Voter opposition to fiscal consolidation is often attributed to intergenerational exploitation, short-sightedness or lack of information. While these mechanisms are likely at play, the effect of voters' moral considerations are largely absent from the public finance literature. This study addresses the effects of blame and feelings of personal responsibility on support for budget consolidations. We argue that voters will feel less responsibility for fiscal problems originating from a crisis in the banking sector than if those problems result from a continuous accumulation of deficits, and will therefore be less supportive of austerity measures to repay the resulting debt. Our results, which make use of both cross-country data and a survey experiment, are consistent with this. Since financial crises and many other costly events are practically random, this can have the profoundly counter-intuitive consequence that governments are punished harder for things that are outside of their control.