Popular Conservative Austerity argument Debunked?

[Tigerlure]

dsgrue3 said:

Pemalite said:

Kasz216 said:

I'd point out that the UK's GDP growth predictions... even lowered actually aren't that far off the US.

EVERYWHERE regardless of strategy seems to be stuck at ~1-2% GDP growth.

Even if you think the debt spending is making the difference... why kill yourself for 2%, building up a future huge disaster?  When you could have 1% and have a safer future?

Espiecally if nearly all that 1% is a boost soley due to government spending!

I wouldn't say *everywhere* Australia avoided recession during the global economic collapse and has maintained growth through the whole ordeal.

Sure?

Certainly looks like it dipped into a recession at a couple points.

Furthermore, any growth <2% is considered poor, let alone <1% which is anemic.

Not quite. The actual definition of recession is 2 consecutive periods of negative growth. That being said, their growth rate is still poor.