The headlines are buzzing today about Britain's new budget deal, which increases their VAT, slashes whole government offices, and freezes wage increases, while also lowering the corporate tax rate to stimulate small business. The unlikely Conservative-Liberal Democrat Coalition is preparing to deal with the country's mounting debt in concrete and productive ways. Again I say, could we be looking at the near future for the US in the mirror of current UK news? Does the leadership in the US have the courage to deal with our debt mess as bravely? Let's hope and pray so.
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