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Politics : Politics for Pros- moderated

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skinowski
To: frankw1900 who wrote (609683)9/30/2016 9:40:04 PM
From: Stevefoder2 Recommendations  Read Replies (2) of 793966
 
Austerity has no credibility as economic policy.

The national debt after WWII was a little worse than it is today (compared to GDP). That debt was rapidly paid off by austerity.

Why cannot we do that today?

Only reason that I can think of is that we are not as tough as our parents. Our nation now does not have that much guts. We have become, on average, a bunch of whiny babies.
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