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This group includes 45 million people with schizophrenia.
Originally posted by Hefficide
reply to post by xuenchen
What right wing propaganda mill did you drudge that nonsense up from? C'mon now.
Originally posted by Willtell
reply to post by Wrabbit2000
Again, you or no one else can name one time in economic history did austerity bring prosperity. It makes things worse
Just the facts mamedit on 1-8-2013 by Willtell because: typo
Originally posted by ColCurious
Wow.
I posted this before... guess I have to post it again.
- Austerity is a tool, and like all tools, it can be used wrong.
(You can't blame a soup plate if you use it upside down.)
- If a nation has to resort to austerity measures, that nation already did something wrong (budget mismanagement; IOW: spending beyond the means).
- Germany already had austerity measures itself. At the right time, in the right proportions.
- Austerity cannot work for an economy, if the most important element is missing: the economy has to create something of real value.
Real value as in: either extracting ressources, or building something that will generate revenue,
like factories/industry that can build products, engineers creating new technologies, or a highly trained workforce.
Originally posted by Willtell
reply to post by xuenchen
Hey, I am a religious guy too; this issue has nothing to do with religion.
The Bible has hundreds of versus that tell people to give to the poor that so-called christian conservatives never obey.
Conservative austerity principles are anti-humanitarian, anti-spiritual and anti-religious.
Look at what the new pope is saying:
Stop being so greedy and tend to the poor.
So your analyses are way off point.
All of this anger at “the rich”…except it isn’t “the rich” at all, it is the Republican “rich”… if you are a “progressive” – you get a pass.
7 out of the top 10 richest members of Congress are Democrats. The wealth of those 7 ($570.3 million) is greater than the total of the lower 40 ($489.8 million), Republican and Democrat.
There are more Republicans on the list, 31 out of 50, and the total of those 31 is greater than the Democrats ($906.16 million to $712.46 million) but the average wealth per member of the 19 Democrats is over $8.2 million more than the 31 Republicans.
Originally posted by Willtell
reply to post by SpaDe_
What did we do in the great depression? I'll answer that myself.
SPENT!
They brought one. And He said to them, "Whose likeness and inscription is this?" And they said to Him, "Caesar's." 17And Jesus said to them, "Render to Caesar the things that are Caesar's, and to God the things that are God's." And they were amazed at Him.
For even when we were with you, this we commanded you, that if any would not work, neither should he eat
Americans' wages are falling, perhaps a reason why pessimism about their personal finances is now the lowest it's been in a decade.
The annual median wage fell in 2010 for the second year in a row to $26,364, a 1.2 percent drop from 2009, and the lowest level since 1999, according to David Cay Johnston at Reuters.
Meanwhile, U.S. households are growing increasingly concerned about their finances with more than 20 percent of adult Americans rating their financial situation as "poor," a Gallup poll finds. That's a larger share than the 16 to 19 percent of Americans who viewed their finances as poor during and after the recession. It's also the highest percentage since 2001, the first year of the survey, according to Gallup.
In some ways, the financial crisis has taken more of a toll on the employed during the recovery. Indeed, Americans' incomes have fallen more during the recovery than they did during the recession. Incomes dropped 6.7 percent during the recovery between June 2009 and June 2011, compared to a 3.2 percent drop during the recession from December 2007 to June 2009, a study from former Census Bureau officials found.
And it will take some time to get incomes back to where they were before the recession. The U.S. median income has declined 7 percent in the last 10 years and while economists expect incomes to rise over the next decade, it likely won't be enough to return to pre-recession income levels, the Wall Street Journal reports.
Originally posted by Willtell
reply to post by SpaDe_
What did we do in the great depression? I'll answer that myself.
SPENT!
On August 5, 2011, after Congress 2011 U.S. debt-ceiling crisis of the United States federal government, the credit rating agency Standard & Poor's downgraded the credit rating of the United States federal government from AAA to AA+. It was the first time the US had been downgraded since it was originally given a AAA rating on its debt by Moody's in 1917.[27] According to the BBC, Standard & Poor's had "lost confidence" in the ability of the United States government to make decisions.