Italian PM calls for balanced budget amendment

Discussion in 'Europe' started by Quantum Windbag, Aug 13, 2011.

  1. Quantum Windbag
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    Quantum Windbag Gold Member

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    I thought a deficit was good for the economy.

    Italy's Berlusconi Readies Crisis Measures - TheStreet
     
  2. Big Fitz
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    Big Fitz User Quit *****

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    Damn you Fiscal Common Sense and Responsible Government!!!! DAMN YOUUUUUU!!!!!

    Or this works too.

     
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  3. pAr
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    pAr toutatis

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    ... "and other measures designed to boost Italy's stagnant economy."

    Other measures being notably to raise taxes which is (un)surprisingly not mentioned in your article.

    Here is another one which I believe explains the situation a little better:

    Italian Cabinet Approves Austerity Decree - Bloomberg

     
  4. Quantum Windbag
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    Quantum Windbag Gold Member

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    Raising taxes does not boost the economy.
     
  5. pAr
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    pAr toutatis

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    Because you think budget cuts do? Don't make me laugh. These measures are not meant to boost the economy but to reduce the deficit.
     

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