Gaddafi is gone, and Libya faces a new future. Of course, the fighting is not completely over and he and his scions are still at large, but few doubt the regime is no more. Continue reading
“In my last comment I demonstrated that the US public debt is not very large, and its annual servicing quite small. It occurred to me (and to several people who wrote to me in response to my comment), that it might be illuminating to carry out a similar exercise for the annual public deficit. You are likely to be under the impression that the US budget deficit is more than ten percent of GDP, in excess of US$ 1.6 trillion in 2010. Or, as a Tea Party Republican might put it, $1.6 trillion!!!”
To read the rest of this excellent analysis go here
Cabinet Office Minister Francis Maude claims that the government has made ‘staggering’ savings of £3.75bn in the 10 months May 2010 to March 2011.
So just how staggering, and credible, are these claims? Continue reading