If Austerity means raising taxes, he’s right.
The best defense against debt is wealth production. Lower taxes, lower spending, slash public union ‘commitments’ and raise the retirement age for public unions to 95.
And add a million or two government employees to the labor pool. Without pensions or “buyouts.”
That nails it! Your three sentences should be the rallying cry of the GOP. Well, maybe make the retirement age 72. It should be below the age of death. :)
The IMF has destroyed the lives of millions of poor people by insisting on austerity for private enterprise as well as for government. Keep the spending cuts and sock it to the political class, but don't raise taxes. Cut them to grow the economies.