Archive for October 20th, 2010

Britain to Cut 600,000 Government Jobs to Reduce Debt and Waste


Wednesday October 20th, 2010   •   Posted by David Theroux at 8:47pm PST   •   1 Comment

BBC News reports in “Spending Review: Osborne wields axe,” that faced with the largest government debt in Europe, British Chancellor of the Exchequer George Osborne has announced that the UK government will make the biggest spending reductions since World War II, cutting on average 19% from spending and 500,000 government jobs, including the budgets...
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U.S. National Debt Up $3 Trillion on Obama’s Watch


Wednesday October 20th, 2010   •   Posted by David Theroux at 8:46pm PST   •   2 Comments

In an article at CBSNews.com, “National Debt Up $3 Trillion on Obama’s Watch,” Mark Knoller reports that: “New numbers posted today on the Treasury Department website show the National Debt has increased by more than $3 trillion since President Obama took office. “The National Debt stood at $10.626 trillion the day Mr. Obama was...
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