Some small European states such as Latvia, Estonia and Ireland did manage to re-start their economic growth while
imposing austerity budgets — but only by ratcheting down their wages and prices, via a big dose of unemployment, until their much - reduced costs sparked an export revival.
The NYT asks: «Why
impose an austerity budget that punishes (NYC) when the state has ample budget surpluses?»
Not exact matches
Commenting on the announcement of the draft Scottish
budget for 2013/14, Chris Keates, General Secretary of the NASUWT, the fastest growing teachers» union in Scotland, said: «While the Scottish Government has been placed in a difficult position by the Westminster Government's imposition of its
austerity measures, it is deeply disappointing that the Scottish Government has chosen to follow the Coalition's flawed economic policies by
imposing another year of pay freeze on public sector workers.»
This self -
imposed and unnecessary
austerity leaves New York unable to invest enough in education and poverty reduction, as FPI discusses in its
budget briefing book.
The governor should put his
austerity budgeting behind him by scrapping his self -
imposed two percent state spending cap.