Subject: txt intl mny econ gcon gdd sclm -
U.K. takes a page out of Ronald Reagan's economic recovery book
Lord Keynes must be rolling in his grave as the U.K. takes a page out of Ronald Reagan's economic recovery book. An emergency budget has been introduced that leans mostly on spending cuts to reduce the deficit.
Bloomberg reports that economists see the spending cuts as spurring growth... [snip]
Memo to Obama...please read Mr. Reagan's speeches.
He said the same thing 20 years ago In fact, it worked so well that the media had to drop the term "Reaganomics." Although, it must be noted that President Reagan was an unabashed patriot who fervently believed in individual liberty and freedom as opposed to soft tyranny, dependency and the welfare state...
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