Isn't austerity inevitable, irrespective of the current situation? | TigerDroppings.com

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Roaad
LSU Fan
Bushrod Owns
Member since Aug 2006
52632 posts

Isn't austerity inevitable, irrespective of the current situation?



We amp up spending, refusing to cut, but the only way we can pay for it is to remove more capital from the economy.

Seems like this is just the tip of the iceberg.







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TigerFanatic99
LSU Fan
Granger, IN
Member since Jan 2007
3418 posts

re: Isn't austerity inevitable, irrespective of the current situation?


I think it is, but not within the next 5-10 years. everyone said this about 2012, but the election in 2016 will decide the fate of this country.





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RCDfan1950
LSU Fan
United States
Member since Feb 2007
11086 posts

re: Isn't austerity inevitable, irrespective of the current situation?


People can and will forever argue re God, morality, ideology and whether or not man casues global warming. They can choose to believe whatever fits their nature.

But they can not ALTER the truth of numbers. Listening to Varney on Fox...just now said that "Ben will keep on printing". They will do WHATEVER they have to in order not to be the one blamed when the numbers come home to roost, and the whole thing goes down.

Up goes the Dow.






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Zach
LSU Fan
Member since May 2005
65184 posts

re: Isn't austerity inevitable, irrespective of the current situation?


Paul Krugman says austerity is the wrong way to go. We should double our deficit spending to spur growth and create jobs.





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chadau79
Auburn Fan
Member since Sep 2009
2620 posts

re: Isn't austerity inevitable, irrespective of the current situation?


quote:


Paul Krugman says austerity is the wrong way to go. We should double our deficit spending to spur growth and create jobs.


Hell we have already done more than that. We doubled 80 years of national debt in the last 5.






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davesdawgs
Georgia Fan
Georgia - Class of '75
Member since Oct 2008
17766 posts

re: Isn't austerity inevitable, irrespective of the current situation?


Yep, a good example is people counting on these unfunded pensions will be screwed. The qualifying age for SS will likely be extended and the benefits will be cut or at least get no inflation adjustment. I don't think there is any doubt that future generations are and will see a decline in standard of living.





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