Spend! Spend! Spend! So says the NY Times:
Wrong Answers in Britain
…
Britain’s urban wastelands need constructive attention from the Cameron government, not just punishment. His government’s wrongheaded austerity policies have meant fewer public sector jobs and social services. Even police strength is scheduled to be cut. The poor are generally more dependent on government than the affluent, so they have been hit the hardest.
What Britain’s sputtering economy really needs is short-term stimulus, not more budget cutting. Unfortunately, there is no sign that Mr. Cameron has figured that out. But, at a minimum, burdens need to be more fairly shared between rich and poor — not as a reward to anyone, but because it is right…
Read the NYTs…then do the opposite!
Spewing the same ol’ crap. Funny what the NY Times dosen’t see(want to see?) is that the UK has already done all that lefty feel-good social spending crap, bankrupted themselves, and now we see the fallout.
Better not admit failure less the masses catch on.
I’m having Spend, spend, spend, spend and spend.
Here is the austerity plan: Fear*.
It’s a case for Occam’s razor: cut to the white of the bone.
…-
“Markets: ‘The fear factor has reached boiling point today’”
http://www.theglobeandmail.com/report-on-business/top-business-stories/markets-the-fear-factor-has-reached-boiling-point-today/article2133345/
Can I have the spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, austerity, spend, spend, spend, spend, spend and spend?
Ooh! Austerity’s off.
Well, can I have spending instead of the austerity then?
You mean you want spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend and spend?
@Daniel Ream – Nice Monty Python reference. There’s a viral video in there somewhere…
Funny how the NYT goes into Cuts, Cuts, Cuts when it gets into financial trouble but recommends the opposite for other organizations.
No hypocrisy there.
mikeg81 @ 12:21, exactly and well said.
Socialism has taken the “Great” out of Great Britain. It can now be replaced with “Poor”. Poor Britain. Yep that sounds about right.
David Cameron, as a product of the English upper
class, was brought up knowing exactly how to handle
the lower classes: hardness always, justice if necessary. “Rum, sodomy, prayers, and the lash”.
As Wellington said about the ancestors of the
rioters, “I don’t know if they frighten the French, but by God sir, they frighten me!”
And what does the NYT propose if Britain carries out this stimulative spending and the economy does not respond with strong economic growth and the government is then even further in debt and facing default?
A highly-indebted nation carrying out stimulative spending is playing Russian roulette with its future. The recklessness of some of these “experts” is astounding.
I recall shortly into the Harris “Common Sense Revolution”…when CUPE went on strike in protest to cutbacks.
The SOW in charge of CUPE bleated:
“The government has a responsibility to it’s workers”
Silly me….I thought government had a responsibility to provide services to the citizens…and that it’s “raison d’etre” was not solely to provide employment.
Britain: a stupid little country. What Ontario wants to be when it grows up.
Well Krugman still insists what the US needs now is more stimulation. The first program was far too small.
If only we spend a few gazillion more pounds… then when money becomes ‘funny money’ we can all play Monopoly.
Afterwards we can have our cookies and milk, a long nap, only to realize that work means nothing, because the currency as a medium of exchange has been rendered worthless. Its just a way of keeping score.
The elite must need more indentured servants to keep them in the lifestyle they have become accustomed to…
What was it Daniel Hannan said?
http://www.youtube.com/watch?v=TGKkfKhbrDM
Enough bailouts already
Ah, yes ‘we should have lost the Cold War and held the debate in Russia’!!
Cheers
Hans Rupprecht, Commander in Chief
1st Saint Nicolaas Army
Army Group “True North”
I used to think the NYT was run by crazy grownups. Now it’s clear that stupid children are in charge.
Perhaps every poor person, every immigrant, every refugee, every flea bitten criminal in England should simply be hired by the government. The money saved in policing and in the courts will pay most of the salaries of all these new and totally useless civil serpents. … ya … that outta work.
It’s sort of like a national extortion reversal policy … just the sort of thing that would appeal to the liberal mind. … pay off the scum in society to not be so troublesome. They do that now, but there is noting for them to do, but do what all people in a pointless existence do … bitch and squawk all day, then go on a strike (firebombing?) of sorts … teachers do it, other civil service workers do it … why not those dregs who are employed as wards of the state? They too share the pointless, meaningless lives of the unionized state workers .. don’t they? It’s just the working conditions that are different.
Jimson Weed is the new ‘in’ drug at the NYT?
Mike at 2:28 …. they are emulating their spiritual icon Pravda …. they think they are writing for the benefit of stupid children.
Perhaps they are ….
Shorter NY Times: Why settle for wrecking your own country when you can spread the misery world wide!
Do these people spend their way to prosperity at home, in their own lives?
Why doesn’t Sulzberger start giving free money to the homeless instead of giving preferred dividends to the rich? Share the burden more freely between rich and poor will ya’?
correction: instead of freely, read fairly;
Share the burden more fairly between rich and poor will ya’?