Wednesday, August 08, 2012

Could we get rid of austerity already?

I mean, it seems pretty obvious to me that reducing public spending just when the public most needs it will be counterproductive, but, as Atrios always says, the Very Important People see the world differently. Well, here's how it's working out: England is watching its recession lengthen, joining its austerity pals Ireland and Spain, and now Italy joins the disaster, with ripples that even Germany can no longer ignore. Wake up, before it's too late! This is the time to spend, because if nobody does, we're all going to be out of work!!

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