Warning: Constant ABSPATH already defined in /home/public/wp-config.php on line 27

Warning: Cannot modify header information - headers already sent by (output started at /home/public/wp-config.php:27) in /home/public/wp-includes/feed-rss2-comments.php on line 8
Comments on: More Austerity https://whynow.dumka.us/2013/02/22/more-austerity/ On-line Opinion Magazine...OK, it's a blog Mon, 25 Feb 2013 03:22:17 +0000 hourly 1 https://wordpress.org/?v=6.4.3 By: Bryan https://whynow.dumka.us/2013/02/22/more-austerity/comment-page-1/#comment-61967 Mon, 25 Feb 2013 03:22:17 +0000 http://whynow.dumka.us/?p=28584#comment-61967 The Fed keeps dumping money into banks that won’t lend to anyone, and the cost of credit hasn’t really dropped in parallel with the Prime Rate, but the interest paid on savings accounts has.

If everyone tries to cut at the same time, there is no one boosting the economy, and no reason for business to hire. Meanwhile food and energy costs go up to reduce discretionary spending even more.

The policies aren’t rational, they’re religious.

]]>
By: Steve Bates https://whynow.dumka.us/2013/02/22/more-austerity/comment-page-1/#comment-61959 Sun, 24 Feb 2013 16:42:34 +0000 http://whynow.dumka.us/?p=28584#comment-61959 “Austerity right now is a really, really bad idea.” – Paul Krugman, “Spending Cuts and Monetary Policy”

The global economy and I are both attempting to regain positions we recently held before foolishness not entirely of our own making took us down. I seem to be doing a bit better than the global economy…

]]>