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Economists: Britain's austerity plan to hit poor

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This is about the best news you could possibly expect from Britain. The US should follow suit.

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His stance was backed by U.S. media tycoon Rupert Murdoch

Not sure how this is any business of the little Aussie battler, he is not a UK citizen.

Osborne said Wednesday the cuts were an unavoidable remedy for the debts Britain piled up during the global financial crisis.

Thanks Osbourne, we are soon going to get to see the insanity of destroying a country to save a banking system. Not slow, drip drip Japanese style, but as a high speed car crash. But the ideologues like Cameron and Osbourne don't care. They will though after they have bled the poor and middle class and there is nothing left. That is when the rich against rich action is going to start. They should remember the rich were wiped out in the Great Depression, not sure why they are so confident that they won't be this time. But when you put a Public Relations guy in charge, this is the nonsense you are going to get.

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@molenir - your continued support for socialized banking and the corporate welfare state never ceases to amaze. Telling people they must have a lower standard of living so that bankers can continue to cash their bonuses is completely nuts. There is not a single banker in the UK who does not owe his job and 100% of his salary to the UK taxpayer. And it is not only nuts, it is economic idiocy, as the damage to the real economy will be huge and set off a downward spiral that will be very difficult to stop once they realize their stupidity.

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Osborne had said Wednesday in an address to Parliament that “those with the broadest shoulders should bear the greatest burden,” saying Britain’s highest earners would be worst affected by the cuts.

Agree 100%. When does the Queen and her worthless brood get tossed into the streets?

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@molenir - your continued support for socialized banking and the corporate welfare state never ceases to amaze. Telling people they must have a lower standard of living so that bankers can continue to cash their bonuses is completely nuts. There is not a single banker in the UK who does not owe his job and 100% of his salary to the UK taxpayer. And it is not only nuts, it is economic idiocy, as the damage to the real economy will be huge and set off a downward spiral that will be very difficult to stop once they realize their stupidity.

This has nothing to do with banks, and bankers. How do you not get that? I don't care about banks, except to say, that they really shouldn't be a company that accepts public bailout money. What I care about is wasteful government spending, as well as being opposed to the idea of the socialist state. Expecting everything to be given to you, expecting it as a 'right' to me, is simply wrong. In England, they are realizing their private sector cannot pay for their current public sector. They are acting accordingly. This will hurt in the short term, but assuming subsequent administrations do not undo the actions of this one, it will make for a stronger, and more stable government. One that isn't living beyond its means.

With a deficit of over a trillion dollars, as I said, the US should adopt this immediately. Slash the spending, balance the budget.

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Molenir said,"What I care about is wasteful government spending, as well as being opposed to the idea of the socialist state. Expecting everything to be given to you, expecting it as a 'right' to me, is simply wrong. "

I agree with you 100% about wasteful government spending but I think you are confusing liberalism with socialism. Getting a check for simply blessing us with one's presence with no responsibility or concerna s to where the money is coming from is American/British liberalism. Socialism requires a much higher tax rate but also requires those receiving benefits to give something in return.

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No mention of Britain cutting the budget of its Big Brother surveillance state. No mention of stopping the influx of "refugees" or other immigrants who come to Britain not to work, but to immediately go on the dole. No mention of pulling out of Afghanistan or even better yet, pulling out of that parasitic bureaucracy, the European Union.

All of these cut could be made and allow for the above plan to be partly implemented in order to lessen the economic shock to British citizens who have become addicted to the welfare state and -at the same time- improve life for middle-class Brits.

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This is good news after 13 years of Labour insanity and my only criticism is that not enough is being done to hammer these thriftless and work-shy malingerers- I loathe the poor and long for their extermination.

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This has nothing to do with banks, and bankers.

No, this has everything to do with banks and bankers. Sorry but like most people you have confused cause and effect. The UK and other countries are are not screwed up because of the "welfare state" and "living beyond their means". No, they are living beyond their means and have people on the dole in the welfare state because they are screwed up. They are trying to run a debt money system at a level beyond the level of their economy's ability to support it, and after exceeding that level have refused to make the necessary adjustments. Austerity is just another desperate attempt to avoid making those adjustments, but it is just going to make things worse. Trust me on that.

Cameron seems to be a nice enough guy possibly and I am sure in his previous profession he was a total expert on "public relations". But this has nothing to do with any right/left debate about the role of government in society as he is trying to sell it. I'm sure with his skill he will be able to sell it really well, but this is a purely systemic economic problem, and he is going to find that out really quick.

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"No mention of Britain cutting the budget of its Big Brother surveillance state"

No fella, instead a big increase in funds to the intelligence services.

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Another ominous step in the conservative fight to become as much like america as possible.

lets just hope that they leave healthcare alone.

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I agree with Molenir's 8:55 AM post.

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