by John_A » Sun 17 Mar 2013, 11:30:39
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Austerity doesn't work because you can't cut your way towards prosperity. That comes from, among other things, investment in education, research and infrastructure. You don't win wars by retreating.
Austerity isn't retreating. It's called "living within your means", most humans are subject to this simple rule, it seems natural that governments should give it a whirl.
As far as prosperity, are you kidding? Peak oil, climate change, religious extremists, intransigence on the past of both advocates and detractors, how does anyone figure out a return to "prosperity", let alone settling along the various parties what that even means.
The old world is gone, nothing to see, time to move along.
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') And without innovation, no amount of austerity will drive the economy forward. We've become a creaking old, fat and decadent society.
Yup. Fortunately, even for all of that there are still places where innovation is appreciated and rewarded, and America is still one of those places. Unfortunate that those who can are forced to support the socialists agenda of a political organization doing its best to make sure those qualities are forced to pay for the sins of their supporters, but maybe that is just the way the majority want it nowadays. Give them the dole, and they are happy.