Obama-style 'balanced' approach gets a fiery reception
It's a much-overlooked fact that Britain's deficit reduction program was Obama-like in its " balanced" approach, in addition to spending cuts, they raised capital gains tax from 18% to 28%, and VAT (national sales tax) from 17.5% to 20%. This was so popular that in major cities countrywide, the Brits have been gathering in the streets to rejoice and light fires to celebrate their good fortune.