Tagged: austerity

At least one person in Portugal gets it. The New York Times: “This strike is completely absurd,” said Pedro Silva, 36, a biology teacher at a private school, who was forced to take a taxi to work. “The Portuguese have to understand that there is no money and if there is no money people have […]

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2010-10-14 :: madlibertarianguy // Dumbassery + Economy
More Foot Stomping

Los Tiempos de Nueva York: Riot police clashed with protesting Culture Ministry workers barricading the ancient Acropolis on Thursday, using tear gas to clear the entrance to Greece’s most famous landmark. [. . .] Greece is in the midst of a tough austerity program which has cut public workers’ salaries and trimmed pensions in an […]

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2010-10-05 :: madlibertarianguy // Dumbassery + Economy + Europe + Government
Greeks Still Not Ready to See Reality

The New York Times concerning the Greek draft austerity budget: The Greek government, which this year has come under the tutelage of its euro-zone partners and the International Monetary Fund after it reached the brink of default, on Monday presented a draft austerity budget for 2011 that promised to raise more tax revenue while ending […]

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2010-09-29 :: madlibertarianguy // Dumbassery + Economy + Europe
Spoiled. Rotten. Brats.

Reuters: Tens of thousands of people marched through Brussels on Wednesday on a day of protests across Europe against government austerity measures, which unions say will slow economic recovery and punish the poor. Wwwwaaaaaaaaaaaaaaaa!!!! The government is going to stop giving us money that isn’t ours and that we didn’t earn. Rich people and corporations […]

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2010-09-04 :: madlibertarianguy // Dumbassery + Economy + Government
Too Little, Too Late

You’re a little late to the party, guys.The Washington Post: “We have managed to acquire $13 trillion of debt on our balance sheet,” he fumed to a roomful of voters. “In my view, we have nothing to show for it.” And that was a Democrat, Sen. Michael Bennet of Colorado, who voted “yes” on the […]

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Austerity. Fucking. Works. Los Tiempos de Nueva York: Germany has sparred with its European partners over how to respond to the financial crisis, argued with the United States over the benefits of stimulus versus austerity, and defiantly pursued its own vision of how to keep its economy strong. Statistics released Friday will buttress the German […]

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Dan Balz via The Washington Post: The co-chairs of President Obama’s debt and deficit commission offered an ominous assessment of the nation’s fiscal future here Sunday, calling current budgetary trends a cancer “that will destroy the country from within” unless checked by tough action in Washington. Isn’t it comforting that it only took a specialized […]

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