Showing posts with label austerity. Show all posts
Showing posts with label austerity. Show all posts

Sunday, January 6, 2013

Even the IMF says austerity doesn't work



Television talking heads and Republican legislators have been screaming about the federal deficit since Obama took office in 2009. They keep telling us that the way out of the recession is to reduce taxes and cut spending also known as austerity.

Until this week we’d been operating for a decade under the lowest taxes in over half a century and that didn’t seem to generate jobs before or after the crash of the financial system. A couple of days ago the International Monetary Fund released a report that shows austerity doesn’t work either; in fact austerity actually makes things worse. That hasn’t stopped the conservative media from continuing to tout austerity in the U.S. as the solution to our problems.

What this nation really needs is not austerity or lower taxes it’s a full employment policy. We need to emphasize putting every able person to work in meaningful jobs so that they’re able to meet their responsibilities to feed and clothe their families and our society gets the benefit of the services and products they provide.

Saturday, June 2, 2012

Desperate people do desperate things


While the TEA Party continues to play into the hands of Wall Street bankers and billionaires with delusions of grandeur the U.S. economy is once again swirling around the drain. If House Speaker John Boehner is successful in his oft stated goal of making President Obama a one term president we can all look forward to further austerity measures which will put the economy into a tailspin the likes of which haven’t been seen since Herbert Hoover was President.

Many Americans were in desperate shape even prior to the Great Depression and once it struck their ranks only grew. Our parents and grandparents often went hungry sometimes for days on end. What is usually glossed over in history classes in this country is that there was quite a bit of civil unrest in this country in the early part of the 20th century with labor strikes and government troops used by the corporate bosses to break those strikes often using deadly violence.

We’ve already seen pre-cursors to such heavy handed tactics in places like New York and the University of California at Davis where police pepper sprayed peaceful protestors who were sitting on the ground. What the Koch brothers and the Walton family seem to have forgotten is that in this age of improvised explosive devices when people have nothing left to lose they are willing to take measures that they would never have risked with just a little food on their tables and a roof over their heads.