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View Diary: Why Austerity Wins: the short version (15 comments)

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  •  People are seeing a similarity, even if it isn't 1 (0+ / 0-)

    People are looking at their own finances and seeing out of control debt. Its not very hard to look at personal debt that ballooned to enormous levels, and then look at a federal govt. that has debt growing almost exponentially and draw similar conclusions, primarily that people and the govt are living far beyond their means.

    Finally, its very difficult to separate the truth about spending/debt from self-serving convenience. People that love to spend are always going to justify more spending, and people that hate spending are always going to point to spending as bad (at least until they get back in power).

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