a way th

krugman wrote an article in 1990s and he said i can think of no example in human history in which when productivity goes up wages don't go up as well. i can't think of a single example and meanwhile it was happening under his nose in the united states. you didn't have to search for some anthropological obscure studies about something that happened way back then. it was happening in the united states. i don't know if he still believes that. it is of not much importance but basically workers lost bargaining power. why did they lose bargaining power? a big factor is globalization. is no globalization per se but globalization under the new liberal regime which will not support workers' rights to bargain, which will not support workers' rights to form unions, which will not support living wage laws and so what happens is if workers -- maybe you should talk a little bit about this with respect to walmart, but i will give the background. if workers say we want a union, we want a raise, businesses say okay, fine, we are moving to china. they don't actually have to move to china. all they have

anyway, "new york times" columnist paul krugman wants to see the country invest in itself, too.ays it's not the deficit creating future generations but rather lack of investment in ways that make this country great. the lack of investment. we'll be right back. [ kitt ] you know what's impressive? a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ your doctor will say get smart about your weight. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. and they have six grams of sugars. with fifteen grams of protein to help manage hunger... look who's getting smart about her weight. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger

paul krugman wrote a piece about that. saying that exact same thing. you get that newsbusters? >> ooh he's bankrupt. i knew it! >> stephanie: that was a satire headline. dummies. breitbart. what was i saying? that is. that's it. that is this whole plan. they want to destroy social security and medicare. >> you want to save it by destroying it. >> stephanie: kordell in north carolina. >> caller: hey, guys this is the screenwriter for "the stephanie miller show." i've been so very busy. i had to call in when i found out what they're thinking about doing from social security and medicare. if i get a little emotional i do apologize because you know, with without social security and medicare, i don't know if i would even be here right now. it has saved me for the last decade. >> stephanie: yeah. >> caller: i rely on it to get by, to help pay expenses, to help take care of my health and the fact that they want to make changes. >> stephanie: a lot of people are calling in that are emotional about this and they should be. we can't say it enough. it is repetiti

. >>> joe scarborough discussed america's fiscal challenges with paul krugman and charlie rose, part of their conversation focused on cutting the national debt. >> we will eventually have to deal with health care costs, deal with the costs of the programs we want. but there's no urgency and no urgency means not this year, not next year, not in the next five years or ten years. if we send the message we're willing to do the responsible things, willing to make the tough choices, willing to ask americans to sacrifice in the long run to keep the entitlement program solvent, i think that sends a strong message to the world markets. >>> and that's your morning dish of scrambled politics. >>> we turn now to the weather and bill karins joins us with details on this midwest storm. >> i'd like to fast forward to friday afternoon, when this whole storm is over with and everything begins to warm up across the country. that will be a rough three, four days. it's already starting this morning. heavy snow in and around minneapolis, working through iowa, northern illinois b to arrive in chicago. win

krugman was referring to the ideas in washington on how to restore the economy that are provable wrong, but still trotted out regularly as being the way to proceed. in san francisco we have our own central subway zombie idea. if we bore two tunnels past the last station the subway gods will look favorably on this and some day award us with an extension to northern beach and francis fisherman's wharf. a total of $80 to 90 million are needed to keep this idea alive. there may be more time and funds required in the near future. businesses adjacent to the pagoda will need to be compensated for losses and there is a strong likelihood there would be serious problems caused by water flows under the pagoda site as pointed out in the repeat geotechnical report by mr. carp. where will mta get the additional $5-10 million or more to resolve these problems? an earlier central subway plan had a reasonable idea. bury or extract the tbms at the chinatown station site. i encourage the city and mta to revert to thechinatown extraction reasonable idea and let the northern beach tunnels zombie idea final

money but they don't see the inflation of all of this but and the most high profile case being paul krugman of the york times but you have done a little bit deeper thinking on this and kind of are able to give us the full picture to explain why a little bit about front running and why this is obscured the inflation debate yes this is the most amazing thing to me to my mind in the history of science that nobody but nobody save yours truly pointed out that the idea of keynes when he proposed that it's just a matter of printing the bonds and selling them would take care of all the momentary problems you see once you introduce a big cool open market operations which is the central bank going to be open market and and by the bombs the government bonds from the banks from ordinary people from c. beings banks from pension funds and who want. this has a side effect which is to move to leave the us and this is my speculation that's the side effect because the mom spoke of the most stupid they know that the central bank is doing that so they are going to prevent this and they want to pocket money. re

paul krugman believes the debt does not need to be dealt with bel until ten years out.well as try to promote growth in the present debate conversation. >> very interesting. getting a lot of pla >>> we'll ask some of t >>> well we'll ask some of the top women in corporate america involving the controversying involving the top women in silicon valley. our week-long look at eye opening women continues on "cbs this morning." [ female announcer ] coffee-mate natural bliss. made with milk cream... a touch of sugar... and pure, natural flavors. coffee-mate natural bliss, from nestle. now try new low fat chocolate. [ male announcer ] at scott we don't spend money inventing phrases like "triple jumbo giant roll" to tell you scott 1000 has 1,000 sheets. instead, we give you deals and rewards when you join scott shared values. sign up at scottbrand.com. see... 1000. [ male announcer ] if she keeps serving up sneezes... [ sneezing ] she may be muddling through allergies. try zyrtec®. powerful allergy relief for adults and kids six years and older. zyrtec®. love the air®. ♪ ♪ mr. co

democratic national committee, debbie wasserman shultz, congresswoman of florida and george will, paul krugman of princeton and "the new york times" and white house correspondent for bloomberg, julianna goldman. welcome to all of you. let me ask you, senator, what happened there? >> well, it was a very honest, frank, pretty complete discussion of, you know, the problems we face in this nation. president obama opened it up really prioritizing the problems, certainly making the point that it's health care, it's medicare. you know, from my standpoint, the input i provided to him, if we're going to get to an agreement, this is a good first step and have to start meeting with people and developing relationships and spend a fair amount of time figuring out what we agree on first, you know, so many times we're talking about different numbers and first have to agree on the numbers, the facts. one interesting point he made, the problem with medicare, he said, is about a dollar of every -- basically americans paying a dollar, but they get more than $3 out in benefits. he said people don't understand tha