Austerity - is when a government reduces its spending and/or increases user fees to pay back creditors. Austerity is usually required when a government's fiscal deficit spending is felt to be unsustainable.
Austerity is beyond the fake "left wing"/"right wing" paradigm. It's NOT the typical argument of spending cuts vs tax hikes, it is both AND it is worse than you can imagine. It is a society in which taxes are beyond reasonable, almost feudal and services are nonexistent and may actually cause you harm
*Austerity in New York
*Austerity in Los Angeles
*Austerity in Greece
*Austerity in UK
*Austerity throughout the US?
No comments:
Post a Comment