The Stupidity and Hypocrisy of the Austerity Movement

[GOTV]

Interesting post about the austerity movement on five thirty eight


1.) This new found love of lower government spending is politically motivated. It has nothing to do with altruism or love of country. It's about the November elections. Period.

2.) Government spending has been and always will be part of the the GDP equation

3.) Countries that tried austerity are worse off for it.

4.) Countries that inject massive amounts of the proper stimulus (such as infrastructure spending) grow at high rates.


http://www.fivethirtyeight.com/2010/07/stupidity-and-hypocrisy-of-austerity.html

[jobycom]

1. "...it would have emerged sometime after 2004-2005..."

"If the austerity movement was really about the increase in federal debt, it would have emerged sometime after 2004-2005 when the US' structural deficit issue started to emerge in the data."

[socialist_n_TN]

2. This is what I think about the "Austerity Movement"

at least as far as the United States part of it goes.

The banksters needed a $700+ billion bailout from we the people and we the people had to spend $700+ billion in stimulus to fix the banksters tanked economy. That's right at 1.5 TRILLION dollars in deficit spending for bankster screwups. Now they want us to institute "austerity" measures because we've got too big of a deficit. Hmmm. I wonder how the deficit got so big?