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Clearly, we just don't spend enough money...money we don't have.
In the recovering Great Bush Recession - you are exactly right. We need to spend more and hire more. Now's not the time to be worried about debt.
On that we can agree. However, now isn't the right time to go all austerity crazy like radical teabaggers want.
So just when would be the right time to start cutting spending?
Reasonable tax increases and reasonable spending cuts could begin immediately (I would start with defense).
Clearly, we just don't spend enough money...money we don't have.
In the recovering Great Bush Recession - you are exactly right. We need to spend more and hire more. Now's not the time to be worried about debt.
If you're a Democrat you never worry about debt...
Reasonable tax increases and reasonable spending cuts could begin immediately.
Stimulus vs. austerity: Getting it just right
The problem being no can agree on what reasonable is.
That's true, but it must be done with a scalpel - not a hatchet. There is no quick fix.
Personally, I'd like to see defense cut in half - but gradually.
Lolberals insist on following Argentina's model.Conservatives insist on following Europe's example.
Conservatives insist on following Europe's example.
Obama taxes lowest in 30 years.
Your taxes will go up if the GOP doesn't work with Obama, to save the middle class from a tax increase.Obama taxes lowest in 30 years.
Not after the 1st of January. And I'm not too sure if the total tax burden isn't higher now than in the Clinton years thanks to increases in state, property, and other taxes.
Study Finds Eurozone Austerity Is Killing Economic Growth, Increasing Debt | ThinkProgress
By Travis Waldron
Continuing efforts to cut spending and reduce deficits have driven the Eurozone into its second recession in just four years, as its economy shrank for the second consecutive quarter. Struggling countries like Spain, Greece, Portugal, and Ireland are still pursuing deficit reduction to rein in their debt, cutting spending to the bone to do so. The spending cuts have driven unemployment to record levels and threatened the continent with a recession that became official during the last quarter, Bloomberg reports:
The euro-area economy was pushed into a recession for the second time in four years as trade slowed and government spending declined.
Gross domestic product in the 17-nation currency bloc slipped 0.1 percent in the third quarter from the previous three months, when it fell 0.2 percent, the European Unions statistics office in Luxembourg said today, confirming an initial estimate published on Nov. 15.
Eurozone unemployment reached 26 percent in September. The youth unemployment rate has topped 50 percent and resulted in a lost generation for the continents young adults. Still, the pursuit of austerity continues.
Austerity Pushes Europe Into Its Second Recession In Four Years | ThinkProgress
Stimulus now. Austerity later.