Facing Deficit, Britain Unveils Emergency Budget

“Facing Deficit, Britain Unveils Emergency Budget - http://nyti.ms/9ueJiZ”

The "Serious People" are in control. This is really going to hurt!

http://krugman.blogs.nytimes.com/

"Zombies Have Already Killed The Deficit Commission

It must have sounded like a good idea (although not to me): establish a bipartisan commission of Serious People to develop plans to bring the federal budget under control.

But the commission is already dead — and zombies did it.

OK, the immediate problem is the statements of Alan Simpson, the commission’s co-chairman. And what got reporters’ attention was the combination of incredible insensitivity – the “lesser people”??? — and flat errors of fact."