What Part of ‘Austerity Isn’t Working’ Don’t People Get?
http://www.rollingstone.com/politics/blogs/national-affairs/what-part-of-austerity-isnt-working-dont-people-get-20120617
This ties back well with my post on “Why the rich don’t care about a robust economy“, the people most clamoring for austerity are the people least likely to be affected by it. It would be amusing if it weren’t so pivotal to the health of our country, but this is why I get so upset about the direction our country is going (down in to the toilet, faster and faster we go). It is OK for the rich to get borrowed money that the middle class taxpayer has to repay, but damned if the oligarchy will stand idly by and let the middle class taxpayer benefit from borrowed money he has to pay back!
It is so simple and crystal clear to me: spend money like water during bad economic times (even looted money gets spent!), then pay it all back during the good times. Why is that so damn hard to understand?
It’s hard to understand for me. Going deeply into debt when you have no money, while promising to pay it back if things ever get better, doesn’t work for individuals. I fail to understand why it should work for a government. I particularly fail to understand it when the government is run by the people that failed at the rest of life, and at even being teachers (who aren’t required to know ANYTHING).
I responded to your comment in a post:
http://sol-biotech.com/wordpress/2012/06/21/counter-cyclic-programming/