Saturday, July 14, 2012

Cuts in Spain

Protesters in Spain. Picture by Democracy and Class Struggle
USA Today reported earlier today that austerity cuts and protest happened in Spain. Nearly twenty five percent of the country is struggling with unemployment and now with increasing taxes and more budget cuts, more citizens are becoming more enraged. Austerity is another word for bankrupting or "de-industrialization". What's more with the problem of tax increases and budget cuts is military or police intervention which will undoubtedly come into full effect if there are more bands of resistance. Although the prime minister of Spain, Saenz de Santamaria, states that this is dramatic time in Spain, things will go from bad to worse as the large governments are force to use less money.
     Moreover, Spain plans to cut nearly 80 Billion dollars from the deficit from now to 2015 and that is without adding the tax increases. The economy in Spain will shut down by that time. Movies, theaters, and CDs are also effected by this tax hike. Hollywoodreporter.com, claims that the tax increase will increase those products in taxes causing a feeling of fear in Antonio Guisasola as he says,"nail in the coffin" for the music industry in Spain.
All together, more jobs will exit Spain, taxes will increase and austerity will gradually increase. Likewise will rioting get larger and military use will become "necessary" for law and order.

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