"Obama's out of control SPENDING is what's killing our economy!" / CUTS!!
-- click here for other posts with info/links on economy --
- Dave Johnson: Austeridiocy: Budget Cuts Take Money Out Of The Economy (8/12/2011)- http://goo.gl/qZqTx
- Cuts Only Shift Costs, They Don’t Cut Costs: The things government does have to be done, and cutting government doesn’t get rid of the need, it just shifts the costs. Cutting government budgets only shifts the cost away from the wealthier taxpayers who were asked to pitch in and give back to the system that enabled their wealth. It removes the “take care of and watch out for each other” concept of democracy and puts the costs on the backs of vulnerable individuals. Cutting government doesn’t remove the costs from the larger economy, and often increases the costs to the larger economy.
- Adios Austerity! E.U. Admits Right Wing Policy Of Punishing The Poor Has Failed (VIDEO) | Addicting Info (1/31/2012)
- Paul Krugman - Truthout "Changing Minds, But Not Policy" (Aug 28, 2012) http://bit.ly/OnZvth
- "Many of the British economists who called for austerity in 2010 now think the UK needs a stimulus. If only they'd admit austerity was a bad idea from day one, says Paul Krugman."
- The New Statesman magazine had a good idea this month — it went to 20 British economists who had all signed a letter in early 2010 calling for immediate austerity and asked them whether they still supported George Osborne's policies now that Britain is in a double-dip recession. Only one of those who replied said yes, while nine urged Mr. Osborne, the chancellor of the Exchequer, to reconsider his opposition to stimulus. Good on them."
- "...Mr. Laffer's extraordinary assertion [in WSJ] that Estonia and Ireland are the leading examples of failed stimulus [THEY'RE NOT: THEY"RE LEADING EXAMPLES OF FAILED AUSTERITY]: "Of the 34 Organization for Economic Cooperation and Development nations, those with the largest spending spurts from 2007 to 2009 saw the least growth in G.D.P. rates before and after the stimulus," he wrote. "The four nations — Estonia, Ireland, the Slovak Republic and Finland — with the biggest stimulus programs had the steepest declines in growth." Weren't Estonia and Ireland supposed to be heroes of austerity? How incompetent do you have to be not to get that story straight? But then, it's become clear that The Wall Street Journal and the right in general have spent so long prioritizing loyalty over competence that they don't even notice when they're using people known for being wrong as supposed experts."
- Krugman blog: Ireland the Model - NYTimes.com (Dec 2010) http://nyti.ms/hKZRaC
- Quotes from 2006: Ireland stands as a shining example of the art of the possible in long-term economic policymaking [AUSTERITY].
- Krugman - America Goes Dark - NYTimes.com ( What we're sacrificing for the top 2% - Aug '10)
- Krugman (column) - The Austerity Debacle. - NYTimes.com (1/30/2012)
- Krugman - Austerity Memories - NYTimes.com (1/28/2012) -- as MarKos writes, "Oh those funny economists who said austerity would lead to recession! Of course, they were right"
- Paul Krugman - Destructive Austerity, USA - NYTimes.com (1/29/2012)
- The Austerity Delusion: The IMF's latest forecast: Perverse austerity | The Economist (IMF finds austerity could be making European crisis worse) (1/24/2012)
- wonkronk: Poll: Americans Favor Social Security, Medicare Over Deficit Reduction (July 2011)
- Deficit Solution: Get Americans Back To Work : NPR (May 9, 2011)
- ThinkProgress » House Republican Spending Cuts Target Programs For Children And Pregnant Women (2/2011)
- Goldman Sachs: Republican Budget Cuts to Slow Economy | Politically Illustrated (2/2011)
