Thursday, January 31, 2013

As Predicted, Austerity Policies Send US Economy Downward | Common Dreams

As Predicted, Austerity Policies Send US Economy Downward | Common Dreams
"As warned by experts not cowed by the "deficit hawk" alarmists who dominate the national conversation on the economy, the dip in growth was not the result of "uncertainty" in the private sector or the future demands of public spending obligations, but rather on the contraction of public spending and the tax increases prematurely foisted on low-income and middle class workers in the form of a payroll tax increase that took effect on January 1."