Thursday, February 3, 2011
The "Grownups" Blink
Ooooh they started walking that one back pretty quick when it seemed inevitable they were gonna put a crimp in Grandma's lifestyle. Not much left to trim with defense and homeland security off the table. The growth numbers out of Britain kinda undermined their austerity plan with a threatening double dip recession as well.
So Mr. Smarty Pants and friends have plan instead to cut a mere $32 billion from spending. Even with this they're still pretty iffy on where those cuts are coming from. I guess after that tax cut for the wealthy they ran out of ideas...especially ones that leave them a chance for re-election.
Read more here, here and here.