Spend! Spend! Spend! So says the NY Times:
Wrong Answers in Britain
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Britain’s urban wastelands need constructive attention from the Cameron government, not just punishment. His government’s wrongheaded austerity policies have meant fewer public sector jobs and social services. Even police strength is scheduled to be cut. The poor are generally more dependent on government than the affluent, so they have been hit the hardest.
What Britain’s sputtering economy really needs is short-term stimulus, not more budget cutting. Unfortunately, there is no sign that Mr. Cameron has figured that out. But, at a minimum, burdens need to be more fairly shared between rich and poor — not as a reward to anyone, but because it is right…


