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austerity

Stimulus vs. Austerity: the Verdict

Wednesday, May 22, 2013 at 5:27 AM
Written by Anthony L. Hall

No doubt you recall that conservative economists were warning in 2009 that President Obama’s stimulus package would lead to a double-dip recession and trillion-dollar deficits in perpetuity. His stimulus measures were aimed at boosting economic recovery by, among other things, increasing government spending on everything from infrastructure to unemployment insurance. But Republicans claimed that, by implementing… Read more.

Illustrating the cut-off-nose-to-save-face nature of economic austerity

Saturday, May 11, 2013 at 7:12 AM
Written by Anthony L. Hall

Disaffected and disillusioned voters were throwing out nine European leaders who prescribed austerity measures as the bitter pill to cure their ailing economies and manage their  debt crisis. Nowhere was this demonstrated in more foreboding fashion for Sarkozy than in Greece with the unceremonious fall of Prime Minister George Papandreou last November. After all, Sarkozy was not… Read more.