June 22, 2010
U.K. Unveils Emergency Budget - The Source - WSJ
If enacted, Britain will demonstrate they are serious about constraining their deficits and debt. Will the U.S. have the same resolve?
An argument seems to be prevalent in the U.S. that continued deficit spending is necessary to support a glum economy. This continued mortgaging of our future to overseas lenders is public policy I do not support.
It's past time for some austerity in the U.S. Citizens and government alike need to demonstrate more fiscal discipline.