study shows austerity is a historcially failed idea

evince said:
http://www.palmbeachpost.com/videos/news/study-austerity-cost-us-economy-22m-jobs/v2Qcd/
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I think that austerity is OK....within reason. The problem is that people take things too far. Take Ryan's Medicare plan. The cutoff at 55 years old? C'mon....the people from 45 on up are still working their asses off paying mortgages, their kid's college and trying to save for their retirement that is rapidly approaching.

Now Ryan wants to throw a monkey wrench into people's plans....and that's not including the losses they took in '08...up to and including their homes.

Same goes with Public Sector worker's pensions....people that have spent their entire adult lives counting on that pension getting screwed at the end of their careers with no time to prepare.

No...I have no problem with change.... it just has to be done without destroying people's lives.... and also balanced by increasing tax revenues at the other end of the spectrum.

Big business and the extremely wealthy cannot get all the breaks and demand that the little guy bear the entire burden of deficit/debt reduction.
 
You cut government when you need to.

Its idiotic to expect those cuts to FIX a down economy
 
evince said:
You cut government when you need to.

Its idiotic to expect those cuts to FIX a down economy
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Exactly, cuts affect people, more people out of work means higher unemployment, more unemployment means less spending, less spending means less need for services less need for services means layoff which mean...
 
Rana said:
Exactly, cuts affect people, more people out of work means higher unemployment, more unemployment means less spending, less spending means less need for services less need for services means layoff which mean...
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When you use the emergency spending of 2009 as a base year, THAT is idiotic. There is no reason that the government should continue spending at that level and pretending that cuts to that level are 'austerity'.

Government spending for the sake of spending is moronic. When you have the military saying 'don't spend on this $400m project, we don't need it' and Congress spending that money on that project anyway is ridiculous. Especially when the very same politicians then whine about having to cut funding for other things.

We should take government spending back to 2007 levels adjust for inflation and population growth and then move forward.

We have had five+ years of a faux Keynesian spending spree. It has accomplished little, other than paralyzing the business world as they wait to see how it is the government plans to pay for all the debt mounted over the past five years+. This doesn't even include the $85B per month the Fed is using to prop up the market by printing money and buying debt.
 
evince said:
and infrastructure building would have been the correct answer to this mess
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Correct... yet it is not what the money is being spent on. Instead the money has gone to bail out states failed fiscal policies and outlandish public pension systems.

How many years are we to wait for the Obama admin and Congress to actually spend on the infrastructure?
 
Your dweebs said we didnt need infrastructure spending even after a bridge collapsed which killed people
 
There is no austerity in the US; even the "sequester" is not austerity. Only in the perverted liberal mind does lowering projected increases constitute a "cut."
 
SmarterthanYou said:
each state has their own budget as well, provided they haven't acted like Illinois and California, as well as having their own state constitutional power to tax things.
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Yeah....exactly....they can't afford it either...So...what's worse? Your Federal taxes getting raised a little, it your state taxes going through the roof?

Fuck....let's kick it down to the local level and really see them skyrocket.
 
Steelplate said:
Yeah....exactly....they can't afford it either...So...what's worse? Your Federal taxes getting raised a little, it your state taxes going through the roof?

Fuck....let's kick it down to the local level and really see them skyrocket.
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Why do taxes have to rise? What if it is simply a matter of politicians prioritizing spending?
 
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