The Motley Fool Discussion Boards
Politics & Current Events / Political Asylum
|Subject: Re: Galactic irony||Date: 11/16/2012 1:43 PM|
|Author: Goofyhoofy||Number: 1837436 of 1977334|
You referred to Greece, yes Greece, as the "poster child for slashing spending".
I do not think you are ignorant. I do not think you are lying. I think you are insane.
OK. From CafeHayek:
Greece spending, 2009, 2010, 2011: 125, 114, 108. I believe a reduction of 20% is pretty unprecedented.
Spain spending: 2009, 2010, 2011: 485, 480, 468. Ditto, although the reduction is more modest.
You left out Ireland.
Yes, I also left out Portugal. Just didn't think to include them at that moment.
HEY! Want to see a picture of how it's all working?
That terrible socialist Obama! The programs followed by Japan (slipping back into recession?), the Euro area (ditto), and Britain (just coming out of a second recession) look oh so much better, don't you think?
One thing you might notice about the US: steady progress. Slower than the loudmouth Right would like, but then their proposals have done exactly zero when implemented elsewhere. Republicans have been hammering on the deficit for four years, even as the economy has improved, and their prescription has failed everywhere else. How can this be? Does evidence not matter?
Estonia and Latvia. I'm still laughing.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|