Austerit Austerity News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Our party and the other parties. but at some point we got to do some governing. >> professor peterson, i mean has the gop just given up on being a governing party and just say we're going to -- have they just given up altogether on being part of the governing and making this country work? >> i'm not sure what the long term political gain of that, but it's clear that if this sequestration goes through on friday, it looks like it will, it's the beginning of an era of us astart austerit austerity in states. remember, this is such an abstract concept when put in place at the debt ceiling talks. it...

Bond sales to write down spain's debt went well. >> we are getting indicators that it's slowly adjusting. start to turn in the coming quarter. >> greece might be building on a couple of years of austerit austerity. the country is qualifying for e.u. bail-out money. 2013 is bringing more protests. young and old in athens. unemployment in greece is higher than spain. and pensions are slinking. >> we are rapidly going backwards. far backwards. the only battle is the battle on the street. >> greece is trying to keep a lid on things. mass transit strike in the second week. officials say they will j...

Candidate wishes to pursue -- austerit austerity. and guess what, the economy's dipping. why aren't these people looking at that and saying, hang on a second, there's the experiment. there's your hypothesis, it's not working. >> there's the petri dish. and i think the obama administration is looking at it -- >> but not the republican presidential candidates. >> that's why, honestly, martin, i don't think once they have a candidate they are going to get elected. because i think their message is not the right one. you cannot have extreme austerity. it's not working in the uk. on the other hand, ...

Austerity based. please spaexplain that. >> well, i think paul krugman, our nobel laureate, columnist at "the new york times" said it well last week when he talked about, you know, how we're focusing too much on our concerns about debt and overleverage at the federal government level. now, i'm not quite as extreme in my views as paul krugman. i do think that the cuts in the military that you talked about earlier in the show, the probable extinguishment of the bush tax cuts, which will help resolve some of the budget deficits, are an important way to begin showing fiscal responsibility in this ...

Austerit austerity. and guess what, the economy's dipping. why aren't these people looking at that and saying, hang on a second, there's the experiment. there's your hypothesis, it's not working. >> there's the petri dish. and i think the obama administration is looking at it -- >> but not the republican presidential candidates. >> that's why, honestly, martin, i don't think once they have a candidate they are going to get elected. because i think their message is not the right one. you cannot have extreme austerity. it's not working in the uk. on the other hand, not being -- being totally fis...