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Austerity Has Harmed The Economy According To CBO | TPMDC
As Predicted, Austerity Policies Send US Economy Downward
American Enterprise Institute: U.S. Austerity Measures Hurting Broader Economy
America is doing exactly what both theory and history say it shouldnt: slashing spending in the face of a depressed economy
Bill Clinton, at Milken conference, warns Europe on austerity - Los Angeles Times
Didn't you forget one, not good to raise taxes in a bad economy. But hey if that's what the dear leader wants, right?
Who is he raising taxes on? Most of Bush's tax cuts are still in effect. BTW, it wasn't good for Bush to cut taxes while conducting TWO wars. Had never been done in U.S. history - and we continue to pay the price.
So? A blogger with an opinion!
Another blogger on staff!
Another Krugman opinion, which btw was reguritated in HuffPo above.
May 2012
You mean the woman who was a much better Speaker than Boner?Who the hell keeps electing this maniac?
Didn't you forget one, not good to raise taxes in a bad economy. But hey if that's what the dear leader wants, right?
Who is he raising taxes on? Most of Bush's tax cuts are still in effect. BTW, it wasn't good for Bush to cut taxes while conducting TWO wars. Had never been done in U.S. history - and we continue to pay the price.
So? A blogger with an opinion!
Another blogger on staff!
HuffPo? Really??
Another Krugman opinion, which btw was reguritated in HuffPo above.
May 2012
Priceless!
"He also warned that the U.S. economy was in danger of slowing next year because of stagnant wages and Washington gridlock with fiscal policy. Further, Roubini warned that consumer spending would dive if taxes were raised and government subsidies dried up.
"The optimists today are saying the U.S. is on the cusp of self-sustaining recovery," he said. "My view of it is: The data suggests that we'll be lucky if this year we're going to grow [by] barely 2%."
Whoops! Guess he was right!
Pelosi is right. In fact, the government should be spending more until the economy is on more solid footing. Austerity has been bad and slowing progress.
Pelosi is right. In fact, the government should be spending more until the economy is on more solid footing. Austerity has been bad and slowing progress.
In fact, the government should be spending more
We are traveling on a fast track into oblivion and the Democrats attitude is let's upgrade our ticket
to first class....
editec, a reasonable person. I have asked rethugs this questions, but none ever answer.
What do you think the debt is doing to harm the American economy AT THIS POINT IN TIME?
Interest rates are dirt cheap (I borrowed mortgage money at 2.75% unbelievable) Wall Street and corporate profits are doing fine.
Food prices are going up, but that is more an indication of what last years drought. Energy is up and down, depending on what war is brewing in the ME.
Companies are sitting on piles of cash.
What is the debt doing to harm the USA Right NOW that is worse than the rising UE that will come about if the government cuts spending a great deal.
If the UE rate climbs about 9% again. what good will that do the government? UE insurance will go up, revenue's will go down. Recession will come back full swing. Where is the up side?
What will be all the good things that will happen if the government cuts spending, lets say 10% across the board?