VIEWS on the best way to deal with the rich-world’s debt problems vary across its countries, according to the latest annual survey of American and European public opinion by the German Marshall Fund, a think-tank. The poll shows clear support for austerity over stimulus in the rich world. That may be because announced austerity plans have yet to kick in: Britain is an exception to this, and there views seem to be more finely balanced. The biggest change in sentiment can be seen in the euro area. In 2009 only 8% of Italians thought their government was spending too much compared to 49% who now want it cut. In Portugal and Spain nearly one-third of those asked two years ago thought that too little was being spent, an opinion now held by only a fraction of that.
Go here for the rest, including the chart of global public opinion on government spending.
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Yes, but anecdotally, austerity is not what I see people doing in their personal lives here in the USA. My life is surrounded with people scrambling for credit to continue living large, fronting, posturing and looking good never mind the fact they are out of gas.