[algernonpj]

I’ll bite. How are increased taxes ‘austerity’?

[SeekAndFind]

NATIONS WITH HIGHER CREDIT RATINGS THAN THE USA:

1. Australia
GDP: $1.2 trillion

Debt: $276 billion, or 22 percent of GDP

2. Austria
GDP: $377 billion

Debt: $263 billion, or 70 percent of GDP

3. Canada
GDP: $1.6 trillion

Debt: $1.3 trillion, or 84 percent of GDP

4. Denmark
GDP: $310 billion

Debt: $138 billion, or 44 percent of GDP

5. Finland
GDP: $239 billion

Debt: $116 billion, or 48 percent of GDP

6. France
GDP: $2.6 trillion

Debt: $2.2 trillion, or 84 percent of GDP

7. Germany
GDP: $3.3 trillion

Debt: $2.7 trillion, or 80 percent of GDP

8. Hong Kong
GDP: $225 billion

Debt: $11 billion, or 5 percent of GDP

9. Luxembourg
GDP: $55 billion

Debt: $9 billion, or 17 percent of GDP

10. Netherlands
GDP: $783 billion

Debt: $499 billion, or 64 percent of GDP

11. Norway
GDP: $414 billion

Debt: $225 billion, or 54 percent of GDP

12. Singapore
GDP: $223 billion

Debt: $216 billion, or 97 percent of GDP

13. Sweden
GDP: $456 billion

Debt: $181 billion, or 40 percent of GDP

14. Switzerland
GDP: $524 billion

Debt: $288 billion, or 55 percent of GDP

15. United Kingdom
GDP: $2.2 trillion

Debt: $1.7 trillion, or 77 percent of GDP

[all the best]

Stealing less. No contest.

[jcon40]

WOW only 2 choices? Cut spending or raise taxes?

Sick of these kinds of articles....

Yes we need to cut spending and yes we need more revenue and to do that:

We need jobs

To have jobs WE NEED EMPLOYERS

To have employers we need regulatory changes from the Federal, state and local levels

[Iron Munro]

Increased taxes = more money for government to spend.

That is not austerity.