why do governments impose austerity?

[Kasz216]

the2real4mafol said:

kowenicki said:
Because its time for a serious reality check?

Because your proposal hasn't worked in the long run?

Because they can?

Well if look at Greece, you will the highest unemployment rates in History and falling standards of living, only austerity could do that. Investment in things like business, only increases debt shortly before helping the economy to keep it growing. Austerity risks stagnating the economy completely

No.  Actually the unemployment rates and faling standards of living would of been worse had they not instituted austerity and instead defaulted on their debts.  We're talking "can't afford to import any medicine" third world country style drop.