Chains of Austerity

[Valin]

The American Spectator:

 

Paul Krugman and friends struggle to take back the American Dream.

Thirsty McWormwood

6.20.12

 

The professional left has a new word to symbolize all that is bad and wrong with contemporary politics. Joining such past and present favorites as "Nixonian," "neocon," "crypto-fascist," "lock-step" and "Koch," we now have… "austerity."

 

Anybody who attended the Take Back the American Dream conference in D.C. this week, a left-wing version of the right's annual CPAC event, could not miss the disgust and fear that the mere mention of the "A" word caused.

 

(Snip)

 

As far as many were concerned, the U.S. had already tried the politics of austerity and they had only made things worse. As the fine folks at Reason magazine and others have pointed out, this is patent nonsense as the country has never stopped spending.

 

(Snip)

 

 

I've got some real bad news for our friends on the Left...austerity is coming, and fairly soon. I mean real austerity not the cut in the rate of growth kind, but real actual major cuts. So the question is, will this be a hard or soft landing?