Austerity Is the Last Thing You Want During A Recession

[HolyCity2012]

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]

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').

[szatmar666]

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.

[Cowpunk]

2. K&R.