Spain, Greece and Portugal have higher unemployment than a year ago! Their unemployment rates are 26, 26 and 17.5. THESE COUNTRIES HAVE USED AUSTERITY BUDGETING TO DEAL WITH THE DOWNTURN IN THEIR ECONOMY!!! Those countries that used a stimulus (US) are much less than those who used AUSTERITY BUDGETING.
The clamping down on the US Budget (Sequester) is an AUSTERITY BUDGET MOVE AND WILL DEPRESS THE ECONOMY. When will we ever be able to look around the world and learn something from the various approaches taken? With the Republicans insisting on 60 votes to pass anything, we are forced down the AUSTERITY PATH even though THE AUSTERITY PATH DOES NOT WORK.
http://www.alternet.org/austerity-brings-unemployment-new-highs-spain-and-france-so-why-do-pols-keep-pushing-it-us?akid=10373.294211.lRLE8j&rd=1&src=newsletter831496&t=17
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