Time for a reblog of this, lest anyone fall for the increasing ‘recovery is good for all’ propaganda.
One of the right’s favourite put-downs of any argument against spending cuts is ‘there’s no magic money tree‘. On Twitter, on blogs, on Newsnight, Question Time and any other forum for discussion of deficits, spending, economics and austerity, you’ll hear this phrase trotted out with wearying regularity. It’s usually accompanied by a condescending smile that implies that the speaker is living in the ‘real world’, while his/her opponent is some poor, deluded idealist with no idea of what’s really going on in the big bad world.
Well, a very interesting article in The Guardian showed just what is going on in the big, bad world – and it’s really very bad news for the pro-austerity, pro-tax-cut, anti-welfare brigade. That is, if the majority of people ever understand just what it means. Of course, the above-mentioned brigade is rich and well-funded enough to spend a lot of money trying…
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