In economics, austerity refers to a policy of deficit-cutting by lowering spending often via a reduction in the amount of benefits and public services provided. Austerity measures are being instituted in the European socialist countries as a trade off for bailouts to finance further debt. As indicated, austerity is socialist term, as socialist countries rely on a system that depends on government control of every aspect of existence.
Since the theft of the $32 trillion from the American people by the international corporate mafia banksters, the socialist insurgents within our government have been mumbling the word “austerity” and looking to see how we react. $32 trillion has been borrowed in our grandchildren’s names and given to the international banksters around the world and, as this is a money scam, those who got the money were the ones we borrowed the money from.
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