Austerity
In economics, austerity refers to a policy of deficit-cutting by lowering spending via a reduction in the amount of benefits and public services provided. Austerity policies are often used by governments to try to reduce their deficit spending and are sometimes coupled with increases in taxes to demonstrate long-term fiscal solvency to creditors.
Read more about Austerity.
Famous quotes containing the word austerity:
“I love a gay and sociable wisdom, and shun harshness and austerity in behaviour, holding every surly countenance suspect.”
—Michel de Montaigne (1533–1592)
“The very austerity of the Brahmans is tempting to the devotional soul, as a more refined and nobler luxury. Wants so easily and gracefully satisfied seem like a more refined pleasure. Their conception of creation is peaceful as a dream.”
—Henry David Thoreau (1817–1862)
“Something
Ought to be written about how this affects
You when you write poetry:
The extreme austerity of an almost empty mind
Colliding with the lush, Rousseau-like foliage of its desire to communicate
Something between breaths....”
—John Ashbery (b. 1927)