Sequestration or cuts? Invest or spend?

Dollar

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Image Credit: Images of Money

The power of words in swaying public opinion

 

In the US, the Obama administration has just introduced something called sequestration. These are actually mandatory spending cuts – what the Europeans call austerity measures but somehow it sounds a rather less painful practice than that short sharp word ‘cuts’. (Btw, austerity to the Germans has very positive connotations of good standards of fiscal discipline, austerity measures are very acceptable in Germany!) Continue reading