8/11/11

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.