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This report is so horribly biased. The "austerity" in question is a decline in spending as a proportion of GDP since 2009, NOT actual cuts. That's normal when r
by DuskStar 8y ago
This report is so horribly biased. The "austerity" in question is a decline in spending as a proportion of GDP since 2009, NOT actual cuts. That's normal when recovering from a recession!
- Nimitz14 8y agoWhen you're in recession you're supposed to stimulate growth by increasing spending. So no, you're wrong, it's the opposite of normal.
- DuskStar 8y agoAnd what do you do when coming out of a recession? Reduce spending or hold steady in absolute terms... Like what the British budget has done since the spending peak in the middle of the recession.
- RobertoG 8y agoA recession means that not enough money is spent in the economy. In that situation, a government should increase the spending, not use the situation as an excuse for cutting the public sector because ideological reasons. Or do you think that the intention is to restore those services when the economy goes better?
- DuskStar 8y agoWe're ten years from the start of the last recession. Should spending still be high to stimulate the economy, or are they perhaps not in a recession anymore? This isn't a case of a government reducing spending in response to an economic downturn. It's a government INCREASING spending due to that downturn, and then not further increasing it when the economy recovers.