EU admits Austerity DOESN'T WORK

[Karma]

Adios Austerity! E.U. Admits Right Wing Policy Of Punishing The Poor Has Failed (VIDEO) | Addicting Info

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some points that stood out to me were:

The rallying cry from the right since the 2008 election ended in a crushing rejection of conservative fiscal policy is that we need to cut spending. But only on unnecessary things like the social safety net of unemployment insurance, Medicaid, food stamps and the like. The military’s bloated budget, however is completely off limits for Republicans and so are eliminating the Bush Tax Cuts, both of which make up a majority of the budget short fall.

This shouldn’t be surprising since that was the entire point of the push for American austerity. By slashing the safety net to ribbons, Republicans can accomplish the dual purposes of weakening, perhaps fatally so, the programs they’ve despised since they were first enacted and weakening the economy further to accomplish Mitch McConnell’s stated goal of making Obama a one-term president. The fact that austerity would devastate the Middle Class and the poor were irrelevant. The Right feels entitled to the unlimited power they enjoyed during the Bush administration and any tactic is permissible to regain it

points I've believed from the start! it's just a glimmer of hope NOW that MORE ppl are starting to realize & AGREE, thanks in large part to things like the Occupy movement as well as seeing the devastation that austerity measures are having in Europe.

The fact is, cutting government spending is not a terrible idea in, and of, itself when necessary. But cutting social services has been proven to be detrimental to a sluggish economy. Cuts should be done with a scalpel, not a hatchet. There are plenty of places to cut the kind of spending that does little to help the economy, like less money towards private contractors. They cost more for fewer results. Again, the Pentagon’s budget is almost half of our spending. We were the only Super Power in the world before we doubled our military spending. It’s safe to say we’ll still be the only one after we cut it back down to size

YES!

What's your take on this?