Friday, April 15, 2011
In the United States, the debate over how to cut the long-term budget deficit is just getting under way. George Osborne, top, the chancellor of the Exchequer, at an auto plant in Solihull, England, seeks to attack the deficit with big cuts. But in Britain, one year into its own controversial austerity program to plug a gaping fiscal hole, the future is now. And for the moment, the early returns are less than promising.