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Thu Oct 9, 2014, 12:20 PMStar Member MannyGoldstein (28,912 posts)When you read "deficit reduction", think "austerity"They are, by and large, the same thing.Now I absolutely understand that there is some political capital to be gained by telling the unlearned that we're reducing deficits.But I think that the preferred situation is to help folks understand that deficit reduction austerity during a depression (for the 99%) helps only the wealthiest, and is a large part of why most Americans continue to struggle six years after the not-guilty-of-anything-whatsoever bankers crashed the world economy while getting the biggest bonuses ever.Austerity not only inherently starves the economy at the time when it most needs the help, it also reduces the demand for workers at the time when demand is already at its lowest. It all results in the vulnerable becoming roadkill.
When you read "deficit reduction", think "austerity"
Obama has crowed about reducing the deficit, but we have not seen anything close to "austerity" in federal spending. He did it mostly through raising taxes and printing money.Deficit reduction is meaningless, because the debt is still going up every single second.
Didn't sequestration have more to do with it? The total extent Obama's involvement was doing nothing to prevent it from happening.
I think they pretty much have done away with any effects of sequestration.
Response to MannyGoldstein (Original post)Thu Oct 9, 2014, 05:00 PMTampaAnimusVortex (328 posts) 23. I actually look at the context of whatever it is being discussed.Just tossing the word austerity around doesn’t imply really anything per se. If I'm on a 5000 calorie a day diet, and say that I'm going on an austerity diet of only 4000 calories, it doesn't meant I'm starving. Context is everything. Usually people use euphemisms to color the subject of the debate in a way they want. Anyone over the age of 10 should be able to see through this stuff, but sadly it goes on anyway. I'm not speaking for or against whatever it is that's your point specifically, only that one tilts language as needed.
Just tossing the word austerity around doesn’t imply really anything per se. If I'm on a 5000 calorie a day diet, and say that I'm going on an austerity diet of only 4000 calories, it doesn't meant I'm starving.
