Art Cashin On Becky Quick's Roast Of Paul Krugman

Tyler Durden's picture

Define headline heaven? Any time you can gratuitoulsy insert the names Art Cashin, Becky Quick and Paul Krugman in the same title. Like in this case. HERE'S WHAT YOU NEED TO KNOW.

From UBS Finacial Services:

Can I Get An "Amen!" Out There – Becky Quick, who brightens up mornings at CNBC "Squawkbox" got mad enough to take on Paul Krugman in a terrific piece on Here's how it began:

It's bad enough that we can't have a serious conversation about any of our nation's problems during the election season. Now folks like Paul Krugman are trying to ensure that we can't have one after the election either.


The New York Times columnist and Nobel Prize-winning economist recently wrote a column attacking a bipartisan proposal to reduce the nation's debt problems, arguing, "We're not facing any kind of a fiscal crisis." He maintains that President Barack Obama, if reelected, should reject calls to resurrect the debt-reduction blueprint.

She goes on to cite a variety of well credential sources who flat out disagree with Krugman's contention. She then cements her argument by going through the numbers.


America took in $2.45 trillion last year and spent $3.54 trillion, leaving us with a deficit of about $1.1 trillion. A nation with as much goodwill as ours can do that from time to time, but this marks the fourth year in a row we've spent over $1 trillion more than we took in. Just in that time, we've borrowed more than $17,000 for each man, woman, and child in the country.



The interest payments on all that debt are a potential tsunami of their own. We're spending $258 billion a year on interest payments for our massive debt. That's more than we spend on the departments of Commerce, Education, Interior, Energy, State, Homeland Security, and Justice combined. And the Congressional Budget Office projects that if we don't tackle some of this debt, our interest payments will soar to $1 trillion a year just over a decade from now.


As for our entitlements, the situation is equally dire. As the law is currently written, the Social Security trust fund will run dry in 2033. If nothing changes before then, Social Security recipients will have their benefits cut by 25%. Simpson-Bowles tries to keep the program solvent by putting in modest steps to raise the retirement age gradually far into the future -- by one year in 2050 and another in 2075 -- so as not to change the social promises made to people who are nearing retirement age now. But the longer we wait to discuss the real problems in entitlement programs and enact changes like this, the more draconian the fix will need to be.


That's why Krugman's claim that there is no fiscal crisis isn't just laughable, it's downright dangerous. Krugman throws down the gauntlet when he calls Simpson-Bowles "a really bad plan." As President Clinton notes, nearly every constituency will find some part of it hard to swallow. But the beauty of the plan is that it attempts to unify the country through shared sacrifice that is also grounded in some form of fiscal reality. And there's nothing "really bad" about that.

It's a terrific piece. You should pull it up.

* * *

Tangentially, is there anyone out there who doesn't think Paul Krugman is a farce, wrapped in a joke, inside a humiliation (and all endorsed by the Nobel prize winning committee which with every passing year proves it has the darkest, most demonic sense of humor in the history of the world)?

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fuu's picture

"Art Cashin On Becky Quick"


alstry's picture

Tragedy Of The Commons Or Common Tragedy?

7 Billion People...Limited Resources...Unsustainable Waste....Bankrupt Economies....One Planet.....Zero Hedge

Welcome to the Udder World....where we all milk off each other now.

redpill's picture

Hush, this thread is about Becky's udders, don't spoil the party.

Richard Chesler's picture

 is there anyone out there who doesn't think Paul Krugman is a farce, wrapped in a joke, inside a humiliation (and all endorsed by the Nobel prize winning committee which with every passing year proves it has the darkest, most demonic sense of humor in the history of the world)?




Nothing To See Here's picture

The Nobel committee got it all wrong. Actually, the EU should have received the prize in economics, with Greece as its representative, while Krugman should have received the peace prize for his "war means growth" keynesian theories and his alien invasion plan.

francis_sawyer's picture

Becky's not that well endowed in the udder dept...

francis_sawyer's picture

Oh... my bad [again]... I guess she's Morgana the kissing bandit & Jane Russell put together... I guess my fact checking is its customary sub par standard...[rolls eyes]...

GetZeeGold's picture



Who the hell is Paul Krugman?

monad's picture

Enthusiasm and creativity more than makes up for socially programmed visual cues. Give me a merry woman with dancer's legs and diver's lungs and I'm set. 

Matt's picture

Just to clarify, it isn't the actual Nobel committe that hands out the real Nobel prizes in actual science. 

"Prize Committee similar to the Nobel Committees is used" -

knukles's picture

Economics is NOT a Science

Fishthatlived's picture

I'd tag it......but I think she gets up too early for me.

The Gooch's picture

I think you're stuck in a tape-loop, lactose.

fuu's picture

So sly, so sly the rat.

Fredo Corleone's picture

Ah, "Becky" -- the jig is up. Once the operative term "Simpson-Bowles" appeared in the body of text, the heretofore invisible ( yet suspected ) hand of the ghost writer made itself visible.

Where is to be found the hallowed ground which is home to this sprite of a scribe ? An analyst desk in Omaha, perhaps ?

redpill's picture

Becky is Uncle Warren's fluffer in between his episodes of screwing the little guy.

ebworthen's picture

And notice that Becky said nothing about the FED and the rest of Government bailing out the banks and by proxy old crony capitalist codgers like her sweetie Warren Buffet.

Something about hearing "shared sacrifice" in the face of bailed out corporations, banks, and insurers who lie, gamble, manipulate rates, and steal people's money - makes me feel increasingly disabled and unable to work.

azzhatter's picture

Hey Art, Becky's spoken for. Warren is the jealous type

Stock Tips Investment's picture

It seems that something happens in the world. Less logical ideas begin to be accepted by most of the population. Today in Europe, all shout "more spending". Here in the U.S., many people seem to be convinced that what Krugman says makes sense (?). Economic values ??that made this nation grnde appear to be an accident in our evolution. If this situation is not handled by responsible people, we attend a tremendous crisis.

Liquid Courage's picture

If Art's an "old dog" ... that makes Becky a "new trick", no?

Well, close enough.

Tommy Gunner's picture

Picture this:

Art and Becky doing blow after work... and Art smashes back a few shots of JD... pops a Viagra... and starts to grind rythmically against Becky's big fat ass...

Becky reaches around and says 'oh daddy you I love older men with big red noses"

Ya baby I know what you want. Art bend becky over behind the set and rams it home. Becky howls in delight!!!

Then Joe Kiernan who is of course bi lifts his head from Karl's bone and looks towards Becky and he says

Hey Becky did you hear that Ben Bernanke (another old bastard) just stitched on a huge donkey cock that he got from a Donkey just outside of Kandahar.

Is that so Joe? As Art rogers here quickly... his entire head now beet red from exertion - he'll either blow a gasket and have a Mark Haines like collapse - unless he blows his nut first.

And Joe says yep, I gave him suck last week.

Wow. Can you pass along his tel - i love old bastards with donkey cacks.

The End

Dr Paul Krugman's picture

Brightens up mornings lol.

joemayo's picture

" farce, wrapped in a joke, inside a humiliation"  Address the charges, sir!!!!! LOL

NotApplicable's picture

Pretty easy to invalidate the humiliation aspect, given that narcissists don't have the 'weakness' of humility.

If his face is ever red, it's likely because he's dressed in drag, and just got carried away with the rouge.

slackrabbit's picture

Either Krugman is mad (99.8%) chance or he a closet gold bug (0.2%) and telling the idiots what they want to hear.

You decide!


A L I E N's picture

So you're saying there's a chance!

Dr Paul Krugman's picture

Gold is a fear trade considering there has been no inflation to ramp up the price. 

I am sure one of my mutual funds owns ABX, but no, I haven't buried any behind my house.

DUNTHAT's picture

you mean reported inflation.

real inflation quite a bit larger.  all those shrinking packages while maintaining prices!

MsCreant's picture

I guess your package shrinks when you ain't got no balls. Ask Krug.

MsCreant's picture

Oh I just love effigies. Too bad I can't hang you for Halloween. Truly horrific you would be.

"there has been no inflation..."

Besides your ego?

Thisson's picture

Gold is not an inflation hedge, you idiot.  Gold is an interest rate hedge and a tangible asset.

Overfed's picture

Whaddya' mean, no inflation? I'd sure like to know where you shop for groceries, building materials and buy fuel. I can tell ya' that shit's doubled in the last two years or so. My electric bill has tripled in the last 10 years, too, so I call bullshit with a capital "B" on any and all claims of 'no inflation'.

Nihilarian's picture

Berta's Fundamental Law of Economics. "The only thing more dangerous than an amateur economist is a professional economist."

slaughterer's picture

Why insult Krugman?  He is Romney's choice as next Fed Chair.  

Carl Spackler's picture

That is a funny one.

Romney is not a Keynesian.  Clearly, you didn't hear what he had to say when debating the intellectual weakling known as Obama (who just admitted on Leno that he was lost after 7th Grade Math - no wonder the economy and fiscal situations are such a mess) .


Bastiat's picture

Math and pot does not mix, period.

Chuck Walla's picture

Math and pot does not mix, period.

Ha, little you know! If Pookie has 2 lids and wanna give his Boo 3 spliffs. So, we divide the OZ by, Fuckin' Choom, now where was I.... 1 OZ divide by the Fast & Furious, subtract the square root of Choom, what was I sayin?  Dorito run!!!!


FORWARD SOV something...

becky quick and her beautiful mouth's picture

somebody had to do it.

sunnyside's picture

You're talking about bathing with Warren right?

slackrabbit's picture

Yea, but she's only touching his Munger!

earleflorida's picture

Becky, your my heroine,... besides being the greatest


slaughterer's picture


AMZN +4%

AAPL -2.5%

Makes perfect sense:

AMZN lost money

AAPL made money.  

adr's picture

Like I said. Bezos is probably in charge of finding children to sacrifice at the Bohemian grove. He gets a pass.

A hard audit into Amazon would probably find it to be one of the largest money laundering operations in history.

The company can't make a dime, yet continues to trade at an ever increasing P/E even though everyone has to know the only growth in earnings is the negative number. 

The analysts claim the stock is riding the wave of the Kindle Fire HD. Really?

Zero Govt's picture

Becky nails it on the debt situation

Krugman has lost it ....academic qualies and Nobels clearly count for nothing but signage, "Warning Nutter Here"

NotApplicable's picture

I'd like to think that being taken down by the likes of Becky would be a career ender for Krugboy, but sadly, it will likely strengthen his resolve to go full-retard (Sophism 101).

After all, the NYT has been fully discredited for years and years, yet they are still considered the "paper of record."

slackrabbit's picture

correction: "the toilet paper of record"