An interesting take on the recent Government embarrassment over tax credits.
Hard-working people are against funding cuts (austerity) and even Keynesian economics believe that austerity is negative to economic growth. A huge number of people from different walk of life have been refusing budget cut as they believe austerity hits the hard working people, children and elderly people finally harm economic growth. But the handful representative of the government claim ‘austerity is the best’ and decide to impose it.
Money is the blood of the economy. lack of money, means, cutting budget is a symptom of seriously ill economy. The more investment, the more opportunities of production and employment. The more employment generate more money in the hand of people ultimately national income too. Economics always says ‘no worry’ about the increasing expenditure, but suggests just ‘learn how to earn’. This is simple ! even so-called leader fail to understand the truth and walk through the negative path in the name…
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