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Im bordering on being impressed
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<blockquote data-quote="Murdock" data-source="post: 4099911" data-attributes="member: 8536"><p>Oh, well that's that then. I hadn't realised yourself and PROC's other economic titans had already passed judgement on the issue. </p><p></p><p>There are always other options. We could take the option to bring in a wealth tax and increase income tax for higher earners as well as slash the pay of our most overpaid public servants, instead of regressive taxes and cuts that proportionally hit the poorest hardest and are killing domestic spending and thus the economy in general. Coupled with our retarded government's handing over billions of money we don't have to unguaranteed bondholders, we have taken the worst possible option at every step for the last 4 years. </p><p>No country in history has cut its way out of a recession. These policies are going to cause our economy to contract even more, and add to the dole queues, making our ability to pay back our debts even more unlikely. And as we struggle to pay back the IMF and EU, they'll likely call for redoubled austerity measures, which will create a downward spiral that will lead to Greek levels of misery and end with our inevitable default. </p><p>With this mad right-wing orthodoxy dominating the EU, the whole continent is going to be plunged back into recession. But there isn't any other option apparently...</p></blockquote><p></p>
[QUOTE="Murdock, post: 4099911, member: 8536"] Oh, well that's that then. I hadn't realised yourself and PROC's other economic titans had already passed judgement on the issue. There are always other options. We could take the option to bring in a wealth tax and increase income tax for higher earners as well as slash the pay of our most overpaid public servants, instead of regressive taxes and cuts that proportionally hit the poorest hardest and are killing domestic spending and thus the economy in general. Coupled with our retarded government's handing over billions of money we don't have to unguaranteed bondholders, we have taken the worst possible option at every step for the last 4 years. No country in history has cut its way out of a recession. These policies are going to cause our economy to contract even more, and add to the dole queues, making our ability to pay back our debts even more unlikely. And as we struggle to pay back the IMF and EU, they'll likely call for redoubled austerity measures, which will create a downward spiral that will lead to Greek levels of misery and end with our inevitable default. With this mad right-wing orthodoxy dominating the EU, the whole continent is going to be plunged back into recession. But there isn't any other option apparently... [/QUOTE]
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