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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (786649)	5/29/2014 1:27:06 AM
From: tejek	Read Replies (1) of 1587634

Every country on your chart, except France, was showing spending cuts by 2011. Wrong the UK's spending went up every year, Tim, the UK's budget cuts were made under Cameron. He didn't become PM until mid 2010. You wouldn't see those cuts in place until the 2012 budget year. and Italy's grew then went flat. In 2008 Italy's budget was over 800 billion Euros; by 2011, it had dropped to 788 billion Euros. Out of the countries in the chart only Greece and Spain had cuts, and their cuts were modest, only done because they had no other choice, and still left spending much higher in 2011 (and today BTW) then in 2002. Either you can't read charts or you don't understand the economics of budget cutting. The Euros did exactly the opposite of what the US did. They cut spending while the US increased spending. We came out of recession much earlier than they did and the US is expected to be the economic growth engine this year. The proof is out there, Tim, if you just would open your eyes and accept that conservatives don't do economics very well.

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