Sunday, February 17, 2013

How to fix the budget! The US doing the opposite! - new study - AUSTERITY IS BAD, BAD, BAD

Those many countries who have gone the Austerity Route have made NO PROGRESS on moving their economies forward.  THE REPUBLICANS ARE INSISTING ON AUSTERITY which is the opposite of what should be done according to the most trusted Economic Guru's.  Going the Austerity Route after HAVING CUT A TRILLION from our budget already could put us into a recession.  We know with the forced cuts, we will lose 650,000 to a Milllion Jobs instantly.  That is just going to drag our economy down, like in the European countries that have unemployment up to 25%.

We are waking up from the long night of our delusion. We do not need to follow the prevailing economic orthodoxies, which have consistently failed and are not corroborated by empirical data.

http://www.alternet.org/economy/how-congress-could-fix-its-budget-woes-permanently?akid=10071.294211.I8l444&rd=1&src=newsletter796030&t=17

No comments: