Austerity Kills: From Greece to U.S., Crippling Economic Policies Causing Global Health Crisis 1/2

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1. Apparently "litwriter100" doesn't understand that all the money that we use in the modern economy doesn't actually exist.  The "money" that we use is just a piece of paper that represents debt.  In America the Federal Reserve Bank (which is neither a Bank nor a federal (ie. governmental) institution) creates money - some printed on paper, most only electronically - as it sees fit, and charges the federal government interest for this "service".  Under this system money is already worth less than it's face value at the moment of it's creation.  As convoluted as this seems, that's what our economy is based on - debt.  Everything revolves around servicing our debt.  When governments go into debt to produce weapons, which have no economic value, while at the same time creating a corporate welfare state, we get this cycle of economic meltdowns.  On the other hand, when the government goes into debt to support education and healthcare and a social safety net, it actually creates future economic health.  Certainly getting rid of the Fed would be helpful to our basic economy, but it's not the panacea that many believe it would be.  The simple logic of making the wealthy and their corporations and banks pay the taxes that they should be paying and following the regulations and rules that successive neoconservative and neoliberal administrations have dismantled would help us to get our economic problems under control.  Gordon Bradley's assertion is correct.
2. austerity is not what's killing the economy, it's simply the result of government profligacy simply put, if you keep spending what you don't ahve, you are going to end up with so much debt and fewer lenders, and you are going to have to spend less the problem is the system we have where we have a few schmucks that call themselves government and we are brainwashed into giving them limitless power bc they r going to "look after us" meanwhile those runnign the gov. ONLY LOOK AFTER THEMSEVLES! 
3. No. That was not my point. I know your point. Thom hartmann explained it very well on YouTube. I agree with you both.
4. Lit100. Try to get at least a basic grasp of economics. 'Spending money that doesn't exist ? '. The central banks have been creating ' money ' out of thin air, in vast quantities, since 2007. Please give me an example of an economy that has ever cut itself to prosperity ? Its a lullaby for stupid people. That's not how it works, but its what they want you to swallow.
5. Austerity kills? That’s like saying tornados kill! “Austerity” means that governments are not spending money they don’t have; money that doesn’t exist. One cannot spend more than one produces indefinitely. Eventually, people will no longer lend you money because you can’t possibly pay it back or because they don’t have it themselves. This leftist mentality is attacking reality itself! It’s like trying to take up a petition outlawing tornadoes! Blame adults who never grew up. Give me! 
6. I love the people of Iceland
7. Wonder how long the Greek and Spanish will take this before they evict these monsters and give them what they deserve.
8. FUCK POOR SOCIAL PARASITES. LET THEM ALL DIE !
9. Globalization is dictatorship of mighty small Weak countries are under dictatorship of Financial Capital professor of economics Zagreb Croatia spoke of Collapse of Neo Liberalism in 2005 at the time everyone thought he is crazy. GREECE is just a tip of Iceberg whole South Europe is same as Greece. Economic crisis in USA is not over USA is on the road to FASCISM.
10. These are reasons why i advocate abolishing the monetary system and create abundance for all people by utilizing technology, knowledge and logic
11. Bankers are taking everything . People need to come together and outcast bankers like if the3y got kooties
12. Excellent comment Justjullie37 !
13. What a shithole planet the Majority of us live on,, as a human species is this the best they can do for us (our rulers) Shame on all the ones that rule over us !
14. headline 2035 bankers convicted for crimes against humanity!
15. Government of the money, by the money, for the money. You swallowed the b/s the millionaire owned media fed you .You voted for it. What did you expect ? Do you believe these psycho predators are looking out for your families ? Where did you get that ridiculous idea ? 'The bestiality of capitalism'. So demonstrably true. When will you wake up ?
16. Greed & corruption trump everything else in this world. Those that have compassion aren't the ones in charge. Humanity has much to be ashamed of, and it's damn time for all of us to realize that our politicians want us to be at each others throats while they rob us blind. Wake up people, don't let them win. It's time for all of us to take back the power. The question is, what is the best way to do that?
17. before you get evicted from the house you (own) destroy it and give the banks nothing but garbage.
18. Austerity is war on the working class.
19. This is not surprising, as there are increasing problems with depression here in Ireland due, in the main, to the austerity being inflicted upon the good Irish people!