Wednesday, October 19, 2011

Austerity Forever

On repeat here, but if the deficit fetishists actually cared about the deficit they'd understand that the best way to get rid of it is economic growth. There is no evidence at the moment that the deficit is having any negative impact on economic growth through higher interest rates, so the lack of growth is due to something else. Fix the economy, fix the deficit.

But they don't care about the deficit, the care about cutting spending. They don't care about cutting spending on freedom bombs and perpetual war everywhere, they care about cutting spending for old people and poor people. They aren't noble fiscal hawks, they're just bad people who enjoy the suffering of others.