It was deliberately set up so that the only possible outcome was austerity. We were there, remember?
Of course they are against it now. The two parties take turns being against and for things. It is all political, but the goal is austerity...and they will achieve that together after we get our little Kabuki negotiation show.
D vs. R fervor is being USED by corporatists who have bought into both parties. It is being used as a scam to divide us and make sure half the country will always circle the wagons and defend the predatory policies when it's our guy's turn to be implementing them. They want us to hate each other so much that we will never, ever unite against what they are doing to all of us.
D vs. R is a smokescreen when it comes to economic issues. They are all working for the banks now. The real game is the one percent against the rest of us. And the predation will continue as long as we keep falling for the partisan propaganda and reflexively tolerating or even defending anything our side proposes - like cutting Social Security - even when it is indefensible.