- 30 Jun 2011 02:21
#13744386
I don't know about europeans being less worried. All those austerity measures in England wouldn't of happened if they weren't worried.
It is how the worry shows that is different. In europe there is more exposure to austerity measures than in the USA. So statements like lets cut all funding to X have more meaning.
In the USA there seems to have arisen a vocal Libertarian sentiment that is obsessed with taxes. Common rhetoric seems to be that debt and the deficit are somehow related to high taxes, and that in any way raising taxes is out of the question. It's kind of like saying "Reducing public debt is the most important thing at the moment and to prove it we'll destroy the deficit with one hand tied behind our back".
It is how the worry shows that is different. In europe there is more exposure to austerity measures than in the USA. So statements like lets cut all funding to X have more meaning.
In the USA there seems to have arisen a vocal Libertarian sentiment that is obsessed with taxes. Common rhetoric seems to be that debt and the deficit are somehow related to high taxes, and that in any way raising taxes is out of the question. It's kind of like saying "Reducing public debt is the most important thing at the moment and to prove it we'll destroy the deficit with one hand tied behind our back".