Thursday, October 21, 2010

U.K. Government Planning Significant Cuts

The U.S. should sit up and take notice at the significant cuts planned by the U.K. government http://tinyurl.com/26lpupc.  As many as 500,000 public sector jobs will be cut, although it is worth noting the U.K. presently has 6 million government jobs in a country with 62 million population, while the U.S. has about 2 million government jobs and 300 million population.

Still, the U.K. is taking the route of trusting that significantly shrinking the public sector will permit the private sector to flourish.  Maybe after the November elections some in political leadership will have the courage to follow a similar theme in the U.S. while we still have time to do more measured cuts and before we are backed into the same drastic cuts corner where the U.K. now finds themselves!