Coming to a nation near you

UK austerity!

Government officials have commissioned an investigation into the explosion in food banks, soup kitchens and school breakfast clubs as fears rise over the impact of austerity on the living standards of low-income families.

The research will examine the extent and effectiveness of emergency food aid, amid concern that increasing numbers of low-paid and benefit-dependent households are forced to use charity food sources.

6 Responses to Coming to a nation near you

  1. imhotep February 25, 2013 at 10:33 am #

    The output (GDP) in Greece is down 20.1%. That’s what happens when high unemployment and austerity are the order of the day. If we follow the Republican plan the economy will get worse, it won’t get better. Economist Milton Friedman and his Chacigo School of Economics has always been wrong.

  2. lless February 25, 2013 at 11:15 am #

    It’s economics. One can’t always be wrong. Trend lines have to cross your marker at some point both rising and falling. You want 100% on matters of economic prediction, go with Charlie Pierce, “Fk the economy. People got no jobs. They got no money!”

  3. jawbone February 25, 2013 at 11:27 am #

    Krugman has been writing about this since the Big $h*t Pile Meltdown.

    Krugman has tried to talk to Obama.

    But the Sinclair Lewis applies here: “It’s hard to get a man to understand something when his salary depends on his not understanding it.” (And this time I didn’t look up the exact quote, so I might be off somewhat.)

  4. imhotep February 25, 2013 at 11:28 am #

    Economics isn’t an exact science, but it’s a science nonetheless. At least looking backwards. “This then this”, or “what worked or failed in the past will work or fail in the future. All things being equal.” Hayekian economics has never worked. Except for the 1%. The Republicans love Hayek, Friedman, and Rand. The science says that they are wrong. Even Pierce, who stole the Rev. Ike’s, “The best way to help poor people is not to be one of them.” simplistic economic viewpoint, knows that.

  5. jawbone February 25, 2013 at 1:41 pm #

    Ack!! UPTON SINCLAIR, not Sinclair Lewis. Apologies.

  6. Izquierdo February 25, 2013 at 3:30 pm #

    Economist Milton Friedman and his Chacigo School of Economics has always been wrong.

    Yeah, I know it’s just a typo, and that everone can and does make them, but I do think that “Chacigo School of Economics” is a better name than the one they actually use on the south side of Chicago. I’d only refine the spelling a bit to “Chachigo”. Sounds more like a barrio street gang, which it probably is.

    But don’t you go around bad-mouthing Charlie Pierce, who knows more about economics than you and Tim Geithner and Ben Bernanke put together.

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