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

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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...
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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.

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Phaedrus76
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Sep. 14, 2010 8:21 pm

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