Tom Toles by Tom Toles

Tom Toles

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  1. neatslob

    neatslob said, over 3 years ago

    Europe’s problem is a common currency shared between countries with different fiscal policies. Like roping a bunch of bicycle riders together: without the rope they’d all move along at their own speeds, but with the rope they all fall down.

  2. Newenglandah

    Newenglandah said, over 3 years ago

    You have that right. No country in the history of the world has ever “austeritied” their way to prosperity.

  3. Godfreydaniel

    Godfreydaniel said, over 3 years ago

    It was easy to predict that the Euro would be a flop, with such a huge disparity of types of government and their fiscal policies. What to do next? God only knows!

  4. Newenglandah

    Newenglandah said, over 3 years ago

    True that we cannot spend our way out of debt, but as I said no nation in history has ever “austeritied” their way to prosperity.

    Conservatives are fond of saying “Roosevelt did not end the depression, the war did”. What was WW2 if not a massive government spending program? Wartime manufacturing allowed factories to re-tool and expand, setting the stage for post-war manufacturing and unprecedented prosperity. New Deal regulations on banks and businesses prevented the mistakes of the laissez faire era championed by FDR’s three predecessors.

    As recent bridge collapses have demonstrated, our country badly needs infrastructure repair and improvement. A massive infrastructure program would put people to work and get our economy back on track.

  5. ARodney

    ARodney said, over 3 years ago

    I love the conservatives on this sight reacting to people pointing out the total failure of their ideas in Europe with “how can you be so rude?” These are real people’s lives you are destroying with ignorant austerity. It failed in Europe, and it’s failing here. We are paying our debt faster than at any time in history, and IT IS NOT A GOOD THING. It is costing massive numbers of jobs, and it’s seriously damaging America’s future to have such a vast pool of unemployed and soon unemployable citizens.

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