S**C
发帖数: 2964 | 1 Ireland is THE poster boy for the extreme austerity measures during this
crisis, and their debt-to-GDP ratio before this crisis is 25%, better than
pretty much everybody, how about now? Now it's pushing towards 100% with
this year's deficit alone projected to be 32%.
http://www.ntma.ie/NationalDebt/debtGDP_trends.php
http://news.yahoo.com/s/time/20101116/wl_time/08599203153600
Anybody surprised by this? Since when an austerity plan get a country out of
financial crisis? We have contrary examples in the 1930s, and late 90s. And
now Ireland. It will happen to the UK in short order. Thanks Ben, an
excellent scholar of the Great Depression, the US did not go down that path,
at least not yet.
But hold your breath, the idiots in Washington may have it play in theater
near you. |
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