Monday, November 1, 2010

U.S. Fiscal Hawks Turning French: Peter Boone, Simon Johnson - Bloomberg

U.S. Fiscal Hawks Turning French: Peter Boone, Simon Johnson - Bloomberg: "The sharp budget cuts announced in the U.K. last month have people asking: could the U.S. soon take similar steps?

The two countries share some key problems, including the aftermath of a housing bust, overreliance on high-risk financial services, and government debt levels approaching the danger zone. Self-proclaimed fiscal conservatives also are likely to make a strong showing in midterm elections."

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