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

“The Austerity Trap”: What Raising The Medicare Eligibility Age Really Means After a campaign in which Republicans attempted to pillory Barack Obama for finding $716 billion in savings from Medicare (via cuts in payments to insurance companies and providers but not cuts to benefits), those same Republicans now seem to be demanding that Obama agree to cuts in Medicare benefits as the price of saving the country from the Austerity Trap, a.k.a. fiscal cliff. Oh, the irony! You’d almost think that they weren’t really the stalwart defenders of Medicare they pretended to be. And there are ...

A little bit, kim. although they're going to still come back, i assume with the cuts, spending cuts campaign. is there a danger here that ryan and romney will fall into the austerity trap. instead of pushing growth, as james stressthey'll talk about spending cuts and shrinking government and for a lot of the swing voters, that's not the message that they want to hear. what they want to hear, how are you going to improve my life, my circumstances and give me more opportunity? >> yeah, and that's exactly what the democrats are going to try to do to them. they're going to present them as the down...

A little bit, kim. although they're going to still come back, i assume with the cuts, spending cuts campaign. is there a danger here that ryan and romney will fall into the austerity trap. instead of pushing growth, as james stresethey'll talk about spending cuts and shrinking government and for a lot of the swing voters, that's not the message that they want to hear. what they want to hear, how are you going to improve my life, my circumstances and give me more opportunity? >> yeah, and that's exactly what the democrats are going to try to do to them. they're going to present them as the down...

A little bit, kim. although they're going to still come back, i assume with the cuts, spending cuts campaign. is there a danger here that ryan and romney will fall into the austerity trap. instead of pushing growth, as james stressthey'll talk about spending cuts and shrinking government and for a lot of the swing voters, that's not the message that they want to hear. what they want to hear, how are you going to improve my life, my circumstances and give me more opportunity? >> yeah, and that's exactly what the democrats are going to try to do to them. they're going to present them as the down...

.robert reisch saying at president should make it clear he won't follow america into an austerity trap of slower growth and higher unemployment. what is happening in europe, is it a lesson for those of us in the united states? >> david cameron is elected in may 2010 and introduces through his treasure sect a series of draconian cuts. 25% is cut from public housing. 25% frrs all nonhousing. and guess what, the british gorveths the british nation has just collapsed back into recession. the second quarter and there's a prediction there's going to be a third quarter of contraction, as well. a doub...