RON PAUL “PLAN TO RESTORE AMERICA”
“$1 trillion of austerity in his first year in office. The U.S. GDP in 2010 was $14.58 trillion. Cutting $1 trillion would push GDP downward by more than 6.5 percent without even counting any multiplier effects. By comparison, GDP shrank by 8.9 percent in the worst quarter of the recent recession. In a fragile economy like this one, Paul’s sudden austerity is sure to throw the country into another recession, causing an enormous number of job losses. Combined with his inflexible monetary policy, Paul’s austerity would be an absolute disaster for employment and production”. - Matt Bruenig
Like every other country ever is protesting against austerity.
Meanwhile… a bunch of libertarians are support it. In a fucking recession.
Wow….
Notes
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Conservatives in this country are so solipsistic it is mind-boggling. Europe has tried austerity, it has just made...
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There’s no winning with some people. We have a bigger national debt than ever. Something needs to be done. I can’t think...
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pieceinthepuzzlehumanity reblogged this from anticapitalist and added:
Hopefully his plan doesn’t involve a race war…
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