Thursday, April 22, 2010

BRITISH BUDGET DEFICIT - WORST SINCE WW2

Britain has posted its worst annual budget deficit since the second world war. The joke is that they had not recovered from the first world war (then called "The Great War") when the angry little corporal decided to start a follow-up or payback model.

A few years ago I mentioned to an economist friend of mine that the UK had a rough time dealing with financial debt resulting from WW2. My appropriately accredited buddy said, "they have never totally recovered from the war".

Hey, let's go make a war so we can...


A blurb in theme...
http://money.ca.msn.com/investing/news/business-news/article.aspx?cp-documentid=23978363

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