I'm not sure why people are looking to countries that are implementing austerity plans and expecting them to be somehow miraculously better off in the short term? They are obviously not well off, which is why they are cutting spending.
The question is whether they will be better off int he long run, by cutting spending, rather than continuing spending money they don't have in order to attempt to grow their economy during economic hard times.
Sure, we can just push the debt down the road and pretend everything is ok, until we can't and implode. The point of cutting spending is to come down to a place where you won't hit that implosion.
This is Your Country. This is Your Country on Austerity.
Re: This is Your Country. This is Your Country on Austerity
by J.K. Gregg » Fri Jan 25, 2013 4:00 pm
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You're wrong until proven correct.
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Re: This is Your Country. This is Your Country on Austerity
by WizardfromOz » Fri Jan 25, 2013 4:01 pm
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Re: This is Your Country. This is Your Country on Austerity
by J.K. Gregg » Fri Jan 25, 2013 4:04 pm
Objectivist, IT professional, news junkie, geek, and husband. Formally known by Tetracide. I do the twitter @jk_gregg.
You're wrong until proven correct.
You're wrong until proven correct.
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Re: This is Your Country. This is Your Country on Austerity
by J.K. Gregg » Fri Jan 25, 2013 4:05 pm
Objectivist, IT professional, news junkie, geek, and husband. Formally known by Tetracide. I do the twitter @jk_gregg.
You're wrong until proven correct.
You're wrong until proven correct.
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Re: This is Your Country. This is Your Country on Austerity
by WizardfromOz » Fri Jan 25, 2013 4:12 pm
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Re: This is Your Country. This is Your Country on Austerity
by Indy » Fri Jan 25, 2013 4:31 pm
Call me kooky but isn't the drill that you spend your way out of the hole, and AFTER you're back on your feet then you can tackle things like the debt?
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