(ECONOMICS) when a government has to restructure spending by massively cutting social programs, development programs, and subsidies on basic necessities. Often accompanied by taxes increases, especially on lower incomes (since the poor cannot escape tax hikes).
Usually we use the term "austerity program" when the government in question has to backtrack on its ideological commitments. An example of this is France, after June 1982. The Socialistgovernment of Mitterrand had just implemented a raft of major new social welfare programs, and was promptly forced to cut everything back when the deficit ballooned.
The trend of shunning ostentatious displays of wealth in favour of frugal spending which you will brag about to all your friends whether you are affected by the recession or not
She won't buy organic food anymore - she says it's such as luxury - she nows shop at wal-mart for everything which is so austerity chic.
transitive verb 1: To drive or punish one's ass by whipping; but without the force necessary to fully regret the act.
2: Atonement in a half assed way
Mary: "Did you hear what Brad did to Angelina?"
Genivieve: "No, but i bet he'll asternithin himself to get back with her!"
Sarah: "Oh my GOD! Did you hear how Bill crawled back to Hillary?"
Elizabeth: "Ha! I Bet he just went through Asternithin to get out of paying alimony."
another term for a station wagon, mini-van, or any other kind of vehicle that is targeted at the "family" demographic(also M.A.V.)
"Tactical advantages aside, the M.A.V. is top of the line for the holy warrior troop transport manufactured by the Church of Latter Day Saints Military Industrial Complex. Also great for family trips...to heathen lands."
12 step recovery jargon referring to someone new who talks about how great life is, now that they'resober. Usually meaning that the person is out of touch with reality.
The new guy seems pretty happy for a dude who has no job, no money and no family. He must be on a pink cloud.