6 votes

I really don't "get" this austerity mentality

So we have all seen today how the media (television, print and some internet) are spinning the whole France and rejection of austerity thing. But seriously, I just don't get it. Our credit rating has been downgraded, there are commercials on T.V. all the time about doomsday and the coming economic collapse, we are 16 trillion + in debt and rising every minute, the entitlement purses have no money in them, we are borrowing money from China just to make government payroll. Please tell me Americans won't buy this garbage. I know we have a divided country but seriously.....can't we Americans just do the math please!!!

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Because France and Greece are

Because France and Greece are so badly in debt, the germans who are not badly in debt are expected to keep the euro intact (most Germans didn't want to switch to the euro in the first place) and help keep these countries afloat. The Germans want the French and Greeks to change their irresponsible, socialist, nanny state ways before they "bail them out". By electing a socialist president over a more conservative one, France has shown to Germany that they don't really care about the requests and concerns of their more responsible Euro saviors. Greece has already slapped the Germans in the face a time or 2 already by accepting bailouts and lying about changing their reckless spending habits. So these are the austerity measures put in place by Germany that the French and Greeks are ignoring. Sounds a lot like our irresponsible federal gov't.

it's really not what most think it is

You hear nonsense like Greek bailouts -well it's not a bail out of Greece -It's a bailout of the banksters that lent to Greece -the Greek people get the shaft just like the 99% of Americans getting shafted by the Fed The IMF The WB -The bad debt should be liquidated not piled on the 99%

and now we find out just recently Canadian banks were bailed out 114 billion from The Fed -yea the super rich in natural resource Canadians with the supposed well regulated sector after jackasses like PM Harper pranced around lying about not being bailed out

I'm against bailouts but if banksters get them I want that deal -and don't buy the they paid it back because they didn't pay squat -they were bankrupt and just created more debt to pile on us

Government is supposed to protect our freedom, our property, our privacy, not invade it. Ron Paul 2007

A large part of Greece's debt

A large part of Greece's debt is from their socialist programs and huge govt payroll. I believe the greek banks that failed because of us were state owned/backed anyway. It's countries like Ireland, Japan and the U.S. that are supposed to be free market states that really screwed their people over. These banks weren't all backed by the govt, but in an attempt the calm the markets the govt agreed to back them, putting their people in debt for generations instead of just letting the banks fail like they should have in a free market. That's what Iceland did and they are recovering the fastest of any countries affected by the unethical banking.

Not sure if I get it, either

What exactly is "austerity"? Is it rationing goods?

"Moderation in temper is always a virtue; but moderation in principle is always a vice." -- Thomas Paine

it's supposed to be fiscal belt tightning

but it gets mucked up by monetary policy

Government is supposed to protect our freedom, our property, our privacy, not invade it. Ron Paul 2007

Austerity?

Austerity is the end result of corporatist, central Marxist bank fiat printing, bailout and crony stimulus. They get the loot…‘We the People’ get the boot--on our necks. If we had sound money and true fiscally conservative economic policies, like Ron Paul espouses, our Republic would not be enveloped in the depths of tyranny as we now find ourselves….

Liberty, 2012

“The moral and constitutional obligations of our representatives in Washington are to protect our liberty, not coddle the world, precipitating no-win wars, while bringing bankruptcy and economic turmoil to our people.” - Ron Paul

Austerity is...

when nothing changes for the super rich, the "normal"rich aren't quite as rich, and the rug gets completely pulled out from under the feet of the middle and lower classes.Govt services (health, education) are cut to the bone. The cost of every day living goes through the roof.It tears families apart,causes people to suicide,drives up crime and is a living hell.
For all of this you can thank...the UN, NATO, the World Bank, and last but not lest the nefarious International Monetary Fund.

I guess I understand what you

I guess I understand what you are writing, but isn't it necessary?

what about the man who works 60 to 80 hrs a week in a blue collar job and has a portion of his income taken away to support those who do not work. Is that not slavery?

I guess what I am saying is, I could sacrifice things (relationships, hobbies, pleasure, ect....) working such a job while others who do not are off enjoying this things, and I am paying for it with my labor.

This is a major issue for me. Its not just the income being taken away, its the difference in lifestyle, and the attitude that its okay for some to slave work and miss out while others do not