Stimulus or Austerity: The People vs. the Banks

The most powerful nations in the world met recently at the G-20 in Toronto and managed to agree on only one thing of significance: the need to reduce deficits, "half by 2013." Implied by the statement is the need to lower deficits via "austerity," meaning eliminating or reducing social programs. Stimulus or Austerity: The People vs. the Banks by Shamus Cooke (Buzzflash 2010-07-02).