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| Britain |
| U.K. Budget Deficit Balloons to Widest Since 1946 |
| 2008-07-18 |
| Going into a recession that will get a lot worse with record deficits, is a bad sign. We have discussed before how societies will tolerate things in good times that they won't in bad times. I.e. more social disorder as people get poorer, welfare is cut, etc. |
| Posted by:phil_b |
| #4 George Bush's evil hand at work again. just like a terrorist, he has no respect for international boundries. |
| Posted by: Richard of Oregon 2008-07-18 13:30 |
| #3 Deflation will shrink the deficit, always excepting the money we pay to our folks. |
| Posted by: .5MT 2008-07-18 12:56 |
| #2 You can also kiss any military expenditures goodbye. |
| Posted by: DarthVader 2008-07-18 10:25 |
| #1 Cuts in Welfare? Surely you jest. It will more likely be cuts in job training and public works. You can be certain that the white middle class will take the brunt of it, and as usual for the British, will muddle through with little complaint. Now cut the welfare and you will have street riots and pandemonium. |
| Posted by: bigjim-ky 2008-07-18 08:49 |