Proved fact: reduced spending in a depressed economy results in a contraction in that economy. Find a macroeconomics article published in the last year using currently available data that can dispute it (hint: you can't - ALL data supports it). The best example is UK because they aren't effected directly by the Euro. Part of the problem in the EU (outside of UK) is their Euro ties.
Keynesians predicted it accurately. They also predicted that US Treasury bond rates would stay low while your side has continuously shrieked since 2006 that the bond vigilantes are about to hit us because of our deficit next week. Treasury rates have never been lower - in fact, they are well below inflation and still selling strong.
Tell me, how is the Finnish economy? And then tell me how small their public spending is. How is Germany's economy and how does their public spending compare to US?
So blah nanny blah blah blah all day long. All you have are your vacuous labels. It's the height of republican enlightenment - applying labels. You're afraid of facts and digging into actual data because your feeble attachment to failed policy might be shattered, so don't face the facts, squint hard and scream loud against them. But that doesn't change reality. It just makes you look silly.
Read the Article at HuffingtonPost
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