G20 leaders agree to cut deficits in half by 2013

Interesting, but I bet most of them won't be able to manage it.

Can we get a pool going on this?

I take year 2043.

Ooooo. Aaaaaa. I'm glad we spend $1B to wait for Captain Obvious to tell us that deficits are bad.

Talk is cheap.

Obama wants everyone to whip out some new credit cards and to keep spending money they don't have.

Unemployment is high? Really? That's cause we outsource almost every job to other countries, hell when you pay a lawyer $300 an hour I'd bet money he is paying someone in India $20 an hour to do all his work so all he has to do is present it in court.

You'd win, too.

http://www.transcriptionoffshore.com/ou ... ption.html

*flinches*

It might be the in me, but man did that line right there just send a shiver down my spine.

As for the rest -- well, at least the Conservatives mentioned that they'd have to cut expenses and raise taxes, or so the article inferred, with all the possible negative aspects from growth through intoned (which is a bit of a conflict in and of itself). Although that is quite a tall order, even if we were getting 2007's or previous year's level of revenue from taxes for the government to work with. Quite skeptical really, like I was in that thread of Bruce's about the opposition saying the same thing (although extenuating comments worsened their position a good deal more in my eyes when it came to taxes, goals and government spending).

Props to all the leaders for managing to get this far, at least. I was expecting something more akin to the Doha Round (and indeed, the article does talk about that), but I guess I get to wait and see how the details pan out -- I bet, especially with that emerging economies line, the devil is going to be in the details, which is where we've had clashing heads and little movement before.