- The Progressive Pulse - http://pulse.ncpolicywatch.org -

More evidence that austerity isn’t the answer

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?