Posted on 09/06/2014 4:20:58 AM PDT by Olog-hai
The debate over Germany’s insistence on eurozone austerity has flared anew as an ailing France continues to demand economic stimulus. The European Central Bank may now be siding with Paris, leaving Merkel looking increasingly alone. […]
Berlin is particularly alarmed by the stance taken by ECB head Mario Draghi. At the annual conference of top central bankers from around the world at Jackson Hole, Wyoming in August, Draghi surprised those present by saying “there is leeway to achieve a more growth-friendly composition of fiscal policies.” It was a comment that came close to the kind of debt-fueled growth stimulus measures being demanded by Hollande. …
(Excerpt) Read more at spiegel.de ...
If people don’t warn austerity, the best thing to do is just cut off welfare payments all together.that will free up government spending for more important issues. Deporting illegals would also help.
That doesn’t mean Keynesian money printing is the answer either.
Well, the social market economy will never allow that to happen. They’re all about expanding the welfare state.
Again, EU/German “austerity” is not what we would call economic restoration in the USA. What kind of conservative could embrace raising taxes (including pressuring countries with low corporate tax rates to raise them in order to “harmonize” with the more powerful neighboring countries that have higher corporate tax rates); be strong-armed into taking “bailout” loans whose terms include giving up sovereignty to the EU’s central government especially in fiscal matters; and actually increasing regulation that strangles private entrepreneurship and gives more government oversight or outright operation of business and industry? The only thing that the welfare state will do in the face of that is expand, not contract.
It certainly is not, especially with a fiat currency.
But take note of the choices the EU is offering. They are not looking beyond socialism.
And its what the Uniparty of D’s and R’s will give this country as they have already indicated with things like military pension cuts and new taxes called airline fees in recent bipartisan budgeting.
The United States is on its way to the mess the European countries are in.
The European Central Bank may now be siding with Paris, leaving Merkel looking increasingly alone. […]
...
I suppose what German citizens think is irrelevant.
Yeah, who needs balanced budgets anyway? Obama has shown them the way to the future!
Rand Paul On Shutdown: "Even Though It Appeared I Was Participating In It, It Was A Dumb Idea"I said throughout the whole battle that shutting down the government was a dumb idea. Even though it did appear as if I was participating in it, I said it was a dumb idea. And the reason I voted for it, though, is that it's a conundrum. Here's the conundrum. We have a $17 trillion debt and people at home tell me you can't give the president a blank check. We just can't keep raising the debt ceiling without conditions. So unconditionally raising the debt ceiling, nobody at home wants me to vote for that and I can't vote for that. But the conundrum is if I don't we do approach these deadlines. So there is an impasse. In 2011, though, we had this impasse and the president did negotiate. We got the sequester. If we were to extend the sequester from discretionary spending to all the entitlements we would actually fix our problem within a few years.[Posted on 11/19/2013 12:16:51 PM by Third Person]
[The United States is on its way to the mess the European countries are in.]
An accurate but unfortunate truth and it saddens me that America is controlled by the idiots, liars and thieves of DC.
In all cases here, yes.
As with all things liberal, he who controls the meanings of the words gets to control the outcome of the discussion.
In the context of liberalism (er, now “progressivism”) and Keynesian economic theory, just what is “austerity” in government economic policy?
Answer: it is reducing the rate at which government overspends its income. In the Keynesian world view this is a disaster. Utopia is only obtained by government wildly overspending its income and creating money out of thin air to pay for it. The less that government spends, and the more the economy remains in private hands, the slower society can approach the long-awaited Secular Utopia. (you know, the one that the National Socialists and the Soviets also were working to bring.)
It the states of Neoeuropa, new york and all to the north and east, were purged, America could right its self
Just to pick a nit...
Jackson Hole is the name of the valley. Jackson is the name of the town.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.