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Politics : View from the Center and Left
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To: Dale Baker who wrote (147784)10/22/2010 8:13:26 AM
From: Steve Lokness  Read Replies (1) of 542598
 
When you consider that the last of the US stimulus money will be spent in the next year, and won't be extended or added to now, we are doing pretty much the same thing.

I disagree. There is a big difference between the run down of stimulus spending and efforts to bring down the debt. Britain is working on their debt; .........Britain "unveiled the country's steepest public spending cuts in more than 60 years, reducing costs in government departments by an average of 19 percent, sharply curtailing welfare benefits, raising the retirement age to 66 by 2020 and eliminating hundreds of thousands of public sector jobs in an effort to bring down the bloated budget deficit. .........The riots in France is another example and Germany was the first to start austerity programs. My argument was that these efforts have not seemed to have hindered their recovery as their economy seems to be recovering ahead of ours. We have done nothing to address our deficits.
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