Sorry for banging on about this all the time at the moment, but I think it’s really important that we understand what’s really going on right now.
This narrative that the UK and Europe are embracing ‘austerity’ i.e. shrinking government spending (which is causing the problems over here), and the US is embracing ‘growth’ (which is solving problems in the US) is nonsense. It’s totally the other way around.
Here’s a really great overview of the austerity myth presented to us by the insightful, thoughtful and intelligent Veronique de Rugy for Reason TV (with the ‘man in black’ Nick Gillespie asking the right questions):