Apparently undaunted by news that the UK, Europe’s biggest embracer of “austerity,” is expected to recover more slowly than any other OECD country except Italy, House Republicans propose a punitive budget:
The budget, developed by Representative Paul Ryan of Wisconsin, would cut $3.3 trillion from low-income programs over 10 years, according to the Center on Budget and Policy Priorities, even more than the $2.9 trillion in Mr. Ryan’s first disastrous budget last year.
“It’s an excellent piece of work,” Mr. Romney said. (Rick Santorum said it didn’t cut enough.)
via A Cruel Republican Budget – NYTimes.com.