Originally Posted by Asenath
Austerity plans don't work. To improve the economy, you need big, expansive 'Great Society' plans. And those involve investing money instead of tightening up the purse strings.
Yes such as FDR's New Deal which prolonged the Great Depression and rose unemployment even further. When did we recover? When we had massive spending cuts following WWII.
Keynesianism has never worked and never will. Read history, please. Spending cuts are a necessity that people are going to have to accept if they actually want to see the economy improve.
Just imagine all the money we'd save with Rand Paul's non-interventionist foreign policy vs George Bush and Obama's nation-building, civil war-funding, drone strike bombing foreign policies which have the double-sided effect of creating new enemies and new endless wars, which btw, aside from innocent human lives, also cost money.