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 …