austerity

What Greece's debt crisis has taught us

Submitted by gjohnsit on Wed, 03/23/2022 - 11:19pm

12 years ago Greece went into a debt crisis. Greece wasn't allowed to default on the debt. Instead they were forced into severe austerity.

Okay so I received this email from Our Revolution

Submitted by Cassiodorus on Thu, 08/27/2020 - 8:20pm

(crossposted on Reddit)

Here's the key passage:

The Ruling Elite really don't care what is best for the economy and society

Submitted by gjohnsit on Wed, 01/15/2020 - 2:21pm

Last week the new head of the International Monetary Fund (IMF), Kristalina Georgieva, dropped a truth bomb.

France shows how it's done. Again.

Submitted by gjohnsit on Sun, 01/12/2020 - 3:42pm

Just a few days after the month-long transportation/energy workers strike was joined by teachers, district nurses and lawyers (and the police were going to protest), President Emmanuel Macron’s government began to fold.

Trump voters are about to get what they wanted...good and hard

Submitted by gjohnsit on Wed, 03/28/2018 - 6:15pm

At the risk of stereotyping a bit, Trump supporters are about to get screwed over like they have long demanded to be.
The American social safety net was already horribly underfunded.

However, the real gutting of the social safety net are about to start.

Let Me Catapult This Right Out There

Submitted by Lily O Lady on Mon, 08/29/2016 - 1:17pm

Yesterday while reading, I ran across this little bit of widely accepted propaganda, to whit, "tax relief." Of course progressives will recognize this as the bullshit excuse for tax cuts.

Even the good, sympathetic stuff --

Submitted by Cassiodorus on Wed, 07/27/2016 - 1:37pm

is marked by the wrong presuppositions.

Take for instance Steven W. Thrasher's piece in the Guardian, "If Hillary Clinton loses in November, it won't be Bernie Sanders' fault." Both the piece and its author are sympathetic, or at least it can be said that I am convinced that Thrasher is one of the good guys. However...