Remain calm! All is well!!
Posted on 03/18/2013 10:33:20 PM PDT by Kaslin
Russia has already loudly protested. It was not consulted by the EU about this move against its citizens.
If there are no guarantees for depositors and investors, the stability of entire economies is at risk. Brussels wants to go austerity one better.
This is a formula for the dissolution of the EU.
A Good Business environment needs one real thing, predictability. They have to be able to factor in the costs of doing business as far into the future as they can.
When a government starts throwing out all kinds of mandates (pass it before we know whats in it) and then come like a thief in the night to steal 10% of your capitol, then that will destory the ability of business to be able to plan and grow.
Besides, do they think stealing 10% from a business will create more jobs?
Bunc of fools.
Punishing the productive to support the freeloaders. Face it this is all because they refuse to kick abled bodied people off the dole.
Next to cutting social services and forcing people into poverty for the sake of the banks, this has got to be the dumbest idea EU politicians have come up with. In the face of public fury, they’re trying to disown their own Frankenstein.
If this is what it takes to keep the EU alive, Europe is better off without the EU.
They need to cut welfare, they need to get people off the government payroll
People in Europe keep paying more in taxes and are receiving fewer benefits and services.
Politicians going down this path will be thrown out of office in the next election.
Europeans are fed up with austerity.
Remain calm! All is well!!
The problem is not austerity. When you are overspending, you need to cut the spending until you stop running deficits. Mind you, deficits should not have been allowed in the first place.
The problem is that European politicians chose stability over financial responsibility, using nail clippers when they needed to use hedge clippers. Now that the politicians are willing to use hedge clippers, to get their house in order, they now need a neutron bomb.
They are about ten years too late to really do anything without pain.
tab for later
very tersely written,
this is simply the objective truth.
“austerity” is such a stupid word.
If you don’t keep deficit spending forever, they call it “austerity”
Willie Sutton was asked why he robbed banks and he replied “Because that’s where the money is.” Guess where the money is today? In taxpayers’ bank accounts. Never mind that they already got $750 billion TARP money.
A moderate amount of deficit spending to stimulate job growth is acceptable.
Inflicting massive pain on millions of people with no prospect of an economic recovery in sight is a cruel joke. People might put up with it if there’s light at the end of tunnel.
But if you’re to going drown after all after fighting to keep your head above the water, it makes no sense at all.
I welcome you to give up a third of your income to the government and then tell us this is for your own good. Massive tax hikes are deeply unpopular in Europe and they will not balance any budgets there.
Government spending does not help the economy, it is a hindrance to economic growth. The bigger the government the smaller the freedom.
For every dollar government takes out of the productive sector or inflates the currency it puts less than half back into the unproductive sectors as “stmulus”, how anyone thinks that is a benefit I will never know.
This is nothing but a death spiral, there is no light at the end of the tunnel, the tunnel will have a dead end and a cave in.
I agree.
Rational budget cuts are sound.
But killing the economy with massive tax increases discredits neo-liberal economics.
The markets are not happy because there’s not the right kind of fiscal discipline and the markets are not happy because there’s no economic growth to allow massive debt to be painlessly repaid.
Europe is caught up in a proverbial Catch-22.
Socialism does not, and can not work. One, human nature gets in the way, and two there is not enough money in the world to support it.
When you rob Peter to pay Paul, eventually Peter quits working and saving.
As someone once said, a government big enough to give you everything is also big enough to take everything.
“It’s seizure of property without due process in order for politicians to save a system for which someone should go to jail.”....
Coming to a city near you very soon. The demodummies want YOUR money just like the Greeks did of their people. Be prepared for something very similar happening right here.
(Take the gun control issues being pushed all over the place for starters)
Do you think they are actually TRYING to create jobs? I find that very hard to believe. It is like believing that a surgeon who randomly chops off body parts is trying to prevent blood loss. Can he actually be that mad?
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