hazek
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If you fall for Zippyjuan's propaganda you will believe we here in Europe are currently taking the austerity route.. 
http://www.zerohedge.com/news/guest-post-what-austerity

What Austerity?
05/09/2012 17:43 by Bill Wilson, President of Americans for Limited Government
What Austerity?
By mainstream media accounts, the presidential election in France and parliamentary elections in Greece on May 6 were overwhelming verdicts against “austerity” measures being implemented in Europe.
There is only one problem. It is a lie.
First off, austerity was never really tried. Not really.
In France for example, according to Eurostat, annual expenditures have actually increased from €1.095 trillion to €1.118 trillion in 2011. In fact spending has increased every single year for the past decade. The debt there increased too from €1.932 trillion €1.987 trillion last year, just as it did every year before.
Real “austere”. The French spent more, and they borrowed more.
The deficit in France did decrease by about €34 billion in 2011, but that was largely because of a €56.6 billion surge in tax revenues. Again, there were no spending cuts. Zero.
http://www.zerohedge.com/news/guest-post-what-austerity