Gingrich: austerity wrong for America

[JuliefromOhio]

on MTP this morning.

“First of all, David, I don’t think you’ll ever find me talking about an age of austerity. I don’t think that’s the right solution,” Gingrich said. “I am a pro-growth Republican. I’m a pro-growth conservative. I think the answer is to grow the economy, not to punish the American people with austerity.”

 

[Lukey]

LOL! Newt's a Keynesian? He's all yours now. You can have him.

 

[JuliefromOhio]

perhaps Gingrich noticed that the Brits are suffering from their austerity measures, the measures that repubs want to impose on America....that would hurt us.

 

[Lukey]

Only in the short run (as opposed to keeping the Keynesian good times rolling, in which case you eventually become Greece).

 

[JuliefromOhio]

the Brits are pretty much screwed. austerity -> no growth.

Greece forgot to collect their taxes.

 

[Lukey]

the Brits are pretty much screwed. austerity -> no growth.

Greece forgot to collect their taxes.

Greece raised taxes so high the people refuse to pay them.

 

[888888]

And we have lower them so much we can't afford to pay our bills. Kind of like paying your employees so much you can't pay your overhead.