In 2011, all government in the US spent 41.4% of GDP. To paraphrase Indigo Montoya of Princess Bride: You keep using that word, "austerity." I do not think it means what you think it means. Defining austerity. My 1976 Webster's Unabridged Dictionary includes this definition of austerity: "lack of luxuries: enforced or extreme economy." ... MORERandall Hoven: In Search Of The Dreaded Austerity
In 2011, all government in the US spent 41.4% of GDP. To paraphrase Indigo Montoya of Princess Bride: You keep using that word, "austerity." I do not think it means what you think it means. Defining austerity. My 1976 Webster's Unabridged Dictionary includes this definition of austerity: "lack of luxuries: enforced or extreme economy." ... MORE