Poll

Well?

Yes
1 (20%)
No
4 (80%)

Total Members Voted: 5

Does austerity work?

 
More Than Mortal | d-d-d-DANK ✑ πŸ”₯πŸ”₯πŸ”₯ 🌈πŸ‘
 
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Quote
In economics, austerity describes policies used by governments to reduce budget deficits during adverse economic conditions. These policies may include spending cuts, tax increases, or a mixture of the two.
I can't say I'm an advocate, despite being a Conservative.

Austerity is more relevant in the U.K., but the States have also seen fiscal austerity since 2010-ish.
Last Edit: November 09, 2014, 02:42:59 PM by Meta Cognition

 
Anonymous (User Deleted) | Legendary Invincible!
 
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Wasn't austerity kind of terrible in Europe?

 
 
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Quote from: Kupo on November 09, 2014, 04:05:50 PM
Wasn't austerity kind of terrible in Europe?
It was much worse due to the fact they've had no monetary stimulus, but yeah.

 
BrenMan 94 | Heroic Unstoppable!
 
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Austerity is the government equivalent of spanking a child that got hit by a car.

 
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Quote from: BrenMan 94 on November 10, 2014, 07:21:47 AM
Austerity is the government equivalent of spanking a child that got hit by a car.
I'd have thought you would've supported austerity.

 
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Quote from: Meta Cognition on November 10, 2014, 07:24:48 AM
Quote from: BrenMan 94 on November 10, 2014, 07:21:47 AM
Austerity is the government equivalent of spanking a child that got hit by a car.
I'd have thought you would've supported austerity.
When it comes to spending cuts, sure.  Though that is usually coupled with tax hikes.

 
 
 
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<.<
Ehhhhh

I'm no where near qualified to answer that, and I don't know enough about economics to really have an opinion either. I think it's not a terrible idea, but what the tories have done has been a mixed bag. I'd rather see them tighten up their belts rather than slash the motherloving shit out of 'the evil benefit scrounging public'. It doesn't take a professor to look at the actual statistics for spending to realise that it's just an easy scapegoat to stab rather than to cut out pointless shite like HS2.