The victory of the Republican anti-government ideology over a weakened Barack Obama has locked the US into the prison of fiscal rectitude.
…..
The budget deficit of the zone is only about 6% of its GDP, as against the 10-11% of the US and Britain.
A budget deficit of 10-11% of GDP is being locked into the prison of fiscal rectitude now, is it?
Its all about perspective. Compared to;
“Governments should be able to spend what they like”
I guess it is