Steve Kelley by Steve Kelley

Steve Kelley

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  1. Rad-ish

    Rad-ish GoComics PRO Member said, 4 days ago

    Yes, the Greek government was spending beyond its means in the late 2000s. But since then it has repeatedly slashed spending and raised taxes. Government employment has fallen more than 25 percent, and pensions (which were indeed much too generous) have been cut sharply. If you add up all the austerity measures, they have been more than enough to eliminate the original deficit and turn it into a large surplus.
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    So why didn’t this happen? Because the Greek economy collapsed, largely as a result of those very austerity measures, dragging revenues down with it.
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    First, we now know that ever-harsher austerity is a dead end: after five years Greece is in worse shape than ever.
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    http://www.nytimes.com/2015/06/29/opinion/paul-krugman-greece-over-the-brink.html?rref=collection%2Fcolumn%2Fpaul-krugman

  2. tom

    tom GoComics PRO Member said, 3 days ago

    says Rad-ish 2 days ago. ….First, we now know that ever-harsher austerity is a dead end: after five years Greece is in worse shape than ever"
    = = = = =
    So what’s your answer Rad-ish? Give them more money to waste? You liberals never learn, do you?

  3. Hiram Bingham

    Hiram Bingham said, 2 days ago

    @tom

    ^ Quite right; it’s best we let Greece go down the tubes, and if Europe and America follow it in a world-wide recession, who cares, huh.
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    Heaven forbid we ever do any “liberal” thing like saving the world economy…

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