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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Crimson Ghost who wrote (81757)7/19/2008 12:44:41 PM
From: mishedlo  Respond to of 116555
 
Taxpayers Can Bear No More
globaleconomicanalysis.blogspot.com
This story is from the UK but the same situation applies here: Taxpayers can bear no more, admits Alistair Darling.

Brown is under pressure to deliver further giveways, said Robert Chote, director of the Institute for Fiscal Studies in London. Brown can "raise the money in taxation, cut spending or change the rules," he said in an interview. "It looks today like it's going to be the third of those that takes place.
....
charts on the pound follow
Mish