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British Austerity: Should the US Try Cutting Costs UK-Style?
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British leaders are adopting a plan to cut public spending in that country by $131 billion dollars. The revolutionary plan will cut public housing subsidies by 80% and could cost the jobs of as many as 750,000 public sector employees. By cutting public spending and raising some taxes, government leaders are hoping to avoid a second recession and whittle down the budget deficit. With the US facing record budget deficits, and the last election seen as a referendum on overspending by the federal government, what can US leaders learn from the British?
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