Copyright 2010 by John T. Reed All rights reserved
Austerity measures everywhere but here
Page A11 of the June 23, 2010 Wall Street Journal has an interesting set of articles. Here are there headlines:
• France’s Lagarde [Finance Minister] Forecasts Austerity
• U.K. Unveils Severe “Unavoidable” Budget
• Japan Lays Groundwork for Cutting Massive Public Debt
Greece, Spain, Iceland, Ireland, and other European countries had previously announced various plans to cut government spending.
Have their U.S. counterparts—Obama, Geithner, Pelosi, Reid—announced any similar plans to cut federal spending?
Are you kidding? (more…)