The deficit scare is about stampeding people into giving up what they have. It is about handing over democracy to the 1%.
Krugman, The Austerity Agenda.
So the austerity drive … isn’t really about debt and deficits at all; it’s about using deficit panic as an excuse to dismantle social programs.
… The big question here is whether the evident failure of austerity to produce an economic recovery will lead to a “Plan B.” Maybe. But my guess is that even if such a plan is announced, it won’t amount to much. For economic recovery was never the point; the drive for austerity was about using the crisis, not solving it. And it still is.
Have you noticed that people who are screaming up the terror over deficits are the very same people demanding tax cuts for the rich, no cuts in military, cuts in the minimum wage, selling off public assets, etc?
These people just say stuff, they just lie. They have their own agenda, and it is about tricking people and enriching themselves. Don’t listen, never even give them the time of day.