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(BBC)   Eurozone? More like Uzeroemploymentzone   (bbc.co.uk) divider line 35
    More: Obvious, Organisation for Economic Co-operation, Economy of the European Union, Politics of Italy, Eurostat, eurozone, European Central Bank, Putin  
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1263 clicks; posted to Business » on 31 May 2013 at 10:51 AM (45 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-05-31 11:25:12 AM
You know what would really help this? Germany forcing more countries to lay off their civil servants
 
2013-05-31 11:52:49 AM
Yet another spectacular success for austerity measures.
 
2013-05-31 11:57:15 AM

Gordon Bennett: Yet another spectacular success for austerity measures.


Yeah, that's what caused all this. Austerity wasn't in response to anything. They just decided to do it out of the blue, for funsies!
Chicken bits everywhere....please clean up when you're done Krugman.
 
2013-05-31 12:03:55 PM

studs up: Gordon Bennett: Yet another spectacular success for austerity measures.

Yeah, that's what caused all this. Austerity wasn't in response to anything. They just decided to do it out of the blue, for funsies!
Chicken bits everywhere....please clean up when you're done Krugman.


It's my understand that there are people who view austerity measures as punishing the wrong people for the problem.  Somewhat of a rob the poor to let the rich continue spending sort of thing.
 
2013-05-31 12:33:23 PM

theurge14: studs up: Gordon Bennett: Yet another spectacular success for austerity measures.

Yeah, that's what caused all this. Austerity wasn't in response to anything. They just decided to do it out of the blue, for funsies!
Chicken bits everywhere....please clean up when you're done Krugman.

It's my understand that there are people who view austerity measures as punishing the wrong people for the problem.  Somewhat of a rob the poor to let the rich continue spending sort of thing.


Punishing how? I'm sure you have seen the numbers. They could tax at 100% at the upper brackets and still not be able to fulfill the obligations of the dole. The people that should be punished are the politicians who lied to these poor people by buying their votes with promises they could not meet. Now that the bill has come due, everyone is totally baffled why there is no money to pay for all the bennies. So instead of taking responsibility they point they point the finger at "the rich" and suck even harder at the honeypot of govt largesse while they still can. The EU is dead. Hegemony is dead. Mutual indebtedness killed it.
 
2013-05-31 01:12:26 PM

studs up: Punishing how? I'm sure you have seen the numbers. They could tax at 100% at the upper brackets and still not be able to fulfill the obligations of the dole. The people that should be punished are the politicians who lied to these poor people by buying their votes with promises they could not meet. Now that the bill has come due, everyone is totally baffled why there is no money to pay for all the bennies. So instead of taking responsibility they point they point the finger at "the rich" and suck even harder at the honeypot of govt largesse while they still can. The EU is dead. Hegemony is dead. Mutual indebtedness killed it.


I got a Conservative Talking Points bingo from this post alone. What do I win?
 
2013-05-31 01:16:40 PM

studs up: theurge14: studs up: Gordon Bennett: Yet another spectacular success for austerity measures.

Yeah, that's what caused all this. Austerity wasn't in response to anything. They just decided to do it out of the blue, for funsies!
Chicken bits everywhere....please clean up when you're done Krugman.

It's my understand that there are people who view austerity measures as punishing the wrong people for the problem.  Somewhat of a rob the poor to let the rich continue spending sort of thing.

Punishing how? I'm sure you have seen the numbers. They could tax at 100% at the upper brackets and still not be able to fulfill the obligations of the dole. The people that should be punished are the politicians who lied to these poor people by buying their votes with promises they could not meet. Now that the bill has come due, everyone is totally baffled why there is no money to pay for all the bennies. So instead of taking responsibility they point they point the finger at "the rich" and suck even harder at the honeypot of govt largesse while they still can. The EU is dead. Hegemony is dead. Mutual indebtedness killed it.


www.country933.com
 
jvl
2013-05-31 01:20:54 PM

Gordon Bennett: Yet another spectacular success for austerity measures.


"Austerity Will Fix The Economy" is the perennial liberal strawman.

No. It's just that a government which spends less through austerity is a whole lot better than a government which spends way the fark less because they have no money.
 
2013-05-31 01:26:46 PM

Sergeant Grumbles: studs up: Punishing how? I'm sure you have seen the numbers. They could tax at 100% at the upper brackets and still not be able to fulfill the obligations of the dole. The people that should be punished are the politicians who lied to these poor people by buying their votes with promises they could not meet. Now that the bill has come due, everyone is totally baffled why there is no money to pay for all the bennies. So instead of taking responsibility they point they point the finger at "the rich" and suck even harder at the honeypot of govt largesse while they still can. The EU is dead. Hegemony is dead. Mutual indebtedness killed it.

I got a Conservative Talking Points bingo from this post alone. What do I win?


A big steaming pile of My TEAM! Yea.....
'Cause that's all you have.
 
2013-05-31 01:28:53 PM

jvl: Gordon Bennett: Yet another spectacular success for austerity measures.

"Austerity Will Fix The Economy" is the perennial liberal strawman.

No. It's just that a government which spends less through austerity is a whole lot better than a government which spends way the fark less because they have no money.


Austerity is Morally Correct.
 
jvl
2013-05-31 01:38:19 PM

Rapmaster2000: Austerity is Morally Correct.


No, it's merely the best of of the horrible options available to countries which have no self-control.
 
2013-05-31 01:44:07 PM

jvl: No, it's merely the best of of the horrible options available to countries which have no self-control.


www.zerohedge.com

Like Spain before the crash? Yeah... that debt being paid off sure does look out of control.
 
2013-05-31 01:53:56 PM

Sergeant Grumbles: jvl: No, it's merely the best of of the horrible options available to countries which have no self-control.

[www.zerohedge.com image 560x271]

Like Spain before the crash? Yeah... that debt being paid off sure does look out of control.


I wonder why yours stops in 2010?
www.zerohedge.com
 
2013-05-31 01:54:32 PM

Sergeant Grumbles: jvl: No, it's merely the best of of the horrible options available to countries which have no self-control.

[www.zerohedge.com image 560x271]

Like Spain before the crash? Yeah... that debt being paid off sure does look out of control.


Debt to GDP? Yeah great stat, since GDP includes government spending and the private sector GDP was over-inflated due to a phoney housing boom.
 
jvl
2013-05-31 02:02:17 PM

Sergeant Grumbles: Like Spain before the crash? Yeah... that debt being paid off sure does look out of control.


A graph of debt-to-GDP is disingenuous. The correct graph is spend-vs-tax graph.

For example, the California economy went bubbly around 1999. Lots of income leading to income tax. Lots of home sales leading to home sales taxes. So the government (both R and D) raised expenditures while reducing taxes. On paper, it looked like a reasonable budgetary balance. But as soon as the bubble popped, the massive deficits began. For too long California tried to pretend the deficit was only temporary and the spending was justified. Thank God we now have Brown in office and we're cutting back to long-term manageable levels of expenditures.

In the case of California, the debt-to-GDP graph might have looked just fine. But the tax and revenue graph would have shown the problem: a ramp in tax followed by a ramp in revenue, followed by taxes returning to historic levels followed by revenues taking too long to also return to historically sustainable levels.

So yeah, sometimes a recession brings temporary deficits that you can ignore. But sometimes the recession is merely a wake-up call that you really are spending too much. Spain, like California, got caught swimming naked when the tide went out.
 
2013-05-31 02:03:17 PM

studs up: I wonder why yours stops in 2010?


Because it didn't have anything to do with my point, herpaderp. Spain is screwed now, but austerity is still punishing the wrong people. Spain was not spending like a drunken sailor, which brings me to...

MugzyBrown: Debt to GDP? Yeah great stat, since GDP includes government spending and the private sector GDP was over-inflated due to a phoney housing boom.


A phoney housing boom is not indicative of Spain's out of control spending, but thanks for playing.
 
2013-05-31 02:06:37 PM

jvl: Spain, like California, got caught swimming naked when the tide went out.


You can't say Spain should have known better than to bank on a bubble when the entire world economy was nearly brought down for expecting the same.
 
2013-05-31 02:15:18 PM
fark needs a non american tab so i'm not forced to read this stuff
 
2013-05-31 02:17:23 PM

tbhouston: fark needs a non american tab so i'm not forced to read this stuff


www.troll.me
 
2013-05-31 02:31:47 PM

Sergeant Grumbles: studs up: I wonder why yours stops in 2010?

Because it didn't have anything to do with my point, herpaderp. Spain is screwed now, but austerity is still punishing the wrong people. Spain was not spending like a drunken sailor, which brings me to...

MugzyBrown: Debt to GDP? Yeah great stat, since GDP includes government spending and the private sector GDP was over-inflated due to a phoney housing boom.

A phoney housing boom is not indicative of Spain's out of control spending, but thanks for playing.


Of course the facts have nothing to do with your point. It doesn't fit your narrative. You can't even define what "punishing the wrong people" means. You keep humping Krugman's leg though.
Your philosophy, math, economics and sophistry are wrong. It's being proven in the EU (amongst others) and will continue to be a failed idea forever.
Please come back at me with some stupid insult that only shows the level of your understanding. It makes me warm inside.
 
2013-05-31 02:47:35 PM

studs up: It makes me warm inside.


That's just exertion from moving the goalposts and erecting strawmen. Straining like that can give you a hernia.

"Punishing the wrong people" means this:
It is ridiculous to safeguard the investments of the moneyed class from economic devastation they themselves caused by increasing taxes and cutting services of the lower classes.
 
2013-05-31 02:58:23 PM

Sergeant Grumbles: studs up: It makes me warm inside.

That's just exertion from moving the goalposts and erecting strawmen. Straining like that can give you a hernia.

(citation needed)
Can you even define those fallacies? If you could you would be able to see that none of that applied.
Strike one

"Punishing the wrong people" means this:
It is ridiculous to safeguard the investments of the moneyed class from economic devastation they themselves caused

Wrong again. This "devastation" was caused by the political class and public unions that voted themselves treasure off the largesse of the taxpayer.
Strike two

by increasing taxes and cutting services of the lower classes.
Wrong again. The taxes on the "lower classes" have not changed. They are rioting because the bennies are dried up because the taxes paid by the upper and ever shrinking middle class can't carry them anymore. The tit is dry.
Strike three

Back to the minors for you slugger.
 
jvl
2013-05-31 03:00:02 PM

Sergeant Grumbles: jvl: Spain, like California, got caught swimming naked when the tide went out.

You can't say Spain should have known better than to bank on a bubble when the entire world economy was nearly brought down for expecting the same.


I'm don't really blame them for what happened. It's human nature that when good things happen you credit your own ingenuity or how awesome new stuff is.

Point is, now they have to acknowledge that the life they were living was a fiction, and they must do the hard work of unwinding their expenditures.
 
2013-05-31 04:16:23 PM

studs up: This "devastation" was caused by the political class and public unions that voted themselves treasure off the largesse of the taxpayer.

 
2013-05-31 04:18:51 PM
Oh well, had a stupid picture, but FARK didn't like it.

Come up with something besides a right-wing talking point.
 
2013-05-31 04:25:03 PM

jvl: I'm don't really blame them for what happened. It's human nature that when good things happen you credit your own ingenuity or how awesome new stuff is.

Point is, now they have to acknowledge that the life they were living was a fiction, and they must do the hard work of unwinding their expenditures.


Just don't throw around "out of control spending" like everyone is the Greeks. It only serves to underscore the "morality" of austerity.
 
2013-05-31 04:31:35 PM

Sergeant Grumbles: Oh well, had a stupid picture, but FARK didn't like it.

Come up with something besides a right-wing talking point.


Okay, you are a troll that has no input of value. How's that work for ya?
I'm done playing with the stupid today.
 
2013-05-31 04:54:48 PM

studs up: Okay, you are a troll that has no input of value. How's that work for ya?


Works just fine. Considering you didn't have any input of value to begin with, I didn't feel the need to apply myself.
 
2013-05-31 04:56:32 PM

Lost Thought 00: You know what would really help this? Germany forcing more countries to lay off their civil servants


In lieu of Germany floating imploding economies due to their self-destructive policies?


gs1.wac.edgecastcdn.net
 
2013-05-31 05:02:03 PM

Lost Thought 00: You know what would really help this? Germany forcing more countries to lay off their civil servants


Clearly Greece needs more borrowing and social welfare. It's working so well for them.
 
2013-05-31 09:12:03 PM

Nemo's Brother: Lost Thought 00: You know what would really help this? Germany forcing more countries to lay off their civil servants

Clearly Greece needs more borrowing and social welfare. It's working so well for them.


Germany has plenty of social welfare and isn't collapsing due to it.

Greece's problem is a cultural aversion to paying taxes.....

and farking sheep.
 
2013-06-01 10:00:33 AM

studs up: Gordon Bennett: Yet another spectacular success for austerity measures.

Yeah, that's what caused all this. Austerity wasn't in response to anything. They just decided to do it out of the blue, for funsies!


...Well, it certainly isn't helping anything.
 
2013-06-01 10:03:13 AM

studs up: This "devastation" was caused by the political class and public unions that voted themselves treasure off the largesse of the taxpayer.


...aaaaaand ignore.

/STOP. BLAMING. THE WORKERS.
 
2013-06-01 10:04:50 AM

lilplatinum: Nemo's Brother: Lost Thought 00: You know what would really help this? Germany forcing more countries to lay off their civil servants

Clearly Greece needs more borrowing and social welfare. It's working so well for them.

Germany has plenty of social welfare and isn't collapsing due to it.


No, they'll be collapsing because every other member of the EU will blame them for forcing them into austerity.
 
2013-06-01 04:47:10 PM

IlGreven: studs up: This "devastation" was caused by the political class and public unions that voted themselves treasure off the largesse of the taxpayer.

...aaaaaand ignore.

/STOP. BLAMING. THE WORKERS.


Miss you already Chairman.
Stop.Believing.Stupid.Math
 
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