The Economics of Connect the Dots
The Conservative party in England , in a coalition government which they control took office and pledged to reduce the budget deficit by a series of large spending cuts and tax increases. The results so far, not so good.
British GDP grew .2% in the 2nd quarter over the first quarter for 2011.
The U.S. is about to embark on a similar policy (well, without the tax increases, we're Americans, we don't to do that do we).
So until they repeal the laws of economics, look at Britain as a possible preview of things to come. And given the GDP numbers that have just been released showing a significant reduction in the rate of growth of the economy, the show starts very soon.
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