And polls show a similar result may be produced again this time, although European leaders warn deviating from the cost-cutting path could lead Greece out of the euro.
The austerity path means cutting benefits and the central government picking winners and losers, Ryan said.
For the time being, though, and for years to come, deficit-cutting is the only path to righteousness, she says.
We are on the path to cutting our deficits in half.
WHITEHOUSE: President Obama and Prime Minister Cameron at the White House | The White House
Cost-cutting alone is not a path to survival in the face of continued declines in print revenue and fierce competition in the digital world.
Airlines along the storm's projected path were already cutting flights too, including about 450 on Wednesday, most of them at Dulles and Reagan National airports in the Washington area, according to FlightAware.com.
Peseros (mini buses that used to charge one peso, hence the name) weave in and out of traffic alarmingly, cutting off anyone in their path in their determination to grab as many riders as possible.
An edgier but highly effective path to cost-cutting is literally cutting pills in half.
Numerous British economists had warned against the deep budget cutting, arguing that the government was heading down a dangerous path with potentially severe consequences.
FORBES: British Economic Austerity Bombs As England Double Dips Into Recession
It got off on a macho, but false, premise: that the path out was by mutual pain: raising taxes and cutting entitlements.
America's biggest airline, American Airlines has prepared a glide path down to Chapter 11 by laying out a cost-cutting strategy and a financing plan before it asked its workers to agree to wage cuts.
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