4 ms·

Becouse that is working quite nicely for Europe.

• adventured 12y ago
  Show me the countries in Europe that have substantially reduced government spending over the last six years. In fact, spending as a % of GDP has increased. http://www.cato.org/blog/where-are-european-spending-cuts http://www.cato.org/blog/where-are-european-spending-cuts There has been almost zero spending reduction in Europe. They're calling a slow-down in spending expansion, austerity, when in fact there has been no austerity.
  • tomp 12y ago
    They're spending on different things, e.g. bailing out banks, which has the net effect of less spending for investments/services/wages.
  • bildung 12y ago
    how me the countries in Europe that have substantially reduced government spending over the last six years. In fact, spending as a % of GDP has increased.> Show me the countries in Europe that have substantially reduced government spending over the last six years. >In fact, spending as a % of GDP has increased. Because e.g. in Greece, GDP shrank over 30% in the last 5 years. Have you ever looked at the things a country spends its taxes on? How should it out-save it shrinkage without destroying the very infrastructure it's economy needs to flourish? > cato.org Cato is good PR agency, but you should not take them seriously on anything economics-related. Just look who works there, I wasn't able to find a single phd in economics there, only public relations staff (people who studied politics, sociology etc, practically no one who actually did research in any field before working there).
    • gd1 12y ago
      >I wasn't able to find a single phd in economics there, Sounds like a good thing to me.