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How are those conservative austerity ideas working out?

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http://www.huffingtonpost.com/2013/05/31/eurozone-unemployment-record-high_n_3364881.html

 

 

 


Private companies in the eurozone haven't managed to fill the vacuum created by drastically reduced government spending. In the United States, by contrast, governments have imposed far milder spending cuts and tax increases. Unemployment, at 7.5 percent, is far lower. And consumers and private companies have kept spending, steadily if modestly.

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As a whole, the eurozone is stuck in its longest recession since the euro was launched in 1999. The six quarters of economic decline represent a longer recession than the one that followed the 2008 financial crisis, though it's not as deep.

The U.S. economy, the world's largest, has demonstrated far more resilience. It's grown steadily since the end of its recession in June 2009. And the U.S. job market has steadily improved: The unemployment rate has fallen sharply from a peak of 10 percent.

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Some people will never understand that austerity died with the birth of America the world superpower. Our economy is so interconnected with our government and particularly the military that the sort of spending cuts most conservatives want would be a disaster for the private sector.

 

You can argue, I suppose, that it's a sad state of affairs when private companies depend so much on the government and I don't entirely disagree, but this is simply the reality of the situation as it exists in today's America.

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People would honestly be shocked at how little government they need to live their lives

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Duke Energy just raised your rates by $5000 a month

Free market. ..no govt

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People would honestly be shocked at how little government they need to live their lives

 

i too long for band/tribe societal organization

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One of the greatest myths ever perpetuated by the GOP/Conservatives is that they believe in smaller government.  You won't see them cry about spending unless there is a Democratic President in the White House, otherwise in the words of Vice President Dick Cheney: "Deficits don't matter".  What the GOP actually believes in is less government support for people and more corporate welfare in the form of billion dollar subsidies and tax cuts for big business and their executives.  You know, the Military Industrial Complex, Big Banks, Big Pharma, Big Oil, The Farming Industrial Complex, The Prison Industrial Complex and so on. 

 

Why does the GOP persist in peddling this myth even though it is easily proven to be false time and time again?  Because it works on their low information audience.  In conjunction with giving lip service to social conservatives, the "smaller government" propaganda allows one tenth of one percent of our population to control the rest of society, many of whom are misguided hayseeds dreaming of the day that government will get smaller while passing even more stringent laws to subject all Americans to their evangelical social dogma.  

 

Revenue-Increases-vs.-Spending-Increases

 

http://www.dmperkins.com/2010/02/tax-and-spend-democrats-oh-wait/

 

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People would honestly be shocked at how little government they need to live their lives

 

In some ways, I agree. But I think the opposite is true of the economy. People would be shocked at how much government spending props up our economy, primarily due to defense contractors and such, but also in terms of how many jobs are government jobs.

 

Take the great depression/WWII for example. It was the war that ended the depression. How? Because once we were attacked by Japan, the government started pumping billions into the private sector to build war materials. That lead to those companies hiring new workers to build these war materials, and so on and so forth.

 

That hasn't really ever stopped. After WWII it was the cold war, and even after the USSR collapsed we've maintained our huge military industrial complex. As long as it exists the American economy will depend heavily on government spending. Not entirely, no, but heavily.

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Original hits it on the head, the Military Industrial Complex is real and now a fundamental part of the economy. Before WWII, Americas peacetime Army was barely funded, because the Founding Fathers did not want a real, full time standing army. After WWII we had to have it out of necessity because times had changed.

 

The only way off of this road is to slowly reduce military spending over time, something the Dems are slightly more willing to do - the Republicans can't help themselves from feeding it as much as possible though - not really sure why.

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Well, the house of representatives kept the president and senate from going overboard with the spending, and the economy is improving, so I would say they are working out fairly well. 

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yeah if it wasn't for the plucky house of representatives, america would already be a socialist dystopia

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In some ways, I agree. But I think the opposite is true of the economy. People would be shocked at how much government spending props up our economy, primarily due to defense contractors and such, but also in terms of how many jobs are government jobs.

 

Take the great depression/WWII for example. It was the war that ended the depression. How? Because once we were attacked by Japan, the government started pumping billions into the private sector to build war materials. That lead to those companies hiring new workers to build these war materials, and so on and so forth.

 

That hasn't really ever stopped. After WWII it was the cold war, and even after the USSR collapsed we've maintained our huge military industrial complex. As long as it exists the American economy will depend heavily on government spending. Not entirely, no, but heavily.

 

You are correct about the economy in its current state.  However, it wouldn't take long for it to recover from an absent buyer.  It would simply adapt and do it far quicker than most people on this board would imagine.  It simply an extension of the rejection of "too big to fail" supposition that has gone completely unchallenged in the forum of discussion.

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Small government conservatives are all pretty much that "hippy" kid we all knew in college that supported her alternative lifestyle with daddy's credit card.

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