So much for the economy being in "full recovery." The economy will recover when people are back at work, making good wages, and spending money. I don't see how austerity measures in the middle of the worst economic slide since the 1930s is supposed to accomplish that. I should think we would be wanting to put as much money as possible INto the economy instead of taking it out with drastically reduced spending.
I suppose we could always start another war. Hitler and Tojo scared the bejeezus out of everyone, and so the USA embarked on a massive government spending program called World War II that finally pulled the country out of the Depression. Thank God we won that one.
How about a 7 billion dollar bailout for all the rest of us?