The poet William Stafford set himself the task of writing a poem a day. When someone asked him what he would do when his poem-of-the-day wasn't very good, he replied "I simply lower my standards." In order to increase output, the bar here is set at a low level - the point of this is to have some fun with current events and politics. I welcome contributions and comments. Now you can also follow Doggerelo on Twitter (@doggerelo). Because of continuing medical problems, I'm no longer able to post a poem-a-day. I'll continue to post poems, but at a reduced frequency, so please stay tuned.

Sunday, December 18, 2011

Austerity, Inc.

In Europe the problem is sovereign debt
The nations all owe too much and yet
There’s always a need to borrow more,
A situation banks deplore.

The folks at Merkel and Sarkozy say
Austerity’s the only way:
Increase your taxes and cut your spending
The markets’ll see the message you’re sending
And buy up your bonds quite willingly
If you stick to the path of austerity.

But any hopes for this plan sank
As all economies began to tank
And any gains were soon offset
By a further increase in the debt. 

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