In response to:

Is Anybody Surprised that Krugman Was Wrong about U.K. Fiscal Policy?

FletchforFreedom Wrote: Jan 24, 2013 10:10 AM
"Krugman's argument is that spending should increase at a much faster rate in order to put more money in the economy" ... which would be pretty impressive if it weren't for the fact that it has never happened so much as a single time in all of human history. Maybe ge should suggest jumping into a live volcano because that will stimulate cell growth and make us immortal. It's worked just as often.

Just like in the United States, politicians in the United Kingdom use the deceptive practice of “baseline budgeting” as part of fiscal policy.

This means the politicians can increase spending, but simultaneously claim they are cutting spending because the budget could have expanded at an even faster pace.

Sort of like saying your diet is successful because you’re only gaining two pounds a week rather...