Austerity making economy worse

Discussion in 'Politics' started by Truthmatters, Aug 25, 2011.

  1. Truthmatters
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    Austerity is making the economy worse - MarketWatch First Take - MarketWatch



    The stimulus — including tax cuts, grants to state and local governments, increased spending on infrastructure, a reinforced safety net and the automatic budget stabilizers — boosted the economy significantly in 2009 and 2010, but the impact of the stimulus and the automatic stabilizers is now waning. The recent agreement to end the debt-ceiling impasse will put a cap on federal discretionary spending for the next 10 years and it calls for even more deficit reduction from the so-called Super Congress. And, under current law, the Bush-Obama tax cuts will be expiring at the end of 2012.
     
    Last edited: Aug 25, 2011
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    keep ignoring the facts
     
  3. LordBrownTrout
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    LordBrownTrout Gold Member

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    :lol::lol::lol::lol:
     
  4. whitehall
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    whitehall Gold Member

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    We haven't tried austerity at a national level yet but it certainly seems to be working in Wisconsin.
     
  5. Truthmatters
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    You dont know what austerity is then
     
  6. Lonestar_logic
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    Lonestar_logic Republic of Texas

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    Ignoring the facts?

    Hey stupid we've been telling you idiot liberals for a long time now that our economy, especially under Obama, is getting worse!
     
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  7. Lonestar_logic
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    Lonestar_logic Republic of Texas

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    Definition of AUSTERITY
    1: the quality or state of being austere
    2a : an austere act, manner, or attitude b : an ascetic practice
    3: enforced or extreme economy
     
  8. Bern80
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    Bern80 Gold Member

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    Usually I trust the CBO's objectivity so someone is going to have to help me understand how the alternative, government spending more, which will either have to come from higher taxes or adding more to the debt is going to put us in a better situation.
     
  9. dilloduck
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    dilloduck Diamond Member

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    TM believes in the magic money tree that you can pick from at will and never pay it back.

    ( and that's a fact, Jack )
     
  10. LordBrownTrout
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    LordBrownTrout Gold Member

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    I believe the magic money tree appears in her herb garden....."release the herb" thread.
     

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