Deficit Terrorists Strike In The UK — USA Next?

[Watchman]

Deficit Terrorists Strike In The UK — USA Next?

Ellen Brown
Web of Debt
June 19, 2010

<--- http://www.infowars.com/deficit-terrorists-strike-in-the-uk-usa-next/

David Cameron’s new Government in England announced Tuesday that it will introduce austerity measures.


Last week, England’s new government said it would abandon the previous government’s stimulus program and introduce the austerity measures required to pay down its estimated $1 trillion in debts. That means cutting public spending, laying off workers, reducing consumption, and increasing unemployment and bankruptcies. It also means shrinking the money supply, since virtually all “money” today originates as loans or debt. Reducing the outstanding debt will reduce the amount of money available to pay workers and buy goods, precipitating depression and further economic pain.

 

[manokie]

Not bad, at least UK knows that its future is dim if it continues like this.

Too bad they cannot be like PAP, just give all sorts of tax like TV Levy, Maid Levy, GST, COE + car import duties