Sign in to follow this  
Followers 0
nipsip

What Affect Will A Republican Austerity Policy Have On The US?

Rate this topic

26 posts in this topic

Anyone ever give this a thought?

 

ATHENS — Deeply indebted and nearly bankrupt, this Mediterranean nation was forced to adopt tough austerity measures to slash its deficit and secure an international bailout. But as Greece’s economy slides into free fall, critics are scanning the devastated landscape here and asking a probing question: Does austerity really work?

 

Unemployment has surged to 18.8 percent from 13.3 percent only a year ago. Overburdened public hospitals are facing acute shortages of everything from syringes to bandages because of budget cuts, with hiring freezes forcing the mothballing of operating rooms even as more unemployed are relying on the public health system. - WPo

 

IMO, mass poverty is not the solution to a bad economy.

Share this post


Link to post
Share on other sites
Anyone ever give this a thought?

ATHENS — Deeply indebted and nearly bankrupt, this Mediterranean nation was forced to adopt tough austerity measures to slash its deficit and secure an international bailout. But as Greece’s economy slides into free fall, critics are scanning the devastated landscape here and asking a probing question: Does austerity really work?

Unemployment has surged to 18.8 percent from 13.3 percent only a year ago. Overburdened public hospitals are facing acute shortages of everything from syringes to bandages because of budget cuts, with hiring freezes forcing the mothballing of operating rooms even as more unemployed are relying on the public health system. - WPo

IMO, mass poverty is not the solution to a bad economy.

 

I doubt that a series of federal austerity budgets would induce "mass poverty."

 

But they would be contractionary in the short term.

 

 

Share this post


Link to post
Share on other sites

The moral of the story is govt isnt the answer to all problems. Those who think it is are foolish.

 

The key to real austerity is to never let the govt take over things, that way when budget cuts happen (and the will eventually) no on is hurt by reduced govt services :)

Share this post


Link to post
Share on other sites
Anyone ever give this a thought?

ATHENS — Deeply indebted and nearly bankrupt, this Mediterranean nation was forced to adopt tough austerity measures to slash its deficit and secure an international bailout. But as Greece’s economy slides into free fall, critics are scanning the devastated landscape here and asking a probing question: Does austerity really work?

Unemployment has surged to 18.8 percent from 13.3 percent only a year ago. Overburdened public hospitals are facing acute shortages of everything from syringes to bandages because of budget cuts, with hiring freezes forcing the mothballing of operating rooms even as more unemployed are relying on the public health system. - WPo

IMO, mass poverty is not the solution to a bad economy.

 

Do you even know what austerity entails?

 

I'll give you a hint:

 

I've got a whole thread chock-full of primary and secondary sources that describe the current cataclysmic economic and political failure brought upon us by socialism in Europe.

 

The Greek Economy which was traditionally based on tourism and light export has been turned on it's head because of the pan european socialism known as the EMU..

 

Greece benefitted from a weak currency and the Euro eliminated that.

 

The greek social welfare system is facing deep insolvency. And the Unions and the Socialists are unwilling to let go. Greece will disintegrate into anarcht courteosy of the Socialists.

 

Conversely - if you look at the Conservative government in Spain and their application of Austerity, you will see a clearer picture arise. They are facing far greater unemployment with greater economic impact than Greece.

 

The crisis in Europe is breathing example of where the current administration is taking the US with rapid expansion of social welfare and state sponsored programs coupled with out of control spending.

 

Austerity measures in Greece have entailed pension reform, labor union ccontract negotitaion and massive - across the - board tax increases.

 

The Current VAT in Europe is almost 25%.

 

The Republican candidates are presenting Austerirty in the form of tax code reworkings vs tax increses and spending cuts across the board.

 

Only a cacazote would ignore the direction the Obama administration is taking us.

 

We are Greece.

 

Share this post


Link to post
Share on other sites

I doubt that a series of federal austerity budgets would induce "mass poverty."

But they would be contractionary in the short term.

 

What nipster forgot to add was that the IMF told Greece to stop bleeding the country dry with massive tax increases.

 

The Obama administration is following a bizarre economic course by escalating debt via social expenditues, with minimal contravening cuts in defense.

 

In other words, if we eliminate all defense spending it will not be enough to offset the expenditures created by Obama Care and all fed programs.

 

The follow through is to raise taxes on the middle class and up to effectivly prime a dry pump.

 

 

Share this post


Link to post
Share on other sites


This thread underscores the reasons why liberalism has never and will never strengthen an economy. Unfortunately, it's really good at destroying an economy and entire countries, for that matter. Wealth redistribution discourages free enterprise and borrowing money to fund unsustainable public handouts drives the economy over a cliff. Waiting until the 11th hour to ween the population off handouts causes riots, reduces the money supply and makes a bad situation worse in the short term. The problem is that there is no other choice other than to cut spending and the longer you wait to do it the more draconian the cuts have to be and the more severe is their short term contraction of the economy. This is why it's so important to pass the Ryan plan or it's equivalent as soon as possible. While the destruction of the economy by liberalism gets the headline, the left's attack on religion is steadily undermining the morals of the country, with more kids growing up in single parent housholds that have lived off the government teat for generations. 


Share this post


Link to post
Share on other sites

First, short of Ron Paul or an actual collapse, there won't be that sort of austerity, we don't have the cajones for it.

 

There is much more to the poverty other than austerity that is killing Greece. Who wants to travel to a country that relies on tourism when the teat sucklers are revolting violently? That's what is so awesome about the stupid, they get mad and shoot themselves in the foot to prove their point.

 

When our system approaches that stage, and it will. I think the poverty and riots will be in the areas where the sucklers live, the rest of us will be fine.

 

Share this post


Link to post
Share on other sites

European Socialism in action: create an economic system that handcuffs every productive member of society to two more unproductive members.

 

Create several bureaucracies to project the illusion of authority.

 

Centralize all the bureaus under an all powerful unelected bureacracy and fashion a currency in its image and likeness.

 

When the system begins to falter within 5 years of it's complete assimilation, call it a "banking crisis" and blame everyone but the system for the manifestation of the design flaws.

 

This would be like an auto maker creating a car that is incapable of making a right hand turns and then blaming the problem on the driver.

 

The first measure is to prosecute the people that understand the system but are not closely associated with the Bureacracies.

 

Stir up the population that stands to lose the largesse of redistribution and "sick them on the bankers".

 

When that doesn't work have spokesmen tell the serfs that all is well and a "reset button" will be forthcoming.

 

Never admit the system is flawed; continue to say you didn't go far enough.

 

I will have to go back to a paper I wrote on the siege or Paris during the Franco Prussion War. All of Europe is under siege by the technocrat socialists.

Share this post


Link to post
Share on other sites

This thread underscores the reasons why liberalism has never and will never strengthen an economy. Unfortunately, it's really good at destroying an economy and entire countries, for that matter. Wealth redistribution discourages free enterprise and borrowing money to fund unsustainable public handouts drives the economy over a cliff. Waiting until the 11th hour to ween the population off handouts causes riots, reduces the money supply and makes a bad situation worse in the short term. The problem is that there is no other choice other than to cut spending and the longer you wait to do it the more draconian the cuts have to be and the more severe is their short term contraction of the economy. This is why it's so important to pass the Ryan plan or it's equivalent as soon as possible. While the destruction of the economy by liberalism gets the headline, the left's attack on religion is steadily undermining the morals of the country, with more kids growing up in single parent housholds that have lived off the government teat for generations. 

 

European Socialism in action: create an economic system that handcuffs every productive member of society to two more unproductive members.

Create several bureaucracies to project the illusion of authority.

Centralize all the bureaus under an all powerful unelected bureacracy and fashion a currency in its image and likeness.

When the system begins to falter within 5 years of it's complete assimilation, call it a "banking crisis" and blame everyone but the system for the manifestation of the design flaws.

This would be like an auto maker creating a car that is incapable of making a right hand turns and then blaming the problem on the driver.

The first measure is to prosecute the people that understand the system but are not closely associated with the Bureacracies.

Stir up the population that stands to lose the largesse of redistribution and "sick them on the bankers".

When that doesn't work have spokesmen tell the serfs that all is well and a "reset button" will be forthcoming.

Never admit the system is flawed; continue to say you didn't go far enough.

I will have to go back to a paper I wrote on the siege or Paris during the Franco Prussion War. All of Europe is under siege by the technocrat socialists.

 

and that is why I say the greatest threat to this nation are liberals........even if it makes them mad, its the truth. and were so far down that rabbithole I doubt we can ever emerge as a strogn nation again..........

Share this post


Link to post
Share on other sites

Do you even know what austerity entails?

I'll give you a hint:

I've got a whole thread chock-full of primary and secondary sources that describe the current cataclysmic economic and political failure brought upon us by socialism in Europe.

The Greek Economy which was traditionally based on tourism and light export has been turned on it's head because of the pan european socialism known as the EMU..

Greece benefitted from a weak currency and the Euro eliminated that.

The greek social welfare system is facing deep insolvency. And the Unions and the Socialists are unwilling to let go. Greece will disintegrate into anarcht courteosy of the Socialists.

Conversely - if you look at the Conservative government in Spain and their application of Austerity, you will see a clearer picture arise. They are facing far greater unemployment with greater economic impact than Greece.

The crisis in Europe is breathing example of where the current administration is taking the US with rapid expansion of social welfare and state sponsored programs coupled with out of control spending.

Austerity measures in Greece have entailed pension reform, labor union ccontract negotitaion and massive - across the - board tax increases.

The Current VAT in Europe is almost 25%.

The Republican candidates are presenting Austerirty in the form of tax code reworkings vs tax increses and spending cuts across the board.

Only a cacazote would ignore the direction the Obama administration is taking us.

We are Greece.

 

When you already have a situation of low demand, and your government does everything possible to lower it more, you make the situation worse. The fact is that the budget deficit, the entire reason for the austerity, increases, amid collapsing revenue.

 

Its true Greece, raised taxes, but without any way to enforce payment of them. Greece never had a spending problem as much as it had a tax collection problem. Then they exacerbated it.

Share this post


Link to post
Share on other sites

When you already have a situation of low demand, and your government does everything possible to lower it more, you make the situation worse. The fact is that the budget deficit, the entire reason for the austerity, increases, amid collapsing revenue.

Its true Greece, raised taxes, but without any way to enforce payment of them. Greece never had a spending problem as much as it had a tax collection problem. Then they exacerbated it.

 

Yeah - sure - The Greek Socialists (they have no other party) created this mess and the EU membership enabled the expanse.

 

The Greek Government gave a Two Day Paid Vacation to every Greek Citizen, (now they cut it to One Day - austerity you know...)

 

Guranteed Pensions at a rate of 75% vs the core EU 45%

 

 

Take it a few steps further into the structural flaw of the EU and the unwillingness of socialists to admit failure

 

Greece is a pimple that the EU Technocrats and Socialists turned into a contaminated festering sore.

 

Any Bets France loses it's Triple-A rating in a few weeks? (This is after it was wrongly reported that ratings agencies would leave it alone for FY 2012).

 

All of Southern Europe : The Failure of Socialism is coming home to roost.

 

Austerity won't make it worse, but it will slow down "recovery".

 

Lets not kid ourselves though - Europe cannot recover. It's a design flaw.

 

The technocrats will blame austerity for their ineptitude.

 

 

 

 

 

 

 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to register here in order to participate.

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0

  • Recently Browsing   0 members

    No registered users viewing this page.