Trickle-down austerity is creating a “vicious cycle” of recessions

2 posts / 0 new

A few days after a retiree walked up to the Greek Parliament building and shot himself in the head to protest trickle-down austerity measures – the ousted Prime Minister of Greece is speaking out against trickle-down austerity as well. Last fall – Greek Prime Minister George Papandreou was kicked out of office and replaced by a bankster when he called for a nationwide referendum to let the Greek people vote to decide if they wanted to take more trickle-down austerity measures in exchange for a bailout.

Now – in an interview with the Huffington Post – Papandreou slammed ongoing austerity, saying they are creating a “vicious cycle” of recessions by cutting spending – thus leading to slow growth – and lower revenue coming into the government. He’s right – trickle-down austerity is Voodoo economics – and it’s causing enormous pain and suffering for Greece, which has seen its suicide rate jump 40% since the age of austerity began.

Thom Hartmann Administrator's picture
Thom Hartmann A...
Joined:
Dec. 29, 2009 10:59 am

Comments

Recessions are times when the very wealthy are able to gain more wealth, and destroy the government run social welfare and entitlement system. So the recessions are a selling point, a feature for conservatives. 40% more suicides are a good thing for conservatives.

Phaedrus76's picture
Phaedrus76
Joined:
Sep. 14, 2010 8:21 pm

Currently Chatting

Why the Web of Life is Dying...

Could you survive with just half of your organs? Think about it. What if you had just half your brain, one kidney, half of your heart, one lung, half a liver and only half of your skin? It would be pretty hard to survive right? Sure, you could survive losing just one kidney or half of your liver, but at some point, losing pieces from all of your organs would be too much and you would die.

Powered by Pressflow, an open source content management system