Austerity, for Whom?
Just exactly who’s supposed to be austere, anyhow? You and me, that’s who. All the evidence says that the super-rich and just getting richer and richer. And they’re they ones calling for austerity. Austerity means tax the poor and reward the rich.
Yet, even at this hour, leaders on both sides of the Atlantic seem determined to handcuff fiscal policies — the main tools that can increase jobs, consumer demand and economic growth — with an unquestioning devotion to rigid austerity. . . .
Excessive indebtedness is a real, long-term problem. But Europe’s broad downward trajectory can only be turned around if governments — both those of lenders and debtors — spend more in the near term to put people back to work and get consumers back to spending.
Truth and Traditions 
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