The Case for Austerity



Do you remember this summer's debt debate debacle? It ended with the supercommittee, which ended in failure, which resulted in no cuts in government spending. Do you remember the summer before that, when tea party protesters came out in full force against Obamacare and members of Congress who were contemplating supporting it? Do you remember when the tea party movement made the Republicans the majority in the House and replaced a few prominent liberal Republicans in the Senate with small-government conservatives?

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