Truthout
Austerity

Elites Demanding Austerity Also Ignored Housing Bubble
We shouldn't trust the same people who ignored the housing bubble when they tell us we need to more cuts to social programs.

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The Corporate Masters of the Universe
As austerity hit hard in Greece, we elected a caucus of Republicans hell-bent on doing the bidding of American corporate masters and bringing austerity to the United States.

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Needing FEMA
FEMA to the rescue.

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Voluntary Austerity: All Pain, No Gain
Weu2019re creating a situation in which both the private sector and the public sector are trying to slash spending.

On the News With Thom Hartmann: Portugal’s Largest Union Calls for National Strike in Face of New Harsh Austerity Measures There, and More
Paul Ryan waltzes into a soup kitchen after hours without permission to stage a photo op washing clean dishes, and more.

“Global Noise” Protests Against Austerity and Debt Spread Worldwide
Occupy Wall Street targets Goldman Sachs CEO Lloyd Blankfein, other economic elite.

Spain and Greece Are Being Forced to Suffer to Save Germany From High Inflation
There is an easier, more humane way to lessen Spain and Greece's trade and budget deficits.

Revolution, Elections, and Betrayal: Hard Lessons from Egypt
As the new Morsi government negotiates with the IMF, it's clear that - as in the US - elections in Egypt have not responded to citizens' revolutionary demands …

Europe’s Adjustment: The Misadventures of Austerity
Austerity to reduce spending and decrease the need for imports, and liberalization reforms to reduce real wages and promote internal devaluation have been going on for a while in …

Who Owns Detroit?
We Detroiters are now entering a period of turmoil that is quite different in character from the devastation of the last 40 years. The crisis we find ourselves in …