austerity---Shifting
way back on wages, research, entitlements, pensions,
health care, investments, etc. Some insist it is a cure for the economy but
opponents argue that it backfires, violates legal contracts, and causes more
indebtedness as more people lose jobs and tax revenue declines. Some think
the system must be brought down before it can be brought back up. Others insist
it is the business confidence created by austerity that sparks the global economic engine
by creating investment which spurs supply, which in turn spurs demand. On the other hand,
most recognise it as shell shock...mates will hoard... throwing more mates into the abyss.
health care, investments, etc. Some insist it is a cure for the economy but
opponents argue that it backfires, violates legal contracts, and causes more
indebtedness as more people lose jobs and tax revenue declines. Some think
the system must be brought down before it can be brought back up. Others insist
it is the business confidence created by austerity that sparks the global economic engine
by creating investment which spurs supply, which in turn spurs demand. On the other hand,
most recognise it as shell shock...mates will hoard... throwing more mates into the abyss.