United States of Austerity
Usborne, David, The Independent (London, England)
Today, America faces up to an uncertain future. Increasingly partisan infighting on Capitol Hill is set to see a deadline to avert $85bn in budget cuts pass without accord. Welcome to the...
The munificence of Uncle Sam may suddenly be diminished as of late tonight when a slew of painful and indiscriminate government spending cuts are due to come into effect. America, land of the free- spenders, is about to get its first taste of European-style austerity.
A product of the failure of Democrats and Republicans to agree on a prescription to cure the country's deficit disease, the cuts - $85bn by the end of this year and $1.2trn over 10 years - are due officially to come into …
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Publication information: Article title: United States of Austerity. Contributors: Usborne, David - Author. Newspaper title: The Independent (London, England). Publication date: March 1, 2013. Page number: 32. © 2009 The Independent - London. Provided by ProQuest LLC. All Rights Reserved.
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