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View Diary: Reid: Use war savings to delay sequester (54 comments)

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  •  Just stop insisting on austerity as an answer (1+ / 0-)
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    cactusgal

    to our economic problems.  That would help more than anything else.  The rest of the world is finally catching on that insistence on deficit/debt reduction is killing their economies - even Europe!  I wonder how long it will take for this country to do the same and how many more millions of unemployed and underemployed it will take for the austerians to admit failure.  Since the economic philosophy that justified their rants for austerity has now been proven flawed and specious, can they even bring themselves back to economic sanity?

    "In this world of sin and sorrow there is always something to be thankful for; as for me, I rejoice that I am not a Republican." - H. L. Mencken

    by SueDe on Tue Apr 23, 2013 at 02:42:23 PM PDT

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    •  the reason why the politicians insist on (1+ / 0-)
      Recommended by:
      SueDe

      austerity is because people falsely believe that the US govt has to borrow its own currency.  The deficit should be seen in only one light, is printing this much new money going to cause the economy to go past full productive capacity and employment causing inflation?  If the answer is no, then the deficit is not too big it is too small and the Govt needs to add more money into the economy.

      "The Earth is my country and Science my religion" Christiaan Huygens

      by Auburn Parks on Tue Apr 23, 2013 at 02:46:06 PM PDT

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