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View Diary: German Spiegel: "Notes on the Decline of a Great Nation" (317 comments)

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  •  That's just plain deflection. (1+ / 0-)
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    high uintas

    Austerity is America's pet trick. And we're talking about the European Union here, not just Germany. The diarist just talked about Germany because they happen to live there and thus it was used to provide context to the grotesque contrasts between the US and Europe.

    Don't be alarmed: the rest of Europe is just as horrified when it comes to social security in America as Germany is.

    •  Should be looking to Britain during the Depression (0+ / 0-)

      to get a good example of what Austerity on the gold standard does.  But there are plenty of historical examples.

      Last one out of the hard currency gets hurt the worst.  

      Happy little moron, Lucky little man.
      I wish I was a moron, MY GOD, Perhaps I am!
      —Spike Milligan

      by polecat on Tue Nov 27, 2012 at 06:39:49 AM PST

      [ Parent ]

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