The rights historically failed ideas proven failure

Discussion in 'Politics' started by Truthmatters, Sep 14, 2011.

  1. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    IMF: Austerity boosts unemployment, lowers paychecks - The Washington Post


    These past few years, the Republican line on job creation has been simple: Cut government spending, tame the deficit, and unemployment will fall. Maybe not tomorrow, maybe not the day after, but soon. “To put it simply,” House Majority Leader Eric Cantor (R- Va.) said last spring, “less government spending means more private-sector jobs.” But that’s not exactly a rigorous study. So here’s a rigorous study.


    In a new paper for the International Monetary Fund, Laurence Ball, Daniel Leigh and Prakash Loungani look at 173 episodes of fiscal austerity over the past 30 years—with the average deficit cut amounting to 1 percent of GDP. Their verdict? Austerity “lowers incomes in the short term, with wage-earners taking more of a hit than others; it also raises unemployment, particularly long-term unemployment.”

    More specifically, an austerity program that curbs the deficit by 1 percent of GDP reduces real incomes by about 0.6 percent and raises unemployment by almost 0.5 percentage points. What’s more, the IMF notes, the losses are twice as big when the central bank can’t cut rates (a good description of the present.) Typically, income and employment don’t fully recover even five years after the austerity program is put in place.
     
    Last edited: Sep 14, 2011
  2. syrenn
    Offline

    syrenn BANNED

    Joined:
    May 10, 2010
    Messages:
    47,839
    Thanks Received:
    10,387
    Trophy Points:
    0
    Ratings:
    +10,404
    Ill just start ya off right


    [​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG]
     
  3. Soggy in NOLA
    Offline

    Soggy in NOLA Platinum Member

    Joined:
    Jul 31, 2009
    Messages:
    32,850
    Thanks Received:
    4,324
    Trophy Points:
    1,130
    Ratings:
    +11,568
    Are you drinking again?
     
  4. syrenn
    Offline

    syrenn BANNED

    Joined:
    May 10, 2010
    Messages:
    47,839
    Thanks Received:
    10,387
    Trophy Points:
    0
    Ratings:
    +10,404


    Who ya talking to....me...or liesmatter?
     
  5. driveby
    Offline

    driveby Gold Member

    Joined:
    Sep 6, 2008
    Messages:
    8,836
    Thanks Received:
    2,305
    Trophy Points:
    183
    Ratings:
    +2,325

    Your 32,000 + posts are all historical examples of failure.....
     
  6. Moonglow
    Offline

    Moonglow Diamond Member

    Joined:
    Jun 27, 2011
    Messages:
    81,958
    Thanks Received:
    8,034
    Trophy Points:
    2,070
    Location:
    sw mizzouri
    Ratings:
    +29,598
    economic failure allows the rich to buy up the American dream
     
  7. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    173 episodes of fiscal austerity over the past 30 years


    Now you claim your ideas work based on WHAT evidence?
     
  8. syrenn
    Offline

    syrenn BANNED

    Joined:
    May 10, 2010
    Messages:
    47,839
    Thanks Received:
    10,387
    Trophy Points:
    0
    Ratings:
    +10,404

    [​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG][​IMG]
     
  9. WillowTree
    Offline

    WillowTree Diamond Member

    Joined:
    Sep 15, 2008
    Messages:
    68,169
    Thanks Received:
    10,168
    Trophy Points:
    2,030
    Ratings:
    +14,733
    [ame=http://www.youtube.com/watch?v=mdMr9q1IucM]WYNONNA JUDD - I WANT TO KNOW WHAT LOVE IS - YouTube[/ame]
     
  10. ClosedCaption
    Offline

    ClosedCaption Diamond Member

    Joined:
    Sep 15, 2010
    Messages:
    47,752
    Thanks Received:
    6,005
    Trophy Points:
    1,830
    Ratings:
    +17,272
    apparently, none
     

Share This Page