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Austerity Is the Last Thing You Want During A Recession

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HolyCity2012 Donating Member (378 posts) Send PM | Profile | Ignore Sun Apr-17-11 08:47 AM
Original message
Austerity Is the Last Thing You Want During A Recession
 
Run time: 03:45
https://www.youtube.com/watch?v=BQ0Nf3hreds
 
Posted on YouTube: April 11, 2011
By YouTube Member: SamSeder
Views on YouTube: 500
 
Posted on DU: April 17, 2011
By DU Member: HolyCity2012
Views on DU: 371
 
SamSeder
Apr 11, 2011

Is making cuts and spending less during a recession the right thing to do?

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izquierdista Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-17-11 09:23 AM
Response to Original message
1. Austerity is definitely needed
But it should be applied at the top, so that it can trickle down. When Wall Street bankers go to one of their power lunches, they will still be paying $200 each, but austerity means that the kitchen will serve them something from the dollar menu and the rest of the check will go to pay down the deficit. When they get done at the end of the day, they will be taking the subway home, because their Maserati in the garage has been auctioned off to pay for a neighborhood health clinic. When they get home, they will have to make do with one bedroom at their McMansion, because when there is austerity, folks have to double up, you know. They will be sharing their McMansion with three homeless families (like the scene in 'Dr. Zhivago').
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szatmar666 Donating Member (532 posts) Send PM | Profile | Ignore Mon Apr-18-11 12:32 AM
Response to Reply #1
3. not to mention you can't pay for mazeratis with kids' lunch money
not because it's immoral, that too, but mainly because the math doesn't work out.
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Cowpunk Donating Member (572 posts) Send PM | Profile | Ignore Mon Apr-18-11 12:21 AM
Response to Original message
2. K&R.
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