{"id":4454,"date":"2012-05-29T06:00:00","date_gmt":"2012-05-29T10:00:00","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=4454"},"modified":"2012-05-29T12:18:44","modified_gmt":"2012-05-29T16:18:44","slug":"what-austerity","status":"publish","type":"post","link":"http:\/\/www.Centives.net\/S\/2012\/what-austerity\/","title":{"rendered":"What Austerity?"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2012\/05\/052912_0252_WhatAusteri1.jpg\" alt=\"\" width=\"640\" height=\"375\" \/><\/p>\n<p>After looking at the data Veronique de Rugy asked: where is this much discussed austerity?<\/p>\n<ul>\n<li>Spain, the United Kingdom, France and Greece are widely believed to have implemented severe austerity measures.<\/li>\n<li>Yet their spending is still higher than pre-recession levels.<\/li>\n<li>In fact, France and the UK didn&#8217;t cut spending at all.<\/li>\n<li>While Italy did cut spending between 2009 and 2010 it increased it by more than what was cut in 2011.<\/li>\n<li>Countries have raised taxes more than they have cut spending.<\/li>\n<\/ul>\n<p>To read a further discussion about how in an age of economic woes, flat spending might be a sign of austerity, why raising taxes is a bad idea, what successful reform actually looks like, and what European countries need to do, click <a href=\"http:\/\/www.nationalreview.com\/corner\/299233\/show-me-savage-spending-cuts-europe-please-veronique-de-rugy\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/www.nationalreview.com\/corner\/299233\/show-me-savage-spending-cuts-europe-please-veronique-de-rugy\">National Review<\/a><\/p>\n<p>Via: <a href=\"http:\/\/marginalrevolution.com\/marginalrevolution\/2012\/05\/how-savage-has-european-austerity-been.html\">Marginal Revolution<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After looking at the data Veronique de Rugy asked: where is this much discussed austerity? Spain, the United Kingdom, France and Greece are widely believed to have implemented severe austerity measures. Yet their spending is still higher than pre-recession levels. In fact, France and the UK didn&#8217;t cut spending at all. While Italy did cut [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4453,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2012\/05\/052912_0252_WhatAusteri1.jpg","_links":{"self":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/4454","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=4454"}],"version-history":[{"count":4,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/4454\/revisions"}],"predecessor-version":[{"id":4468,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/4454\/revisions\/4468"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/4453"}],"wp:attachment":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=4454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=4454"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=4454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}