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Wed Dec 4, 2013, 06:32 PM

The Facts Are in: Austerity Politics Doesn't Work

From England's double-dip recession to Portugal's spiking unemployment, there is now conclusive evidence of the complete failure of austerity.

The idea that rational thinking should govern political decision making in America dates back to our very founding. “Facts are stubborn things,” John Adams said, “and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”

Oh, John Adams, where are you when we need you? Facts have been buried in a political era in which partisan ideology overrides reason. And while the Republican Party has embraced fact-free governance as its personal brand, Democrats are not entirely innocent either.

Take the case of “austerity politics.” Persistent, despite the facts. There is now conclusive evidence, both practical and theoretical, of the complete failure of austerity politics.

First was the United Kingdom, the practical test case for austerity. In 2010, faced with a recession similar to those gripping most other industrialized nations, Britain’s conservative government instituted a series of austerity measures to dramatically cut spending and taxes. Parts of the U.K. government were slashed by upwards of 30 percent.

http://truth-out.org/opinion/item/20412-the-facts-are-in-austerity-politics-doesnt-work

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Arrow 11 replies Author Time Post
Reply The Facts Are in: Austerity Politics Doesn't Work (Original post)
MindMover Dec 2013 OP
Xipe Totec Dec 2013 #1
Kelvin Mace Dec 2013 #2
MindMover Dec 2013 #3
orpupilofnature57 Dec 2013 #5
orpupilofnature57 Dec 2013 #4
FiveGoodMen Dec 2013 #6
Blue_Tires Dec 2013 #10
Harmony Blue Dec 2013 #7
happyfunball Dec 2013 #8
Enthusiast Dec 2013 #9
Blue Idaho Dec 2013 #11

Response to MindMover (Original post)

Wed Dec 4, 2013, 06:35 PM

1. Austerity is the economic equivalent of a crash diet

We all know how well those work.

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Response to MindMover (Original post)

Wed Dec 4, 2013, 06:36 PM

2. Since when are our political masters ever

 

swayed by facts?

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Response to Kelvin Mace (Reply #2)

Wed Dec 4, 2013, 06:40 PM

3. Not so much lately ... if the facts do not jive with their politics ...

they make up shit to sway the facts ... BIZARRO World ....

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Response to MindMover (Reply #3)

Wed Dec 4, 2013, 06:50 PM

5. And they have MSM to sell it .

 

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Response to Kelvin Mace (Reply #2)

Wed Dec 4, 2013, 06:49 PM

4. And how much " Austerity " are they enjoying ?

 

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Response to MindMover (Original post)

Wed Dec 4, 2013, 08:51 PM

6. They work fantastically well

at helping the rich help themselves to what little the rest of us have.

The only mystery is why we keep falling for it.

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Response to FiveGoodMen (Reply #6)

Thu Dec 5, 2013, 06:20 PM

10. +1

austerity has been an incredible success for the 1% crowd...

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Response to MindMover (Original post)

Wed Dec 4, 2013, 09:03 PM

7. The age of austerity hysteria

is starting to come to an end.

I am surprised Greece survived given how much their economy shrunk given how draconian the austerity measures has been on the Greek people for example.

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Response to MindMover (Original post)

Thu Dec 5, 2013, 01:28 AM

8. Austerity wasn't about getting economies moving

 

Austerity was about using the crisis as an excuse to dismantle the welfare state.

Sort of a variation of the "shock doctrine".

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Response to MindMover (Original post)

Thu Dec 5, 2013, 12:31 PM

9. But it is fun to make people suffer!

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Response to MindMover (Original post)

Thu Dec 5, 2013, 06:32 PM

11. It's not really about economics...

the idea of austerity by cutting government programs just happens to fit into the larger Teapublican philosophy expressed like this... "I want to make government small enough to drowned it in a bath tub."

Economy doing well? "Who needs all this government waste when there are so many jobs waiting to be filled..."

Economy doing poorly? "We can't afford all of this government spending at a time like this..."

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