Here's One Thing You Missed: The Cuts Don't Exist

Britain Shows No Sign of Shaking Addiction to Debt, Taxes and Regulations, Contentions, March 7, 2012. "With British Prime Minister David Cameron’s state visit impending next week, we can expect to hear a good deal about – though see nothing very much done about – Afghanistan, the NATO Summit, Libya, and Syria, But we’re also likely to get a smattering of commentary about Britain’s parlous fiscal position. If we’re lucky, the media will talk about “Tory spending cuts.” If we’re really lucky, they’ll call them “savage.” Writ large, it’s useful to remember one thing about these spending cuts: they don’t exist."