Salon: The austerity death trap
Basically, he says we need more deficit spending. Big surprise!
XNN
"They sell us the president the same way they sell us our clothes and our cars. They sell us every thing from youth to religion the same time they sell us our wars. I want to know who the men in the shadows are. I want to hear somebody asking them why. They can be counted on to tell us who our enemies are but theyre never the ones to fight or to die." - Jackson Browne Lives In The Balance
He just shows how stupid he is. They already beat that horse to death. Dead horses don't run.
Insanity should be defined as trusting the government to solve a problem they caused in the first place. Please do not go insane!
Whenever I read articles like that, I'm reminded of something I first found almost a decade ago:Originally Posted by XNavyNuke
http://mises.org/daily/1226
It isn't entirely untrue. The Greek austerity plan, as it was originally written and has been carried out, projected to INCREASE debt as a percentage of GDP because of the effect that cuts in spending had on slowing the economy.
I think what would be needed to get out of the mess is drastic cuts as Paul has proposed, coupled with modest debt monetization over a decent amount of time. Ron is write when he repeats his mantra: debt is the problem. Our economy won't start growing quickly until it is liquidated or paid down.
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