"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Why Austerity isn't Enough
"No more austerity! Judging from recent European election results, that's the message presently being shouted at European politicians all over the old continent. It's a mantra echoed across the Atlantic by Americans such as Paul Krugman. Austerity, they argue, isn't just ineffective as a solution to Europe's economic woes. It's also providing, so they say, conservatives with the cover they need to do what they're always wanted to do: dismantle by stealth that most sacred of social democratic cows -- the welfare state."
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