Is this the way progressives should have been campaigning?
When Rand Paul says that Social Security is a Ponzi scheme and should be privatized, does that mean that he thinks the private sector does a better job at Ponzi schemes than the government?
The article Britain Details Radical Cuts in Spending, Citing Debt in The New York Times may give a hint at what is going to be happening in countries around the world. It may even come to a country near you after the November elections.
Britain’s Chancellor of the Exchequer unveiled the country’s steepest public spending cuts in decades on Wednesday, sharply reducing welfare benefits and eliminating almost half a million public sector jobs over the next four years as the country seeks to free itself of crushing debt from the global financial crisis.
..
.
The cuts, far more detailed and sweeping than those in many other Western nations, were depicted by the opposition as a reckless gamble that could tip the country back into recession. Ed Miliband, the leader of the Labour opposition, called the five-year austerity plan the “biggest gamble in decades.”
As more and more countries adopt policies like this, then we will finally see who is right and who is wrong about Keynesian economics. No longer will we have to argue about this subject.
The last time this was tried on a massive scale was in 1937. The results of that test were only overcome after a World War. Can civilization survive again after a cure like that?
How are you preparing for the impending test?