Wednesday, September 26, 2012

SUPPORT PEOPLE OF GREECE AND SPAIN IN REJECTING BANKRUPT POLICY OF AUSTERITY

If I were in Spain or Greece today, I would be joining the protesters against any further implementation of the crazy and discredited Germanic-inspired economic policy of "austerity." 

Helena Smith reports on Greek demonstrations for The Guardian online.  Writes Smith:

"Hundreds of thousands of anti-austerity protesters took to the streets of Greece on Wednesday as the country was paralysed by a general strike in the first mass confrontation with Athens's three-month-old coalition government.
In one of the biggest demonstrations in the capital in recent years, as many as 200,000 marched on the Greek parliament, according to unions in the public and private sector, which called the strike to oppose new wage and pension cuts – the price of further rescue funds from international lenders."

No economists, other than maybe crazy Republicans in the U.S., would subscribe to a policy of cutting government jobs and pensions in an attempt to foster economic growth and prosperity.  Spain and Greece are mired in a deep recession, maybe even a depression.  Now is not the time to impose cuts on people's salaries and benefits.  Now is not the time to put government workers out of their jobs.

Stop this insane and cruel policy of austerity.  Enough of this madness!

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