Tag: Financial News

David Cameron’s call for difficult steps, austerity and spending cuts to tackle huge fiscal deficits is not surprising; a Prime Minister burdened with a deficit of 156 billion pounds cannot possibly act differently. While his speech placing all the blame on the Labor Party’s door may look typical of a politician, what is encouraging is his unreasonable observation of how these steps will cause more pain than anticipated and for a longer period of time than what is offered by anyone. This is reminiscent of Churchill’s promise of blood, sweat and tears for the British people who were surrounded by the Second World War. Politicians have the dexterity of rough steps that make everyone believe that the pain will be for the neighbors and not for him. It must be said to Cameron, that he did not commit such fraud and did not make small talk about the pain that was in store for every Englishman. The 156 billion deficit cannot be eliminated through shadow boxing; it requires several hard blows and blows that will make many people with blackened eyes and nose bleed.

When it comes to fixing things it is a human tendency to start difficult steps with others whether at home or in the country, which requires some coercive and unpopular action. Everyone who thinks right will agree that this is a step in the right direction, the intensity of the exercise might be lighter if the government acts when the pile does not become so large …