Friday, April 15, 2011

Interesting read

Pain of British Fiscal Cuts Could Inform U.S. Debate

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.

Posted by mark @ 10:44 AM (1227 views)
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5 thoughts on “Interesting read

  • Whilst the world police carry on killing innocent civilians (on behalf of overbloated global corporations) as well as their own soldiers,

    (curtesy of drones) I don’t take any spending cuts seriously, Our austery is funding avoidable deaths as well as destruction on many

    levels. ~ It’s not for the children, ours or anybody elses and it never has been.

    It makes me sick to the pit of my stomach to watch these scrounging warmongers trying to keep an earnest face

    whilst grasping at the begging bowl labled ‘austerity.’

    “Wer’e all in this together” Count me out David, no thanks.

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  • “And for the moment, the early returns are less than promising.”

    Isn’t that a symptom of the “I want it and I want it now” culture?

    In other words, instant gratification (no smart ar*e, salacious comments please)

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  • Except there isn’t an austerity program and the cuts are not deep .

    The Labour party prefers to protest against “the cuts” than call the Conservatives on their false claims that they are deep .

    The Conservative party hype the small cuts up because they think it makes them look tough .

    A nice cosy little agreement which would almost be plausible except for the facts .

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  • general congreve says:

    Courtesy of Private Eye:

    Those Government Cuts in Full

    1. Government spending to rise by £50 billion by 2014.

    2. Budget deficit to continue increasing by £3 billion a week.

    3. No one to mention any of the above, as all media continue to describe cuts as savage, drastic, immoral etc.

    4. Er …

    5. That’s it.

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  • haven’t the postal & tube workers just had pay rises ? if this becomes more widespread, along with zirp, imo, its going to encourage further hpi. asking prices in parts of north london seem to have gone ballistic. it’s almost as if their deliberately taking the P

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