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More evidence that austerity isn’t the answer

Posted By Rob Schofield On October 22, 2012 @ 10:44 am In Uncategorized | Comments Disabled

Bloomberg.com reports this morning [1] that austerity policies appear to be quickly guiding Greece toward a “1930′s style depression.”  Of course, the United Kingdom is already learning about the impact of failed Hoover-style economics.

Now, when will the American political right (and much of the so-called middle) wake up to the hard truth that slashing public spending is the last thing  we need to do in the U.S. and a surefire way to stop the progress made over the past three-plus years?

 


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URL to article: http://pulse.ncpolicywatch.org/2012/10/22/more-evidence-that-austerity-isnt-the-answer/

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[1] Bloomberg.com reports this morning: http://www.bloomberg.com/news/2012-10-22/greece-austerity-diet-risks-1930s-style-depression-euro-credit.html

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