Austerity: The Relative Effects of Tax Increases versus Spending Cuts

Austerity: The Relative Effects of Tax Increases versus Spending Cuts. Alberto Alesina, March 7, 2013, Paper. "In a recent New Yorker article, John Cassidy declared, 'It is official: Economic Austerity doesn’t work.' By that he meant cutting spending in order to reduce a country’s debt-to-GDP ratio or to grow a country’s economy has failed. His evidence? The failure of the British government to balance its budget and jumpstart economic growth after implementing a series of austerity measures since 2010..."  Link verified March 28, 2014