December 2, 2011
Austerity to address depression economics?
I know I am no economist, but I am really wondering how Greek and English austerity is really going to help them recover? How does laying off government workers help an economy that is already shrinking? How does reducing the spending money of the people at the bottom help with that either? I ask, partially because I am watching the European crisis and wondering what will happen next, but also because austerity seems to be the GOP's model for recovery.