Once again austerity fails

why are you refusing to deal with the fact that austerity has NOT worked for Italy?
 
Austerity - Wikipedia, the free encyclopedia


economics, austerity refers to a policy of deficit-cutting by lowering spending often via a reduction in the amount of benefits and public services provided.[1] Austerity policies are often used by governments to try to reduce their deficit spending[2] and are sometimes coupled with increases in taxes to demonstrate long-term fiscal solvency to creditors.[3]


stop fucking lying
 
Austerity - Wikipedia, the free encyclopedia


economics, austerity refers to a policy of deficit-cutting by lowering spending often via a reduction in the amount of benefits and public services provided.[1] Austerity policies are often used by governments to try to reduce their deficit spending[2] and are sometimes coupled with increases in taxes to demonstrate long-term fiscal solvency to creditors.[3]


stop fucking lying

You don't know what that statement means though. It means the government has no more money and can't borrow any more so it must look internally to solve its financial problems.
 
Austerity - Wikipedia, the free encyclopedia


economics, austerity refers to a policy of deficit-cutting by lowering spending often via a reduction in the amount of benefits and public services provided.[1] Austerity policies are often used by governments to try to reduce their deficit spending[2] and are sometimes coupled with increases in taxes to demonstrate long-term fiscal solvency to creditors.[3]


stop fucking lying

You don't know what that statement means though. It means the government has no more money and can't borrow any more so it must look internally to solve its financial problems.

stop insulting ME and start discussing the facts for once
 
Austerity has FAILED in Italy.

they are tanking.

why do you want this country to use failed ideas?
 
Delivering the facts to you fools is a good thing even if your brains cant fit them in because of all the lies you store there
 
Austerity - Wikipedia, the free encyclopedia


economics, austerity refers to a policy of deficit-cutting by lowering spending often via a reduction in the amount of benefits and public services provided.[1] Austerity policies are often used by governments to try to reduce their deficit spending[2] and are sometimes coupled with increases in taxes to demonstrate long-term fiscal solvency to creditors.[3]


stop fucking lying

You don't know what that statement means though. It means the government has no more money and can't borrow any more so it must look internally to solve its financial problems.

stop insulting ME and start discussing the facts for once

He did. The government is out of money or the ability to borrow more. So, what is the alternative to reduced spending and tax increases, in the case of Italy?

There is no alternative, or be sure governments would use it. The fact is, politicians love to spend, so if the there was a way around cuts, they would do that instead. There is no alternative.

What is the alternative?
 
Italy is tanking.

the austerity they are using is NOT helping them recover.


why do you want to see failure here too?
 
why do you back failed ideas in the very face of their failure?
 
Austerity hasn't failed in Italy. Austerity is necessary in Italy because Italy has no choice in the matter. Their economy contracted. Which means that the country is not producing.

Think of it like this. You have an income of $5,000 a month. Your expenses are $7,000 a month. For years you have made up the difference by using credit cards. Now the credit cards are maxed out and no one will give you a new credit card based on your income and expenses. You are personally forced into taking austerity measures. Maybe you stop shopping at Nordstroms, or look in the sale bin of expired food at the grocery store. You ask your boss for a raise, but even with a raise you can't make up that $2,000 a month shortfall. Your economy has contracted. You cannot spend $7,000 a month any more.

This country might be forced into austerity measures if it cannot stop spending the way it is. Our economy is static at 1.5, if it falls further, it will begin contracting, just like Greece, Spain and Italy.
 
Austerity in Italy is tanking the economy.

they can not pay anything off if their economy tanks
 
Italy is tanking.

the austerity they are using is NOT helping them recover.


why do you want to see failure here too?

Then they have to stop spending even more. Or, they have to start producing something to sell in world commerce. If the people of Italy, like the people of Greece and Spain sit home and claim they have retired at 45, the economy will contract further and they will have to stop spending even more.

Andrea Merkle said it best "The Greeks cannot expect that Germans will continue to pay them to do nothing. They will have to go to work."
 
when you buy a car that cost you alot of money you dont then not change the oil or get tune ups because it cost you money.

guess what happens when you try to save that way?
 
They will pay nothing off with a dead economy.


Stimulus works and every sane economist knows that
 

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