Firemen march in front of a banner reading 'Markets cause crisis' during a demonstration to protest the government austerity cuts in Madrid...I don't understand what's so austere about raising government pension retirement ages from 48 to 60. I don't understand what's so austere about making government employees chip in 5% more for their medical expenses. I don't understand what's so austere about rolling back government budgets to 2008 levels.
The United States will have to adopt austerity measures similar to the ones taken in Europe, because the problems faced are largely the same...
But the drive to austerity has drawn criticism from European labor unions and some economists...
Tens of thousands of people are demonstrating outside Parliament to protest the Danish government's three-year austerity package...
It doesn't matter that I don't understand. The only thing that is important is we cannot pay for it anymore.
4 comments:
We didn't pay in the past, either. That's how come we have so much municipal/state/fed debt.
Government debts are taxes pushed away( at greater cost ) onto the backs of your kids, or their kids. Think of it as inter-generational financial rape. Of course Liberals whom usually benefit from present taxes, either through welfare,or working servicing welfare 'clients', working at NPR( imagine we are borrowing money from the Chinese, to subsidize National Prozac Radio )....anyways, yupper income liberals don't have many children, so what do they care.
Paul has it right....now what changes in Nov. is my question...more taxes, more debt, and more hate speech is all the Dems have to offer, but it may get them elected. Just don't know if the voters are convinced that the spending has to be stopped.
Lots more municipal bankruptcies and high rates of inflation will help lower future debt burdens dramatically.
Both are more politically palatable than raising taxes directly.
In December of this year my BIL will retire at the age of 49 from the CA Dept of Corrections with a CCPOA retirement of 90k / year plus lifetime medical. The following day he will return to work as a "retired annuitant" at full salarym making a combined 180k / year having never attended a single day of college.
His work duties include "field visits" to various facilities which provide him excuse to come home at noon almost every day under plausible cover.
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