Posted tagged ‘State Pension Systems Bankrupt’

If You Want To See Our Future Look At Europe.

April 10, 2013
English: Members of the Socialists and Democra...

English: Members of the Socialists and Democrats in the European Parliament protest austerity measures at the Parc du Cinquantenaire in Brussels, Belgium (Photo credit: Wikipedia)

GOVERNMENT AUSTERITY

Austerity is what they call it in Europe, it means to cut excess or luxury from, which refers to Government budgets. We have many names for it in the U.S., sequestration, fiscal cliff, debt ceiling, etc. The question is who decides what is considered excess. Excess like so many things in politics is in the eye of the beholder, and when politicians have to make these decisions, the outcries of the people who are used to living off this excess carries more political weight than the people who work to produce this excess. So the politicians only option (more…)