This prevented the Great Recession from becoming Great Depression II. But, before the economy reached bottom, the stimulus was turned off, and austerity – accelerated liquidation of budget deficits, mainly by cuts in spending – became the order of the day.
始于2008年的大衰退的发展情况说明了这一点。一开始，政府竭尽全力对付它。这阻止了大衰退演变为大萧条II。但是，在经济触底前，刺激就结束了，而紧缩——预算赤字的加速清偿，主要通过支出削减实现——成为主流。