Good article. Austerity is dead. All politicians understand this or are defeated. The problem is that if government spending cuts are counter productive what is the alternative. Higher taxes. If you have any doubts just look at Kansas versus California. Which one of these states has tackled the deficit monster while maintaining growth? I suspect that a lot of people support the Kansas model (we all know California is wrong, right?) but it is Kansas that has failed. Dogma blinds; there is none so blind as those who can not see.