Republicans are either very bad at economics or have another agenda…
Ignoring the warnings of economists and clear evidence in Europe that austerity would only hold back an economic recovery, Republicans in Washington have pushed for deep spending cuts and other austerity measures. One side effect of those spending cuts is that state and local governments, already facing budget crunches because of the slow economy, have been forced to make even deeper reductions to their own budgets. Hundreds of thousands of public sector employees — teachers, police officers, and firefighters included — have lost their jobs as a result of those cuts.
Must read article by Nobel winning economist, Paul Krugman, on what’s really up with all the austerity…
“The boom, not the slump, is the right time for austerity.” So declared John Maynard Keynes 75 years ago, and he was right. Even if you have a long-run deficit problem — and who doesn’t? — slashing spending while the economy is deeply depressed is a self-defeating strategy, because it just deepens the depression.
Europeans are rebelling against austerity. That’s the read on Sunday’s elections in Greece and France. But why do voters loathe austerity? Perhaps because, as economists have found, efforts to rein in budget deficits can take a wrenching toll on living standards, especially in a recession.
Since economists all know that the way to get out of recession is to increase spending, one truly has to conclude that economic recovery is not the austerity proponents goal….
One aspect of the Eurocrisis that has not gotten the attention it deserves is the way it is destroying not just jobs, but the very underpinnings of society. People who took actions that were prudent at the time are increasingly at the mercy of forces beyond their control. And this isn’t a tsunami-type disaster but a man-made one whose severity is worsened by the callous attitudes of the European elites.
So why exactly isn’t the press talking about this?
The reality of the jobs report isn’t so much that we’re backsliding into another recession (we’re not), but that 1) we were almost entirely unprepared as a people for the depth of the “Great Recession,” 2) there are way too many people leaning on the panic button over the deficit and debt instead of robust spending on job creation, and 3) the corrosive nature of our news media (traditional and digital) and our party politics in this era has allowed the Republicans to sabotage the economy with impunity.
Workers need to fight for better rights before corporations destroy the American Dream:
Research shows that the purgatory of job insecurity may be even worse for you than unemployment. And it’s turning the American Dream into a sleepwalking nightmare. From young temporary workers to middle-aged career veterans, Americans are being pushed to their physical and psychological limits in what has the makings of a major national public health crisis.
Small government didn’t work out so well for Colorado Springs…
As Colorado Springs battles a rash of burglaries after a wildfire that still licks at its boundaries, it does so with fewer police and firefighters.
A police officer directs hundreds of residents of the Mountain Shadows neighborhood, which was heavily damaged by the Waldo Canyon fire, in Colorado Springs. More than 180 National Guard troops have been mobilized to secure the city after the state’s most destructive fire. Photographer Spencer Platt/Getty Images
The city where the Waldo Canyon fire destroyed 346 homes and forced more than 34,000 residents to evacuate turned off one-third of its streetlights two years ago, halted park maintenance and cut services to close a $28 million budget gap after sales-tax revenue plummeted and voters rejected a property-tax increase.
The municipality, at 416,000 the state’s second-largest, auctioned both its police helicopters and shrank public-safety ranks through attrition by about 8 percent; it has 50 fewer police and 39 fewer firefighters than five years ago. More than 180 National Guard troops have been mobilized to secure the city after the state’s most destructive fire. At least 32 evacuated homes were burglarized and dozens of evacuees’ cars were broken into, said Police Chief Pete Carey.