massive budget cuts vs massive spending. austerity, so far, is not working in england. massive spending is not working here in the states. western economies have been “backed into a corner”
it is time to kill the big banks. it is the only way for the economies to heal.
“A surprise contraction in the British economy challenges the viability of the government’s severe austerity plan and leaves ministers at the mercy of a central bank under mounting pressure to act against inflation.”
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