Chancellor of the Exchequer George Osborne: The austerity beatings will continue until morale improves While debating how much austerity outside of the magic no-budgetary-impact spending on the Pentagon to enact, the United States could take a lesson from, well, from the rest of the developed world. The relative lack of austerity in the US compared to Britain and the rest of Europe led to better economic performance (and it’s important to say “relative,” because US fiscal policy turned negative for growth at the federal level in 2010, and at the state and local level it’s been full-speed ahead for austerity since 2008).
Continued here:
Austerity Still Taking a Bite Out of Europe
