The austerity measures that will start in a few weeks are hurting this economy?? This economy has been hurting for 4 years. Austerity should NEVER be necessary, but the liberal governments in Europe have created a bankrupt debt that now forces them to initiate austerity measures. And we're now on our way to the same. At least the Republicans are trying to avert it now before it gets so bad that austerity measures will be much more severe like your LIBERAL friends in Europe are now initiating..