Originally Posted by cosmo20002
Wrong. Why do you think the US credit rating got dinged? Because for the first time ever, there became a question about whether or not the US would pay its bills.
Austerity is working out great for Britan. Borderline triple dip recession and just got their credit downgraded. Going to cost them BILLIONS is interest.
Seems to me that those BILLIONS that England is going to piss away in higher interest rates would have been better used in numerous other options. We had better learn from Britain or expect the same.