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Fiscal Austerity to Economic Renewal

The responsibility of government is not to balance the budget but to balance the economy by moving it to full employment. This duty should be the guiding principle for macroeconomic policy, but has been set-aside in recent years. The reigning political ideology of the past seven years has twisted economic policy into a method by which to undermine the state and erode the social infrastructure that the majority of the public depend on. It is time we move from a period of austerity to one of public investment with a focus on developing an economy that produces well-paid jobs.