Paul Krugman writes: Suddenly it’s O.K., even mandatory, for politicians with national ambitions to talk about helping the poor. This is…
austerity (ô-str-t) n pl -ties 1. the state or quality of being austere 2. (often plural) an austere habit, practice, or act…
aus·ter·i·ty [aw-ster-i-tee] noun, plural aus·ter·i·ties. 1. austere quality; severity of manner, life, etc.; sternness. 2. Usually, austerities. ascetic practices: austerities of monastery life. 3. strict economy. Austerity is also described in economics, as a policy of deficit-cutting, lower spending, and a reduction…