Austerity Comes to America

Gerald Friedman, Center for Popular Economics: Even while scholarship has exposed the fallacy of austerity economics and this news has reached wide audiences, the US government is embracing austerity's policy prescriptions.

http://www.truth-out.org/news/item/16522-austerity-comes-to-america



Five Reasons Why Austerity Hurts Today and Will Even More Tomorrow

Kristina Chew, Care2: Austerity is not only harmful in the present, but can inflict long-term damage on people s pockets, psyches, livelihoods and lives.

http://truth-out.org/news/item/17003-five-reasons-why-austerity-hurts-today-and-will-even-more-tomorrow

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Why Austerity Kills
http://www.commondreams.org/video/2013/06/04

Ending the Global ''Race to the Bottom''
http://www.commondreams.org/video/2013/06/04-0

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Federal regulations make Americans 75 percent poorer

OpenMarket.org
by Hans Bader

06/25/13

Federal regulations have made you 75 percent poorer,' and as a result, 'U.S. GDP is just $16 trillion instead of $54 trillion,' says an article in Reason magazine. It cites a study that finds that as a result of growing regulation, 'the average American household receives about $277,000 less annually than it would have gotten in the absence of six decades of accumulated regulations, a median household income of $330,000 instead of the $53,000 we get now'...

http://tinyurl.com/pfunyr7


Informant: Thomas L. Knapp



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=US+government
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=regulations
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=race+to+the+bottom
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=austerit
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=poor
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Sanjay+Basu
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Kristina+Chew
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Hans+Bader
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