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.
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. […]
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I suppose what German citizens think is irrelevant.
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.)
Just to pick a nit...
Jackson Hole is the name of the valley. Jackson is the name of the town.