Great Britain Cutting 500,000 Government Jobs By 2015. A Model For USA?

From Investor's Business Daily we have news that the Prime Minister, David Cameron is taking a big slice out of the budget. The cut will be in public housing, welfare and all the other government programs where the labor government in the past has sown it's seeds of waste, will now reap a harvest of gloomy belt tightening.

The editorial asks, why not in USA?

Fixing our problem according to this editorial would not have to be so severe.

Read a portion of the editorial here that gives a summary of the action that could be taken.

Over the next decade or so, based on Congressional Budget Office projections, federal spending will increase 5.8% a year on average, from $3.49 trillion in 2010 to $5.86 trillion by 2021 (see chart). Revenues are expected to rise by 12.7% a year, from a depressed $2.14 trillion this year to $ 5.1 trillion in 2021.

What if, instead of nearly 5.8% a year in spending growth, we let spending grow at half that rate — 2.9% a year?

Hoping that our new congress can see the light.

Great Britain and Europe, the model for the Obama socialist way. The new congress(taking a lesson from our socialist's failure) hopefully congress will put on the brakes pronto!