aus·ter·i·ty. noun \ȯ-ˈster-ə-tē, -ˈste-rə- also -ˈstir-ə-\
…the measures taken by governments to reduce expenditures in an attempt to shrink their growing budget deficits.
I would like to direct your attention to a few particular phrases in the article linked below. The first of which is “European style austerity measures”. What they are indicating with this phrase, is that our ‘painful and indiscriminate” budget cuts are completely meaningless, just as the “austerity measures” attempted in Europe are completely meaningless.
Next up – “No one wants them;”. This is a clear indication that the message of the Tea Party from 2009, is completely dead. That no one, inside or outside of our nation is hearing our grievance, is disheartening and shows an utter lack of ability to message on our part. We’re losing to the Imperial Media.
Finally, comes the most damning of the phrases, which clearly illustrates our destiny of failure and collapse: “Exempt are welfare programmes for the poor and vulnerable…”. Without meaningful reductions to our entitlement spending, our nation is doomed. If we can’t figure out how to make $85B in cuts to completely discretionary spending, we are utterly, and hopelessly, doomed. On a positive note, the title of the linked article, “Austerity America: The United States Face An Uncertain Future” indicates that foreigners still see us as the nation we were designed to be, free & independent states, confederated around a common purpose and belief in individual sovereignty and liberty. That nation is doomed.
The munificence of Uncle Sam may suddenly be diminished as of late tomorrow night when a slew of painful and indiscriminate government spending cuts are due to come into effect. America, land of the free-spenders, is about to get its first taste of European-style austerity.
A product of the failure of Democrats and Republicans to agree on a prescription to cure the country’s deficit disease, the cuts – $85bn by the end of this year and $1.2trn over 10 years – are due officially to come into effect at midnight tomorrow. No one wants them; no one seems to know how to avert them. A nation has been left to stumble blindly into unknown fiscal territory.
For its part, the International Monetary Fund warns that, if fully implemented, the reductions will trim about half a percentage point off the country’s economic growth rate in 2013. All across the US, interest groups and industries are warning of particular areas of calamity. Farmers, for instance, are predicting the “first widespread shortage” of meat, poultry and eggs in decades because of cuts to food inspection teams.
The impact will not become clear all at once but, without a political truce soon, it may quickly become unmistakable. Exempt are welfare programmes for the poor and vulnerable and military salaries. But everywhere else, government will be forced to pare back on budgets. First to feel the brunt may be federal workers who will be asked to take furloughs – periods at home without pay – starting 30 days from today.