Friday 12 June 2009

Latvian PM is a hero(?)

Let's see about that in the fullness of time I'd say.

Apparently he agreed to cut $1b from their budget in order to get those lovely loans from Europe, by penalising Latvian pensioners rather than the main (voting) taxpayer public.

Cutting public sector workers payroll by 20% is, however, certainly a good step though -- given they are unproductive (they are cost to society, rather than generators of wealth) and are only employed to serve the private sector wealth creating side of the economy. Brown could definitely learn a thing there, rather than continue to have half the population of the UK on the government payroll -- how can that possibly be sustainable in the long term? Its small wonder our public finances are such a mess these days.

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