All of Washington is buzzing about the release of competing budget plans to cut the deficit. The whole thing is a bad joke. Last year’s budget deficit was over 1.4 trillion dollars. If you would’ve told me that last year I would’ve thought that was a major problem. However, now I realize that federal . . . → Read More: Balance the Budget with Non-Security Discretionary Cuts? No way!
For those who don’t know, austerity is “a policy of deficit-cutting, lower spending, and a reduction in the amount of benefits and public services provided. Austerity policies are often used by governments to reduce their deficit spending while sometimes coupled with increases in taxes to pay back creditors to reduce debt”.
In the United . . . → Read More: Ireland’s Budget Cuts: A Case Study on the rewards of Austerity