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Saturday, March 26, 2011

What a Riot!

Instapundit sums up the protest against spending cuts: "LONDON: Moochers And Looters Clash With Police." I like this summation in the comments:
"Enguerrand321, blogging in the Guardian about this demonstration, admirably said:
"So in summary:
(1) It was a nice pleasant march by calm, peaceful protesters who are in general neither desperate nor underprivileged nor very angry
(2) A few hotheads got a disproportionate share of attention by doing some rather minor criminal damage
(3) The marchers want the rest of us to go on paying their salaries and their pensions
(4) There is not any money left and the Government is borrowing one pound in four that it spends. This year’s deficit is about £145 billion or approx. 10% of GDP
(5) If we go on spending at this rate, then in two or three years we will be bankrupt and nobody will lend us any money
(6) If we get there, the cuts will be dictated by outsiders and will be very severe
(7) These cuts take us back to the level of public spending we had in 2008 (in nominal terms) or 2004 (in real terms)
(8) The Labour party itself has said it would have undertaken large cuts if it gained office, worse than under Thatcher, but now refuses to say what it would cut or when
(9) There really is no alternative, just slightly faster cuts or slightly slower, or waiting for the IMF to do it all at once in three years time".
Madison, WI was just a small protest in comparison; will we see another London here next?

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