Austerity Myth By John Stossel
Europe's struggles prove that "austerity" fails!
So say the Big Spenders.
With a condescending sigh, they explain that Europe made deep cuts in government spending, and the result was today's high unemployment. "With erstwhile middle-class workers reduced to picking through garbage in search of food, austerity has already gone too far," writes Paul Krugman in The New York Times.