State austerity during a market recession makes no sense because the state is one of the few participants who is still able to borrow at reasonable rates. The b

State austerity during a market recession makes no sense because the state is one of the few participants who is still able to borrow at reasonable rates. The borrowing will still have to occur, because people need to eat, however it is paid back at Wonga rates of six squillion APR, rather than at the government bond level.