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PETRUS

(3,678 posts)
25. Sorta
Sun Oct 13, 2013, 09:59 AM
Oct 2013

A consequence of deficit reduction (and one we're living with right now) is unemployment and lost output. This hits middle and lower income people hardest, reduces their bargaining power, and leads to lower wages. It's contradictory to promote a policy of higher taxes on the rich for inequality reduction when it's paired with the idea of deficit reduction during a demand shortage involving mass unemployment.

Teabaggers have a better plan Turbineguy Oct 2013 #1
They're using the South Park underpants gnomes system of economics. Initech Oct 2013 #37
well, well, well... truebluegreen Oct 2013 #2
+++ 1,000 +++ n/t RKP5637 Oct 2013 #28
Well it beats the past policies of Kill the Poor! MarchemintotheSea Oct 2013 #3
you forgot kenyan muslim leftyohiolib Oct 2013 #8
Uh ... Cosmocat Oct 2013 #4
Hah! tecelote Oct 2013 #5
I think you're onto something. After the poor and middle class are carved out they will RKP5637 Oct 2013 #30
Well duh, we been saying it for years! Instead, B Calm Oct 2013 #6
Dear IMF, BillyRibs Oct 2013 #7
So then are they returning to Keynes malaise Oct 2013 #9
Wow! The IMF models must show that things are looking very dire. yardwork Oct 2013 #10
A strong middle class is the strongest indicator of a strong democracy RainDog Oct 2013 #13
Europe is worse off than the U.S. economically. Things are getting bad globally. yardwork Oct 2013 #16
and austerity is to blame RainDog Oct 2013 #20
"A strong democracy" is not a desired goal for the rich... YoungDemCA Oct 2013 #42
"The rich" are not a monolith RainDog Oct 2013 #43
That, is the path we are currently on, countries will definitely fall apart as RKP5637 Oct 2013 #31
In this case, the wealthy and the middle and lower classes are on the same side RainDog Oct 2013 #38
Think it might have anything to do with their recently new Managing Director, Christine Lagarde? MH1 Oct 2013 #11
she claims Adam Smith as her economic guru RainDog Oct 2013 #12
Adam Smith may not be as one-sided and shallow as conservatives make him out to be. MH1 Oct 2013 #18
She speaks out of both sides of her mouth, but at lease she sees two sides. mountain grammy Oct 2013 #19
Don't go thinking the IMF are your friends. From the article: PETRUS Oct 2013 #14
LOL. RainDog Oct 2013 #15
It's noteworthy for sure. PETRUS Oct 2013 #17
what's so weird RainDog Oct 2013 #23
It is pretty weird. PETRUS Oct 2013 #26
I wonder what kind of shit they're getting RainDog Oct 2013 #27
"and fight against growing income inequalities." << also an important clause of the statement MH1 Oct 2013 #22
Sorta PETRUS Oct 2013 #25
Oh no, she's French. Back to stupid "freedom fries." mountain grammy Oct 2013 #21
LOL RainDog Oct 2013 #24
That will make the headlines at Faux won' t it? n/t doc03 Oct 2013 #29
I wonder how this will be received on the news here RainDog Oct 2013 #33
Beware of IMF fuckwads. lonestarnot Oct 2013 #32
Kicked and recommended. Uncle Joe Oct 2013 #34
thanks Uncle Joe RainDog Oct 2013 #35
.. Uncle Joe Oct 2013 #36
Oh, that's non-negotiable! kentuck Oct 2013 #39
and they're specifically talking about economic inequality RainDog Oct 2013 #40
This political and economic climate makes for the damndest bedfellows. BluegrassStateBlues Oct 2013 #41
Erasers? RainDog Oct 2013 #44
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