Thursday, November 17, 2011

Words of the Weasel Part 23

"Austerity". Used to mean reducing spending to the point where it hurt. Going without stuff. Not any longer. Today "Austerity" means tax hikes.
Just the other day a piece about French "austerity" imposed to keep their AAA bond rating. Read the piece, and we find that all the "austerity measures" are all tax hikes.

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