Left Blaming Austerity for British Riots
Leftists are lining up to blame the riots that began in London last week after the fatal shooting of a man by police but quickly spread to other parts of Great Britain in the days thereafter on the austerity measures that have supposedly been implemented by the Liberal-Conservative Government. That is “supposedly” because whereas cuts have been planned, most have yet to be enacted. Writing | Read More »
Where’s the Democrats’ Plan?
Senate Democrats have threatened to block Speaker John Boehner’s $917 billion deficit reduction plan that would raise the nation’s debt ceiling by a similar amount this year. Just what budget cuts are they willing to accept? Republican House budget committee chairman Paul Ryan‘s budget achieved more than $6 trillion in deficit reduction over the next ten years. All House Republicans voted for his budget in | Read More »
Is Austerity Failing?
n his latest New York Times column, economist Paul Krugman criticizes the “pain caucus” in Europe, notably the European Central Bank (ECB), for insisting that sound money and balanced budgets will somehow fix all of the continent’s fiscal woes. Austerity, he argues, is failing and American policy makers would be ill advised to repeat it in their own country. Krugman’s column is unfortunately so filled | Read More »
, Great Britain
, Margaret Thatcher
, New York Times
, Paul Krugman