You
keep hearing the media report that European governments with
financial problems are now exercising austerity. But don’t believe
it.
After
all, these are all governments who got into trouble in the first
place for spending too much money buying votes. They are not going to
stop so readily.
The
so-called austerity you hear about, when it’s implemented, comes
from private industry in these nations. Look closely and you see
little if any government layoffs. The politicians themselves get the
same salaries and perks and pensions as before.(See the Earl J.
Weinreb NewsHole® comments.)
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