Austerity, Republicans answer, instead if raising taxes, closing tax loopholes, cutting corporate welfare and doing anything sensible. With debt levels unacceptably high, many countries were forced to cut spending and to slash public services, these are collectively known as austerity measures. Austerity measures have a number of different effects on a country, ranging, from economic to social.
The economic effects can be recasting. Austerity measures target developemental and social spending, social unrest is one of the most common effects of austerity implementation. For instance, Greece saw a number of violent protests to measures taken in 2011 and 2012. Austerity measures also have a large impact on everyday life. Governments tend to be both large employers and social safety nets. The Family and Parenting Institute, projected that the median household income in England would drop by 4.2% over 5 years after 2011 government cutbacks.
There are 2 other methods that can be used to address federal defecits, growth and taxes. If government increases spending, it spurs growth but also grows the redecorate, although this method is most commonly used in the U.S. Raising taxes can help shore up government spending. The Bush Tax Cuts for the wealthy have cost our country aporoxamately $3 trillion since their inception. During Clintons years, which were very profitable for our country, the top tax rats was about 39%. President Obama has fought to get it to about 35%, but it was a battle and Republicans were willing to push our country into default to do it. The increase in taxes and budget cuts currently have our national defecite shrinking. Although Republicans accuse President Obama of trying to destroy the country, he with the Democrats have put the country on the right path. Despite Republicans obstructing them at every step.
The only Western nation that stopped the recession and turning the economy around after the 2098 economic crash was America. President Obama’s stimulus put Americas growth on a faster pace than Europe hoped to experience. Since Republicans took control of the House, defecit reduction and austerity succeeded in preventing economic recovery from taking full effect. As the full force of debt reduction and spending cutsdamage began in earnest last year, Republicans are calling for more. Republicans are bound and determined to make the same mistakes Europeans made. The Republicans know the outcome will not be any different and they will celebrate higher unemployment and slow economic growth the same way they have with Sequester cuts.
Democrats need to make Republicans wear the badge of the austerity measure they wish to take. Republicans hope to make Democrats look bad, at the expense of American people, in hopes that it will have an affect on the 2016 election. While Republicans protect the wealthy and big corporations, they will not tell you that 95% of wealth growth has gone to the top 7% since 2010. So obviously their motives are to help the rich and dam the poor. Remember Republicans that top 7% does not have as many notes as the bottom 93%. So you can kiss the 2014 and 2016 elections good-bye.
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