The culmination of the ultimate cult

pic via NASA Goddard Photo and Video

“Austerity” continues its unprecedented run of being the economic policy with the worst results but the most adherents:

About a quarter of working-age people in recession-hit Spain are unemployed, new figures have shown.

The unemployment rate rose to 25% in the third quarter, from 24.6% in the previous three months, Spain’s National Statistic Institute said.

Naturally there can be only one solution to this failure of austerity — more austerity.

Spain has set out its austerity budget for 2013, with new spending cuts but protection for pensions, amid a shrinking economy and 25% unemployment.

Deputy Prime Minister Soraya Saenz de Santamaria called it “a crisis budget designed to exit the crisis”

We shall exit the crisis by creating a greater crisis.

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