How does austerity work

The Something Awful Forums > Discussion > Debate & Discussion > How does austerity work

cheese: Jan 7, 2004; Shop around for doctors! Always fucking shop for doctors. Doctors are stupid assholes. And they get by because people are cowed by their mystical bullshit quality of being able to maintain a 3.0 GPA at some Guatemalan medical college for 3 semesters. Find one that makes sense.

asdf32 posted:

This is wrong. People will even refer to austerity in the U.S. to represent a state of mind despite the fact that the U.S. on the whole has done the opposite.

That depends on your definition of austerity. The governmental response to the 2008 recession was a stimulus package only a fraction of the size of the collapse of private sector demand, and the package was laden with almost worthless tax cuts.

# ¿ Jul 25, 2015 04:17

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# ¿ May 9, 2024 03:36

cheese: Jan 7, 2004; Shop around for doctors! Always fucking shop for doctors. Doctors are stupid assholes. And they get by because people are cowed by their mystical bullshit quality of being able to maintain a 3.0 GPA at some Guatemalan medical college for 3 semesters. Find one that makes sense.

IAMNOTADOCTOR posted:

True, or you can be like Greece and have government spending result in a sovereign debt crisis followed by capital flight and a collapse of the banking system.

Yes, because the United States and Greece are very comparable from a standpoint of GDP, currency stability and investment trustworthiness.

# ¿ Jul 25, 2015 05:00

The Something Awful Forums > Discussion > Debate & Discussion > How does austerity work