The Mudcat Café TM
Thread #148531   Message #3449556
Posted By: Jack the Sailor
08-Dec-12 - 08:06 PM
Thread Name: BS: Austerity does not work UK
Subject: RE: BS: Austerity does not work UK
In the USA, Go back to Clinton era tax rates, simplify the tax code and encourage the purchase of more US made goods.

Yes, we would all have to sacrifice and show more patriotism. That is the one thing we have not been asked to do.

In the UK? I don't know, your banking system is too big and powerful for the size of the country. You would have to muzzle them before you could get anything done.

Your country certainly cut too much. But if you hadn't, the stimulus spending would have had to be on things that stayed in the country. Do EU agreements even make that possible? You may have to convince Germany to lose some control and endure some inflation. Good luck with that.