Sorry this diary is so brief. But sometimes the truth is simple.
A rec listed diary on DKos asks Did U.S. just implement more severe austerity measures than Great Britain, Spain?. There’s a simple answer to this…
No.
If you want a taste of what real neoliberal austerity feels like, come to Britain. Today the Guardian reported
A shock fall in activity in Britain’s services sector at the end of last year has put the economy on the road to a triple-dip recession, as economists predict the UK will be stripped of its triple-A credit rating.
The services sector – which accounts for three-quarters of Britain’s economic output – shrank for the first time in two years in December, suggesting the UK economy contracted in the fourth quarter. If output drops again over the next three months, the UK will fall into its third recession in five years – an unprecedented triple dip.