Are you proposing an unbalanced budget as a way out of zombie economics and long term prosperity? To live beyond one’s means is to live in FALSE prosperity that will not last long, as the present situation in Europe shows starkly. Moreover, a false prosperity encourages and incites a stampede of speculative bubbles that with algorithmic precision blow up in a bust. You are confusing austerity as a ‘drug’ and austerity as a ‘poison’. As a drug it cures your insanity to live beyond your means; as a poison it exacerbates the illness of recession by depriving you of the stimulants of a Central Bank that could weaken the virus of recession and cure it gradually, if one uses the funds wisely to reinvigorate the REAL economy and boost entrepreneurial creativity and innovation, as the leader of the Opposition in Greece, Antonis Samaras, last May, proposed in his Zappeio Address.
Hence, your “zombie” austerity turns into a boomerang and hits you with all the force of Newtonian gravity in your confused austerity.
I’m republishing this short piece that was written at the earliest stages of the “Intervention” by NATO and the U.S. in Libya, illustrating how wrong the Liberal-Pacifists were about the outcome of the intervention that led to the collapse of the Gaddafi dictatorship.
By Con George-Kotzabasis
Distortion and lack of imagination are not a good way to make your case. On your first point, where in the world has there been even a blip of demonstrable opposition to the Coalition’s intervention in Libya? On your second point, only one bereft of a modicum of imagination cannot see that despite the fact that the “goal of the coalition” is not the “defeat of the dictator,” nonetheless the implementation of the no-fly zone by the Coalition nolens volens enervates the loyalist forces and invigorates the Opposition forces with the great potential to overthrow the dictator. On your third, isn’t a fact that Gaddafi and his military personnel fled the compound which was a command and military control centre just before it was hit by a tomahawk missile? And on your fourth and last point that Obama breached the constitution and should therefore be impeached, is a fiction and should be rejected as such. You deliberately and misleadingly leave out the sentence of the War Powers Act, 1973, which is relevant to the current military engagement of the U.S. in Libya. “The War Powers Resolution of 1973 requires the president to notify (M.E.) Congress within 48 hours of committing armed forces to military action and forbids armed forces from remaining for more than 60 days…without an authorization of the use of military force or a declaration of war.” Only at the passing of 60 days, and if he did not seek an authorized extension for the military deployment would Obama be in breach of the War Powers Act. It seems therefore to me that your ditty about Obama breaching the constitution and should be impeached, is out of tune with the reality of the situation.
You have said to me before that you are some sort of a musician playing the mandolin. It amuses me therefore to see why you switch your talent from ditties to war and strategy that are beyond the depth of a mandolin player.
Further, you will find out at your cost that the land of Australia is not only the land of the kangaroos but also the land of the boomerang that just struck you.