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Europe's Suicide by Economic Crisis.... Hmm
Posted by: cbelt3
Date: April 17, 2012 07:56AM
Some interesting points here.

[www.nytimes.com]

"Nonetheless, the prescription coming from Berlin and Frankfurt is, you guessed it, even more fiscal austerity.

This is, not to mince words, just insane. Europe has had several years of experience with harsh austerity programs, and the results are exactly what students of history told you would happen: such programs push depressed economies even deeper into depression. And because investors look at the state of a nation’s economy when assessing its ability to repay debt, austerity programs haven’t even worked as a way to reduce borrowing costs. "
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Re: Europe's Suicide by Economic Crisis.... Hmm
Posted by: mattkime
Date: April 17, 2012 07:57AM
>>Europe has had several years of experience with harsh austerity programs, and the results are exactly what students of history told you would happen

But cbelt! I thought you identified as a conservative!





VTPKL it!
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Re: Europe's Suicide by Economic Crisis.... Hmm
Posted by: billb
Date: April 17, 2012 08:03AM
live in fear of the right wing conspiracy
it's a ruse
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Re: Europe's Suicide by Economic Crisis.... Hmm
Posted by: Spock
Date: April 17, 2012 08:21AM
Quote
cbelt3
Some interesting points here.

[www.nytimes.com]

"Nonetheless, the prescription coming from Berlin and Frankfurt is, you guessed it, even more fiscal austerity.

This is, not to mince words, just insane. Europe has had several years of experience with harsh austerity programs, and the results are exactly what students of history told you would happen: such programs push depressed economies even deeper into depression. And because investors look at the state of a nation’s economy when assessing its ability to repay debt, austerity programs haven’t even worked as a way to reduce borrowing costs. "

They need a stimulus program, don't they.

Oh, wait ...






Comedy Central: Best news channel that isn't a news channel.

Fox News: Best comedy channel that isn't a comedy channel.
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Re: Europe's Suicide by Economic Crisis.... Hmm
Posted by: cbelt3
Date: April 17, 2012 08:51AM
Quote
mattkime
But cbelt! I thought you identified as a conservative!

I also identify as having a functioning brain.
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Re: Europe's Suicide by Economic Crisis.... Hmm
Date: April 17, 2012 09:36AM
Quote
mattkime
>>Europe has had several years of experience with harsh austerity programs, and the results are exactly what students of history told you would happen

But cbelt! I thought you identified as a conservative!

There is a significant difference between a traditional fiscal conservative from the 70's and the reactionary tax protestors from the late 00's. My mom was going to send a donation to some T.E.A. group that farmed her name from the voter roles until I explained that her medicare and social security were part of the "entitlements" that they were trying to eliminate.



in tha 510.
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Re: Europe's Suicide by Economic Crisis.... Hmm
Posted by: decay
Date: April 17, 2012 09:58PM
entitlements are benefits that you don't get to enjoy.

a.k.a.: sour grapes



---
I buy records. Getting rid of some? Let me know.
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