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‘Fiscal cliff’? Britain
has already jumped.

Washington Post, by Anthony Faiola

Original Article

Posted By:Dreadnought, 12/16/2012 11:18:37 PM

NEWPORT, Wales — Is this what life on the other side of the “fiscal cliff” looks like? If President Obama and congressional Republicans fail to reach a deal in the coming weeks, Americans face a fierce wave of tax hikes and spending cuts that could threaten the U.S. economy. Yet Britain has already crashed over its own economic precipice, with the Conservative-led government unleashing a radical experiment in austerity since coming to power in 2010 that has seen public spending corralled and taxes increased on this side of the Atlantic.

      


Post Reply  

Reply 1 - Posted by: nhchemist, 12/16/2012 11:34:40 PM     (No. 9070039)

The idea of a soft landing is a myth. All the attempts to lessen the economic problems we have been facing since 2007, have simply extended the time before a recovery can take place. Britain will go through some hard times, but their recovery will be sooner for their efforts.


Reply 2 - Posted by: frede, 12/16/2012 11:43:07 PM     (No. 9070050)

When I drive down the road, and look at all the storage places where we rent space to keep all the junk we drug home from the stores, I know that we have no discipline. We have too much money, and far to much credit.

And why do we give food stamps to a 300 lb, overweight man or woman?


   

 

R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: Words have Meaning, 12/17/2012 1:01:14 AM     (No. 9070099)

Well...There...You...Go.
If it wasn´t for those darned conservatives trying to spend less money across the pond, Britain would be doing just fine.

I say we should spend like there is no tomorrow, because there probably is no tomorrow, at least the way we remember it.

I want to thank the Washington Post for having the courage to finally point this out. Spending more than you have always leads to prosperity. Let the good times roll.


Reply 4 - Posted by: Trigger2, 12/17/2012 4:36:01 AM     (No. 9070187)

Here we go again--the WaPo shilling for Barry again. Did Britain shut down putting the grifters (diversity muslims) in mega mansions that cost the taxpayers a million pounds a year yet? Enquiring minds want to know.



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