June 06, 2013

An idea whose time has gone

Austerity was all the rage and still is in some circles, especially those that favor government by artificially created crisis, like the fiscal cliff, debt ceiling blackmail and the idiotic sequester.

Here are several looks a why austerity in a weak economy is a bad idea and why more people are walking away from it. Note: some of these are wonky but you'll have that some days.

First, it isn't doing that great in Europe.

Second, groups like the Center for American Progress are walking away from the idea of a "grand bargain"/bad deal, something they had previously supported.

Third, here's why they're calling for a reset to the fiscal debate.

Fourth, it makes more sense these days to be an infrastructure hawk than a deficit hawk.

WILL HE LISTEN? Here's E.J. Dionne's advice to the president.

IT'S NOT ALL BAD. WV's high school graduation rate is improving and has now caught up to the national average.


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