by Terrance Heath | Oct 1, 2012 | Blog, Economy
In my previous post this morning, I noted that the U.S. is starting to look a lot like Greece, at least in terms of austerity-driven suicides. This week, Greece's austerian nightmare seems to have metastasized into a full-fledged tragedy. Thousands of Greeks who still...
by Dave Johnson | Oct 1, 2012 | Blog, Economy
We have millions unemployed with millions more underemployed or just gave up looking, our infrastructure is literally crumbling, our trade deficit is horrendous, our "safety net" has eroded below minimum acceptable standards, pensions are cut or gone, the climate is...
by Dave Johnson | Sep 30, 2012 | Blog
Austerity -- cutting government benefits and services -- is not the path to fixing deficits. In fact, economists warn that trying to fix a sluggish economy by cutting government spending will just make things worse. Worse yet, this approach can have damaging effects...