The specter of austerity lies heavy on America. Hardly a day passes without another warning from New York Times whiner and erstwhile economist Paul Krugman, his colleague Nicholas Kristof, and the legion of other progressive apologists that “austerity” is threatening the U.S. recovery and destroying Europe.
Where is this austerity? It is certainly not anywhere to be found in the federal budget. Total spending in 2011 was $3.598 billion in 2011, higher than the stimulus-bloated total in 2009, and 21 percent higher than the year of the Bush administration. Austerity?
It’s austerity when people aren’t getting everything they want, right now!