Interesting read....2014 is when the chickens will come home to roost in the US as most of their debt comes up for renewal!

http://blogs.telegraph.co.uk/finance/edmundconway/100005702/us-faces-one-of-biggest-budget-crunches-in-western-world-imf/


Although I am not too happy about the tax increases in the UK, I do think Cameron is going about it the right way to reduce the crazy amounts of debt this country has...I do wish they put more heft taxes on the top execs of the FTSE 100 companies that are taking home millions in fat cat pay.

I don't think these people should be allowed to take more then a 3-4 million in total remuneration max.

To seriously cut the deficit we need to re-start UK manufacturing and seriously start exporting goods around the world in a big way.

With the North sea in decline and with very little to offer the rest of the world it does'nt look good.

Cuts are a short term solution, I have'nt seen a long term plan as of yet to get the UK back in shape.

There is so much talent and ability in this country that if everyone got together we could all acheive so much IMO and this country can be GREAT Britain once more!

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