Jamal Awil

← Austerity

In fact, the public will reward them for their boldness since cutting the welfare. [fact]

Drawing on separate work on the composition of governments and policy making, Alesina assures the assembled finance ministers that if they go in this direction and start to cut budgets in the middle of a recession, not only will it make things better, it will not cost them their jobs. In fact, the public will reward them for their boldness since cutting the welfare state is neither unfair nor avoidable. Cutting is fair since "the rhetoric about the immense social cost of fiscal adjustment is blown out of proportion and is often used strategically by certain groups, not necessarily the most disadvantaged, to protect themselves." And it's unavoidable because the welfare state and its transfers are too big not to touch and are precisely what need to be cut to make growth return and reduce the debt.

Mark Blyth, Austerity, loc. 476