Showing posts with label austerity. Show all posts
Showing posts with label austerity. Show all posts
John Stossel: Shutdown Theater
This is where you come in. Government wants you to play a role in the "shutdown" of the federal government. Your role is to panic. Republicans and Democrats both assume that shutting some government is a terrible thing. The press concurs. "Shutdown threatens fragile economy," warns Politico. "Federal workers turn to prayer," ... MOREJohn Stossel: Austerity Myths
Honesty is the first step. Europe's struggles prove that "austerity" fails! So say the Big Spenders. With a condescending sigh, they explain that Europe made deep cuts in government spending, and the result was today's high unemployment. "With erstwhile middle-class workers reduced to picking through garbage in search of food, austerity has ... MORERandall Hoven: In Search Of The Dreaded Austerity
In 2011, all government in the US spent 41.4% of GDP. To paraphrase Indigo Montoya of Princess Bride: You keep using that word, "austerity." I do not think it means what you think it means. Defining austerity. My 1976 Webster's Unabridged Dictionary includes this definition of austerity: "lack of luxuries: enforced or extreme economy." ... MORE
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