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View Diary: Even the WSJ admits it now: Austerity has harmed the US economy (103 comments)

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  •  I don't think that austerity is working out (2+ / 0-)
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    CharlieHipHop, divineorder

    for the large majority of WSJ readers, actually.  I think that a lot of those people were dumb enough to believe the bullshit about how "liberating" money from the government coffers was going to make it more available to them.  

    The reality is that not spending does not free up that cash - they were under the impression that the Cash Liberation Fairy was going to swoop in and take the government's place as a big spender.  Of course, many of us know that the Easter Bunny is more likely to drop by our homes than the Cash Liberation Fairy ever would be.

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