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overtheedge
Member since May 2012
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What austerity?

- Martin Masse - Le Quebecois libre

"There will be sustained growth in Europe only when governments, and not citizens or businesses, finally bear the brunt of austerity."

Only when citizens, businesses and government feels the brunt. The citizens wanted it. Business went along for the ride. Government is always bloated and only by punching a gaping fiscal funding hole in it will it deflate.

First, last and always, austerity works. The problem is implementation. Remove what the animals perceive as an entitlement and they will burn the zoo to the ground.

Most everyone still wants a mommy to pick up after them and coddle them. And they want a daddy to give them an allowance disproportionally large for their meager efforts.

The problem is the masses refusing to accept personal responsibility. You can't expect children to "man-up".

But you are right. It is only austerity on the paper plan for the future. "Life is what happens when you are making plans."

Commented 3998 days ago

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Beginning of the headline :In all the discussions in Europe about the consequences of so-called "austerity," the only numbers presented as evidence that austerity measures have been implemented consist of statistics indicating that budget deficits have gone down during the past three years. Indeed, they have. The average level of deficit as a percentage of GDP in EU countries in 2012 is much lower (4%) than it was at the height of the crisis in 2009 (6.9%). For the Keynesian critics of austerity... Read More

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