Eventually we have to get the deficit reduced. Now is not the time, however.
The people demanding austerity now are like those hospital administrators who, in the midst of a mass casualty event, start complaining about the excessive use of bandages and plasma. There might be – heck, it probably is – overuse and wastage. The alternative is dying patients.
Right now we’re no longer dying but we’re not recovering. We still need the plasma and bandages. We need the stimulants.
Taking them away just makes a relapse more likely. Of course, then the people demanding austerity will blame those who denied tools and supplies, but hey – we controlled the deficit, right?