How would Americans respond to "Greek like" austerity?

[NNN0LHI]

13. When my family was going through "Greek like" austerity most Americans took it pretty well

http://www.sociology.org/content/vol003.004/thomas.html  

In order to reduce corporate taxes, it was necessary to reduce the size of the welfare state. This objective was carried out by the Reagan administration (Abramovitz, 1992). After taking office in 1981, the administration set out on a course to alter the (relatively) labor sensitive political economy to be more business friendly. Reagan appointed anti-union officials to the National Labor Relations Board, "implicitly {granting} employers permission to revive long shunned anti-union practices: decertifying unions, outsourcing production, and hiring permanent replacements for striking workers" (102). Reagan himself pursued such a policy when he fired eleven thousand striking air traffic controllers in 1981. Regulations designed to protect the environment , worker safety, and consumer rights were summarily decried as unnecessary government meddling in the marketplace (Abramovitz, 1992; Barlett and Steele, 1996). Programs designed to help the poor were also characterized as "big government," and the people who utilized such programs were often stigmatized as lazy or even criminal. With the help of both political parties, the administration drastically cut social welfare spending and the budgets of many regulatory agencies.

The new emphasis was on "supply side" economics, which essentially "blamed the nation's ills on 'big government' and called for lower taxes, reduced federal spending (military exempted), fewer government regulations, and more private sector initiatives " (Abramovitz, 1992, 101). Thus, to effect a change in the political economy, Reagan was able to win major concessions regarding social policy that continue today. By taking away the safety net, the working class was effectively neutralized: workers no longer had the freedom to strike against their employers or depend upon the social welfare system as a means of living until finding employment. Business was thus free to lower wages, benefits, and the length of contracts. The overall result was that the average income for the average American dropped even as the average number of hours at work increased (Barlett and Steele, 1996; Schor, 1992).

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There were no demonstrations, arrests, martial law or curfews. No civil war either.

Matter of fact a lot of mt fellow Americans were doing everything they could do to make it worse on everyone including themselves during that time. Now, if you mean what will happen when more people start receiving the same treatment as I did, well, we will just have to see how that turns out.

But if you are looking for my personal opinion I don't hold out much hope. Learned my lesson when George W. Bush had a +90% approval rating. Right then and there I realized that more than 9 out of 10 people I see walking down the street is a complete idiot. That is troubling.

Don