‘There’s No Money Left’
Posted by Larry Doyle on May 17th, 2010 8:46 AM |
Spending money you do not have is a clearly defined road to fiscal ruin.
Politicians the world over, but especially in Washington, have little appreciation for this concept. A departing chief secretary in the U.K. Treasury, Liam Byrnes, addresses this topic with crystal clarity in a message left for his successor, David Laws. (more…)
Tags: Bloomberg reports 'There's No Money Left' U.K. Minister learns from Predecessor, chancellor of the exchequer, fiscal deficit in UK, fiscal ruin in the United Kingdom, James Callaghan, Liam Byrnes message for David Laws, Reginald Maudling, There's no money left, U.K. Treasury secretary Liam Byrnes, who is David Laws, Who is Liam Byrnes
Posted in General, United Kingdom | 5 Comments »
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