Austerity isn’t a term I’ve heard a bunch before the past few weeks. Is that when government tightens the belt and says, “Welp, we’re all out of money so we need to start cutting services and benefits, soooorrryy” ?
That's the short answer for it, along with "the government has to balance a budget and we are broke."
Biden's staff has already made comments about "the cupboard is bare, Trump left the government broke."
One of the first things his admin are going to do is start cutting entitlement programs and defunding services at the expense of raising taxes on the lower class and probably pushing a COVID relief bill that comes at the cost of defunding social security and/or medicaid.
Yes, but the important thing to note is that money would be still there, it's just not flowing to the people any more, it is flowing right up to the rich.
Austerity isn’t a term I’ve heard a bunch before the past few weeks. Is that when government tightens the belt and says, “Welp, we’re all out of money so we need to start cutting services and benefits, soooorrryy” ?
That's the short answer for it, along with "the government has to balance a budget and we are broke."
Biden's staff has already made comments about "the cupboard is bare, Trump left the government broke."
One of the first things his admin are going to do is start cutting entitlement programs and defunding services at the expense of raising taxes on the lower class and probably pushing a COVID relief bill that comes at the cost of defunding social security and/or medicaid.
Defund the military and police first. Not a single social program cut until the military is defunded entirely. Make this a talking point.
Yes, but the important thing to note is that money would be still there, it's just not flowing to the people any more, it is flowing right up to the rich.
Gotta love when Thatcher did "austerity" but still thought that invading the Falklands was a good use of taxpayer money.