Austerity trap?

Northern Maine · By: **Northern Maine** On: Fri Dec 07, 2012 5:18 pm

http://www.foxnews.com/politics/2012/12 ... rity-trap/

Black_And_Blue · By: **Black_And_Blue** On: Fri Dec 07, 2012 7:23 pm

"death spiral"

as taxes go up productivity declines and tax revenues fall.

lsayre · By: **lsayre** On: Fri Dec 07, 2012 7:36 pm

The real Austerity Trap will occur to those receiving paychecks from the government when the government runs out of other peoples money. Check this out. The government currently spends $168 per day per family on welfare, but the average working family in the USA earns only $137 per day.

http://www.weeklystandard.com/blogs/wel ... 65160.html

Coalfire · By: **Coalfire** On: Fri Dec 07, 2012 8:05 pm

lsayre wrote: Check this out. The government currently spends $168 per day per family on welfare, but the average working family in the USA earns only $137 per day.

http://www.weeklystandard.com/blogs/wel ... 65160.html

So that is why the wroking class doesn't have any money, they keep working. Silly them don't they know you have to stop working to make money :lol:

Eric

Austerity trap?

Austerity trap?

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Re: Austerity trap?

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