GEORGE OSBORNE CUTS GOVERNMENT SPENDING AND PAYROLLS, CASTS U.K. INTO STEEP RECESSION

Prime Minister David Cameron reshuffles his cabinet, but he keeps George Osborne as chancellor of the Exchequer.  The same Osborne who has forced thousands of cuts in public employment, at whose door we can lay Britain's double-dip recession.

This same tactic is what mindless Republicans in the United States wish to do with the American economy.  The mantra of cutting spending harks back to the days of Herbert Hoover when the same opponents of public debt took charge. 

Fortunately, there are some smarter economists in the U.S. today, like Fed chairman Ben Bernanke, who refuse to go along with cutting government spending when the economy is in danger of going back into recession.  But imagine the chaos and economic turmoil if that faker, Mitt Romney, and his side-kick, Paul Ryan, win the coming election!