Economics is not an exact science. Anyone that claims that they know why we are in the mess we are in today and know exactly what will get us out, lives in fantasy land.<\/p>\n
Just because we do x does not mean that y or z will result. Economist use the SWAG system (Scientific Wild Ass Guess). The best that an economist can give us is a probability of what may happen.<\/p>\n
What one can say though is what actions taken are morally reprehensible. <\/p>\n
The United States and our European allies are facing the greatest economic challenge in our lifetime. Everyone is calling for austerity and sacrifice but it appears that it is to be on the backs of those that are powerless and can least afford it.<\/p>\n
It is morally reprehensible to take funds away from education.<\/p>\n
It is morally reprehensible to take funds away from the sick and disabled.<\/p>\n
It is morally reprehensible to take funds away from those who live in abject poverty.<\/p>\n
It is morally reprehensible to take funds away from our older folks that have paid their dues.<\/p>\n
It is morally reprehensible to take funds away from those who have lost their jobs because of the greed of Corporate America.<\/p>\n","protected":false},"excerpt":{"rendered":"
Economics is not an exact science. Anyone that claims that they know why we are in the mess we are in today and know exactly what will get us out, lives in fantasy land. Just because we do x does not mean that y or z will result. Economist use the SWAG system (Scientific Wild […]<\/p>\n","protected":false},"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,26,11,1428,25],"tags":[],"class_list":["post-55153","post","type-post","status-publish","format-standard","hentry","category-life","category-news","category-people","category-politics-2","category-world"],"_links":{"self":[{"href":"https:\/\/friendburst.com\/blog-new\/wp-json\/wp\/v2\/posts\/55153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/friendburst.com\/blog-new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/friendburst.com\/blog-new\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/friendburst.com\/blog-new\/wp-json\/wp\/v2\/comments?post=55153"}],"version-history":[{"count":0,"href":"https:\/\/friendburst.com\/blog-new\/wp-json\/wp\/v2\/posts\/55153\/revisions"}],"wp:attachment":[{"href":"https:\/\/friendburst.com\/blog-new\/wp-json\/wp\/v2\/media?parent=55153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/friendburst.com\/blog-new\/wp-json\/wp\/v2\/categories?post=55153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/friendburst.com\/blog-new\/wp-json\/wp\/v2\/tags?post=55153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}