Wednesday, September 21, 2011

didn't work that well for herbert hoover either

Across the pond in ye olde mother country, government spending and indebtedness is on the rise in spite of the cost-cutting austerity measures that country has adopted.

From Reuters: The Office for National Statistics said public sector net borrowing excluding financial interventions rose to 15.934 billion pounds in August from 14.003 billion pounds a year ago, above analysts' forecasts for a reading of 13.2 billion pounds.

Found this out from Atrios.

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