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And austerity has been shown to be a remarkable failure for any form of economic recovery not just the first, but pretty much every time any country has tried i
by rtpg 11y ago
And austerity has been shown to be a remarkable failure for any form of economic recovery not just the first, but pretty much every time any country has tried it
Why would you try it on Greece then?
- mattmcknight 11y agoHow would you define austerity for the Greece? To have public spending at 58% of GDP?
- toyg 11y agoIf your economy collapses, partially because of global recession and partially due to corruption enabled by cheap foreign money looking for a quick buck, your GDP ratios all look worse all of a sudden.
- twobits 11y agoI'd define it as me paying 90% taxes last year, while my country is still getting worse.
- Djeman 11y agoAusterity isn't about rising taxes, as much, as about lowering government costs.