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When they cut spending, raised taxes (!) and went through years of economic pain
User account number (aid): 3 Site Supporter
Posted by DC Warrior on 2012-06-11 11:52:22

In Reply to: Sweden in the early 1990s? posted by Fantomas on 2012-06-11 10:31:28

But in the end it was a good thing, since they were able to swing the balance of trade to become an exporter.

http://krugman.blogs.nytimes.com/2011/03/29/two-faced-sweden/

http://www.telegraph.co.uk/finance/economics/8047391/Recession-lessons-from-history.html

Note that at the END of their austerity, government expenditures were just below 60% of their GDP. And they have higher taxes than us too - so much so that the right USUALLY says Sweden is a socialist lefty bunch who we SHOULDN'T follow. http://en.wikipedia.org/wiki/Government_spending

Do I agree that at some point we should cut spending and raise taxes? Yeah. We aren't there until the economy starts growing, though. Getting very impatient with the way the right throws out stuff like this that just don't support what they are trying to say is true.

All I can say is, if Sweden is the best example of austerity the far right can come up with, to be like them, we'd have to INCREASE both spending AND taxes. Great job, guys, really.

some information

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Lle naa haran e' nausalle.

Thread:

What a bad week for Obama. - gsw_hoops 2012-06-10 15:56:46 (71 views)

very interesting that the worst economic news is coming because Europe is heading down the drain - DC Warrior 2012-06-10 17:10:38 (76 views)

We know austerity isn't working, so what we need is more austerity. - The Big Rebounder 2012-06-10 19:27:00 (35 views)

Only austerity will work, so what we need is more austerity. - gsw_hoops 2012-06-11 04:53:13 (58 views)

only sanity will work - Max 2012-06-11 21:00:39 (43 views)

LOLLLLLLLLLLLLLLLLL HONKYEXONOMIST FROM SJSU IN THIS MOTHERFUCKER - bluewirе 2012-06-11 10:59:23 (63 views)

This is not true. Please stop repeating lies. Thank you. - nomad 2012-06-11 08:04:40 (32 views)

Austerity has driven every country that tried it into a double dip recession. - The Big Rebounder 2012-06-11 07:43:51 (32 views)

When has austerity worked to bring a country out of a recession? Examples please. - DC Warrior 2012-06-11 07:33:04 (49 views)

Sweden in the early 1990s? - Fantomas 2012-06-11 10:31:28 (43 views)

When they cut spending, raised taxes (!) and went through years of economic pain - DC Warrior 2012-06-11 11:52:22 (47 views)

lol - Thelonious Dunk 2012-06-11 13:22:33 (53 views)

I have said it before: A 2 party system can't afford to have one side go insane. - Fantomas 2012-06-11 23:50:40 (40 views)

He did indeed have a bad week. - altamont 2012-06-10 16:06:29 (47 views)

Between two wars and horrible fiscal policy for 8 years of under Bush, the depth of how FUBAR things - playmaker 2012-06-10 16:23:03 (55 views)

It's between you and BR for "biggest excuse maker". - gsw_hoops 2012-06-10 18:09:40 (50 views)

"For two years the Dems had a veto-proof majority" - The Big Rebounder 2012-06-10 19:36:12 (67 views)

So, because they didn't have a veto=proof majority, - gsw_hoops 2012-06-11 04:54:37 (47 views)

Er, they happened, but they never had the so-called majority you think they did - Flashfire 2012-06-11 06:07:28 (41 views)

Don't forget that Leiberman is an independent and was playing his own brand of hardball. The Dems - BackseatGM 2012-06-10 21:35:30 (41 views)

Yep. How quickly the right forgets that Lieberman campaigned for McCain. - The Big Rebounder 2012-06-10 22:58:43 (31 views)

Fuck you - Flashfire 2012-06-10 18:41:43 (36 views)

And you know Underscore is just sitting there clapping his hands in glee - Flashfire 2012-06-10 16:07:39 (53 views)

yet he voted for Clinton 2x. ie - he's a fucking moron of the highest degree LMAO - jtown 2012-06-10 20:02:32 (37 views)

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