The following clip is from the March 17th, 2013 episode of Ring of Fire on Free Speech TV (  Austerity is a fancy word that Republicans throw around so they can fool the American public.  What austerity means is cuts to teachers, police officers, social programs, and anything else Republicans can cut away from the federal government.  But austerity always fails, and Mike Papantonio spoke with economist and author Richard Wolff recently about why austerity is a failure.