| the2real4mafol said: You question me why cutting spending don't work in an economy? Ok, i will prove it. Let's look at Greece is suffering high and very tough austerity measures. http://www.telegraph.co.uk/finance/9095554/Greek-economy-the-key-figures.html As you can see debt is way up, while the economy just shrinks and shrinks, with half a million leaving Greece in just 3 years! Also, the unemployment is at a record 1 million, which is 21%! (bare in mind, greece is home to just 11 million people) Spain is very similiar, with lots of austerity and record unemployment of 25% http://www.economy.com/dismal/outlook/country.aspx?geo=IESP The Euro zone even mirrors this, with unemployment up and industry and trade way down! http://www.economy.com/dismal/outlook/country.aspx?geo=IEUZN I spose this come to the conclusion that high taxes+cutting (austerity) = disaster. That video is sadly the truth, if the people don't get greddy, the state does. In this case France, they will learn the hard way probably. Finally, the saying goes "money is the root of all evil" and it's true! The emphasise on money caused greed and this shity economy Enlightenment is good! |
I'm not going to address your previous points, because, seriously, I can't work out what you're trying to say.
source: http://www.cato-at-liberty.org/looking-at-austerity-in-greece/
In terms of real money (that is, accounting for inflation), Government spending in Greece has gone up every year.
The same is true in most European countries, spending has actually increased (including the UK). The only "austerity" is that spending has increased at a slower rate than it should have done. That, and increased taxes. With the way that special interests are so deeply routed into the system, it's physically impossible for any real spending cuts to occur.
---
Greed is good! It's because of our desire to lead better lives, that we do, in fact, lead better lives. Seriously, if you really want to know what caused this mess, go read up on Austrian economics. I'll get you started:
http://www.youtube.com/watch?v=tDkNPNSgiaY
http://www.youtube.com/watch?v=UmYtyl8s05w&list=UUmT6-ChKpaiIVu2fhEIsNtQ&index=0&feature=plcp
---
Money is the root of all evil? ... Question: do you know what money is?
