Excerpt
Last month, the British government abolished the U.K. Film Council, the Health Protection Agency and dozens of other groups that regulate, advise and distribute money in the arts, health care, industry and other areas.
It seemed shockingly abrupt, a mass execution without appeal. But it was just a tiny taste of what was to come.
Like a shipwrecked sailor on a starvation diet, the new British coalition government is preparing to shrink down to its bare bones as it cuts expenditures by $130 billion over the next five years and drastically scales back its responsibilities. The result, said the Institute for Fiscal Studies, a research group, will be “the longest, deepest sustained period of cuts to public services spending” since World War II.
We need to take the world economic woes into account BEFORE we go blaming Obama or Democrats for America's woes.
Personally, I cannot forgive the GOP for 8yrs of digging the financial hole America is in today. AND 2yrs is NOT enough time to fill that hole.
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