You just don't fucking get it. The austerity is not because of the cost of social programs. The austerity is from having to bail out the banks to the tunes of trillions of dollors to cover their losing bets they'd made in the market and the subsequent condtions put on the country by the IMF and other instututions in order to get the money to continue bailing out these banks.
I wish you fuckers would read more about what really happened. You may not agree in having your taxes spent on social programs but you cannot surely be happy at giving it to the banks trillions because of their bad bets. Social benefits at least have some positive benefit - reduced crime, increased health of the general population, educated populace etc. Giving it to the banks takes money out of general circulation, benefiting no one other than the banks and their shareholders and fucks everybody else.
Credit default swap were termed "weapons of mass destruction" for a reason and they have been detonated. We are at the begining stages of this there is currently over $300 trillion worth of these on the table ready to blow.
Financial Weapons of Mass Destruction - YouTube