You can’t cut your way to prosperity. We have 24 states that have raised taxes, increased spending, and seen their revenues go up and their unemployment decline. Things have gotten worse in the red states, and better in the blue states.
So much better that they’re dragging the whole country up. The following countries did the austerity thing of slashing government, cutting spending, firing government workers, cutting social programs, and pushing everything toward private ownership – the same advice the Republicans want us to follow. This is the same thing IMF imposed on Chile, Argentina and Mexico in the ‘80s, and they all went bankrupt.
How’s that working for Europe right now? - Spain’s debt-to-GDP ratio was 36%. They took an austerity path and now they’re approaching 84%.
- Italy was at 105%, and after 2.5 years of austerity they are at 126%. - Greece was a little over 100%; they’re at 160% now. Their economy shrank 6.8% last year and is at 7% this year.
- Portugal was at 107% but is now at 118%. Their economy shrank by 1.5% last year and is expected to contract by 3% this year. Things are getting worse for every country that’s doing what the Republicans want us to do.
Without growth, reducing debt levels becomes nearly impossible. What you are watching in Europe is the robbing, raping, and pillaging of Europe by the same transnational banksters and corporations that are buying off our politicians and trying to do it to us.
If you are referring to the recent economic struggles the root cause is directly traced to poor government policy (too much interference in the markets) and poor monetary policy (cheap money) by the Fed. Everything else was a reaction to the government and Fed influences in the free market.
I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.