General Discussion

theKed

(1,235 posts)

5. This is NOT the age of austerity

Wed Nov 14, 2012, 02:10 PM

Nov 2012

Austerity has been shown, over and over to woraen depressed economies. We saw it in the 30s, we see it in Greece, Spain, the UK. Austerity only serves to weaken the middle and lower class and increase the wealth gap.

Increasing the middle class' expendible wage (lower taxes) and rolling higher taxes on tge wealthy into the economy strengthens growth. The president doesnt buy Chicago economics, and neither should you.

Click here to purchase valentine hearts!

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

7 replies

= new reply since forum marked as read

Highlight:

Obama assures liberals he'll raise taxes on wealthy [View all] Playinghardball Nov 2012 OP

And when he allows those tax cut extensions to expire, you will see ChisolmTrailDem Nov 2012 #1

Increased taxes do not cause an economy to boom any more than cuts do NoOneMan Nov 2012 #2

This is NOT the age of austerity theKed Nov 2012 #5

It sort of is, as that is the dominant cultural meme NoOneMan Nov 2012 #6

"Paying the tab for a party that we didn't get to go to". Well said, Mr. Trumka! pacalo Nov 2012 #3

I am sure next years passing of middle and lower income tax relief... Skink Nov 2012 #4

Go Mr. President! GO! dem4ward Nov 2012 #7