Paul Krugman writes: Suddenly it’s O.K., even mandatory, for politicians with national ambitions to talk about helping the poor. This is easy for Democrats, who can go back to being the party of F.D.R. and L.B.J. It’s much more difficult…
Tag: austerity
austerity (ô-str-t) n pl -ties 1. the state or quality of being austere 2. (often plural) an austere habit, practice, or act 3. (Economics) a. reduced availability of luxuries and consumer goods, esp when brought about by government policy b. (as…
A day after voters in France and Greece toppled governments in a European backlash against austerity measures, Republicans moved forward with legislation to replace $78 billion in automatic spending cuts to defense and discretionary domestic spending with a much larger $261 billion cut focused only on domestic spending.