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How would you define austerity for the Greece? To have public spending at 58% of GDP?
by mattmcknight 11y ago
How 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.