What's The Point Of Austerity Again?

This from "Business Insider" - once again, the "Very Serious People" are PROVEN to be FRAUDS. It seems the only purpose of "austerity" is to PUNISH the POOR! To punish those who actually work, who are old, who are students - but, not RICH students, and various minorities who can use some sort of assistance to help them along, to help them "integrate" into society. (Hasn't anyone else noticed that folks "assimilate" when they are doing well enough to have some security, when they have a stake in society?) Please follow link to original
--------------------------------------

What's The Point Of Austerity Again?

So now we know: Not only does austerity not help the economy, it doesn't even help governments get out of debt, as Greece's and Spain's latest horrific numbers confirm.

The governments have been cutting spending, and deficits have gotten worse.

So, what's the point of austerity again?

If the point is to improve a country's fiscal situation it's an obvious failure.

Up next: we all pretend to be shocked when UK deficits come in higher than expected.

Read more: http://www.businessinsider.com/whats-the-point-of-austerity-again-2011-4#ixzz1KkcF8VIE