is a political pejorative applied to any economic policy that someone doesn’t li

http://www.quora.com/What-is-the-definition-of-austerity-in-economics-and-economic-policy/answer/Erik-Fair?srid=u4Qv&share=1—“Austerity” is a political pejorative applied to any economic policy that someone doesn’t like, e.g. anything that reduces Social Welfare payments which a government cannot afford, or that results in more competition for cosseted political groups like Labor Unions.”—