Pretty much every government could benefit immensely from austerity. The problem is, of course, that government is lousy at execution and overly political and s

Pretty much every government could benefit immensely from austerity. The problem is, of course, that government is lousy at execution and overly political and self-preservation all and so, for example, cuts the most visible programs first. Yes, I understand the notion of spending your way out of a recession.