The mainstream economic neo-liberal fascists are at it again, about to impose even more (needless) hardship on Japan when the country faces the most dire situation probably in its history.
They didn't even wait for the devastating tsunami waters to crest before making their ill-informed comments about how Japan was already so loaded up on debt that it was going to have a hard time "borrowing" the money necessary to rebuild.
Leave it to these deficit terrorists to do once again do what they have done so many times in the past, that is, impose unwarranted suffering on people because of their misinformed religious "fiscal fanaticism." It will end up causing more death and destruction than 100 Fuskishima quakes.
Japan is a sovereign nation with its own currency. It spends in that currency. It doesn't "borrow yen from somewhere." It can make any reparations and take any steps necessary to fix its economy given sufficient real resources and labor to do the job.
Whereas the rebuilding of the nation could have been an economic shot in the arm, it's about to potentially become a shot through the very heart of Japan's economy as the government has apparently bought into the admonitions of the debt terrorists lock stock and barrel.
In an article today I read that the government of Japan is considering a tax increase to PAY FOR the cost of rebuilding.
|"The government is reportedly considering a temporary tax increase to pay for recovery efforts. It's a natural response -- -- when you have a great disaster, you need to fix the problem. The faster you do so, the better off everyone is -- so-called V-shaped economic recoveries are common after destructive events like earthquakes."|
A TAX INCREASE!!!
As if the destruction to the economy were not enough of a tax on Japan's citizens, the government will impose taxes, to raise yen--the very currency that it issues by power of monopoly--because the debt terrorists say that is the only way they will give their blessing???
Are they kidding???
Well, another country has just lost its sovereignty to this neo-liberal fascist cancer. My heart goes out to the people of Japan.