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Idiot of the day: Britain

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October 22, 2010 – Comments (4)

Airstrip One surprises observers by shooting itself in the foot with its "austerity plan". One would expect them to learn from Ireland's experience. But then again, an idiot is someone who chooses to learn from his own mistakes...

4 Comments – Post Your Own

#1) On October 22, 2010 at 8:48 AM, dbjella (< 20) wrote:

zloj, I am not sure what you mean

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#2) On October 22, 2010 at 8:57 AM, SkepticalOx (99.51) wrote:

I would really be interested in what you propose? To have a stimulus package and spend more?

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#3) On October 22, 2010 at 3:18 PM, rfaramir (29.41) wrote:

Every country that has been printing more of its fiat currency needs an "austerity plan" so they can stop printing and match their expenditures with their tax receipts.  I.e., balance their budget.

 

Is there something specific about Britain's "austerity plan" that you don't like?  I'm rather ignorant on it myself.  Is there something fake about it (e.g., it doesn't balance the budget) that causes you to put quotes around it? 

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#4) On October 22, 2010 at 7:38 PM, rfaramir (29.41) wrote:

Is this what you're referring to?

http://dailyreckoning.com/uk-hacks-away-at-budget-feels-like-an-amputation/

 

Government NEEDS to be amputated! 

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