“The creditors are in charge, and are unfortunately arguing for a policy of austerity, which is counterproductive,” he said.
While austerity makes no economic sense today, slowing entitlement spending over the long term seems clearly necessary.
Nearly 80 percent of the population says the country is headed in the wrong direction with austerity cuts.
Will the new Tory/Liberal government in England and its austerity measures affect the budget of the Old Vic?
But it still falls victim to the needless politics of austerity.
She had expected to see a man, reserved almost to the point of austerity.
For me, I am vowed and dedicated, and my relations henceforth are austerity and holy works.
There are continual jests about the contrast between this Ulsterman's austerity and the conviviality of Colonel Clancy.
Her austerity, which seemed a little theatrical, now annoyed him.
His spirit grew austere, but in his austerity there was an inexpressible joy.
mid-14c., "sternness, harshness," from Old French austerite "harshness, cruelty" (14c.) and directly from Late Latin austeritatem (nominative austeritas), from austerus (see austere). Of severe self-discipline, from 1580s; hence "severe simplicity" (1875); applied during World War II to national policies limiting non-essentials as a wartime economy.