- Posted March 6, 2013 by
Watertown, New York
This iReport is part of an assignment:
- Drug Company,Novatis, Pays U.S. Government $422.5M in Marketing, Kickback, 'Pay to Play' "Fine"
- America- Having Two Jobs Now Necessary to Break Even
- Snow In April In Northern NY? Seriously?
- No Farms, No Food. Right? No Jobs, No Economy? Not Quite True..
- U.S. Government Finances Yet More of China's Technological and Manufacturing Superiority
Austerity- Both Political Parties Wanted the Sequester
Americans deserve better government.
We deserve honest government.
Workers deserve a government that represents them.
Americans were expecting a recovery.
What are we going to get?
You can use the euphemism, "Sequester", if you like. But let's call it for what it is- Stupidity.
Conservatives are celebrating. They see this as 'getting everything they could have hoped for'.
It appears that Democrats wanted these cuts as well.
All along, our representatives,(I call them that loosely), said a Sequester wouldn't happen. They said they only proposed it to scare the bejesus out of themselves and us so they would be forced to act before austere cuts took place. And what did they allow to happen?
Now, they point their fingers at one another and say:
"It's their fault."
What is a Sequester? The dictionary describes it as follows:
Verb- to Isolate or hide away (someone or something): "the artist sequestered himself in his studio for two years".
Noun - A general cut in government spending.
Synonyms - verb. sequestrate - seize - isolate - impound - insulate
1. A condition that is difficult to endure; suffering; deprivation; oppression: a life of austerity.
2. An instance or cause of this; something hard to bear, as a deprivation, lack of comfort, or constant toil or danger
"John Maynard Keynes said in 1937:
“The boom, not the slump, is the right time for austerity at the Treasury.”
Contemporary Keynesian economists argue that budget deficits are appropriate when an economy is in recession, to reduce unemployment and help spur GDP growth.
Economist Paul Krugman explained that a government is not like a household.
Across an economy, one person's spending is another person's income.
If everyone is trying to reduce their spending, the economy can be trapped in what economists call the paradox of thrift, worsening the recession as GDP falls. If the private sector is unable or unwilling to consume at a level that increases GDP and employment sufficiently, he argued the government should be spending more."
The Sequester: Absolutely everything you could possibly need to know, in one FAQ
We've seen what is going on in Spain- 30% unemployment and riots in the streets.
We know what's happened in Europe as a result of a policy of Austerity.
Austerity is what Congress wanted.
And austerity is what they are giving us despite what makes sense or what American people needed.
We deserve better government.