The Great British austerity experiment

[CHIMO]

Three months ago, I noted that the United States might benefit from the pain being suffered by the citizens of the United Kingdom. The reason was the new coalition government's commitment to prosperity through austerity. As predicted, this looks very much like a path to pain and stagnation, not healthy growth.

That's bad news for the citizens of the United Kingdom. They will be forced to suffer through years of unnecessarily high unemployment. They will also have to endure cutbacks in support for important public services like healthcare and education.

But the pain for the people in England could provide a useful example for the United States. After failing to see the $8tn housing bubble that wrecked the US economy, the austerity crew in the United States has been newly emboldened by the hugely partisan media that desperately want to eviscerate the country's bedrock social programmes: social security and Medicare.

The elite media and the politicians whom they promote would love to see the United States follow the austerity path of the UK's new government. However, if this path takes the UK into dangerous economic waters, it could provide a powerful warning to the public in the United States before we make the same mistake.

http://www.guardian.co.uk/commentisfree/cifamerica/2011/feb/01/economy-economics

[DCKit]

1. They'd better do it quick then, before the additional burdens on the Brits become apparent.

When the MSM goes into overdrive blowing austerity smoke up all our asses, we'll know it's on.

[upi402]

2. Baby Huey Americana will be clueless, Republicans know it too

"Democrats" will likely hand the Republicans a win in the Senate and maybe the WH too. We seem to be stuck on the 'Stupid' channel and lost the remote.

I hope I'm wrong. But we usually ignore history and the outside socialisss world.