Europe rejects austerity, will US?
Robert Borosage, May 11th, 2012
Yet the elite consensus scorns majority opinion. Politicians in both parties tirelessly talk about jobs, but it has become close to unthinkable to propose bold action to put people to work. There is no traction for a common-sense deal that would tie a major near-term program on jobs with a long-term plan to get our books in order.
And excluded from the deficit-reduction agenda is any plan that reflects the public’s priorities. That would protect Social Security, Medicare and Medicaid; invest in education, research and development, and other areas vital to our future. It would pay for that by raising taxes on the wealthy and corporations and reducing our bloated military budget.
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Issues: Austerity, Economic Theory














