Long live austerity


austerity (Photo credit: 401K)

In french, vive l’austérité . The French and the Greeks rejected continued austerity in sunday’s elections. Francois Hollande will replace Nicolas Sarkozy as President of France. We don’t know yet who will govern in Greece. Even in Germany, the hotbed of austerity in Europe, austerity was defeated in a local election.

Here in the US, the supporters of austerity are Mitt Romney and Paul Ryan. We don’t want to adopt the failed policy of austerity for four more years. The GOP-slowed recovery from the Great Recession during the past 3.5 years has been bad enough without making the situation worse by electing Mitt.