Amid widespread frustration over government spending, US politicians should heed British Prime Minister David Cameron's frank talk on debt – and his plan to spend only what his government takes in.
American politicians need not travel so far for some tips to ease their own struggling economy. A quick trip across the Atlantic to Britain these days would offer some intriguing hints.
There, a conservative new prime minister, speaking with almost Churchillian directness in a time of challenge, is calling on Britons to drastically curb the national debt, slashing the government budget by 19 percent, with a massive transfer of power “from the state to citizens, politicians to people, government to society.”
David Cameron, whose Conservative Party succeeded in ousting the left-wing Labour Party and forming a coalition with the minority Liberal Democrats, promises a total transformation from the old ways of doing things: from a “high-spending, all-controlling, heavy-handed state,” to “national unity and purpose, from big government to the big society.”