The Farce of European Government Austerity

European governments with financial problems always claim they’re exercising austerity.

But 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 and @BusinessNewshole at Twitter.)