UK austerity programs hit the poor the most

Surely no one thought the rich bankers who caused the financial meltdown would foot the bill, did they? Besides, poor families with kids are already too busy making ends meet to find time to voice their opposition and it's not as though they have the spare cash to throw at political parties to plead their case. If the repugicans ever steal another election we should expect to see a lot more out of them that will look much like this. Wall Street has been sending cash to the repugicans who are revving up their engines, preparing to throw more handouts and tax cuts to the wealthiest Americans.

So does anyone still like Nick Clegg? Somehow he makes Blair sound honest and sincere and that's no easy task.

The Guardian:

In a direct challenge to Treasury claims that the package of spending cuts and tax increases announced in June was fair, the Institute for Fiscal Studies (IFS) said welfare cuts meant working families on the lowest incomes – particularly those with children – were the biggest losers.

The IFS said it had always been skeptical about Osborne's claim that the budget was "progressive" but added that this instant judgment had been reinforced by a study of proposed changes to housing benefit, disability allowances and tax credits due to come in between now and 2015.

Passing judgment that is likely to make uncomfortable reading for the Liberal Democrats, the IFS concluded: "Once all of the benefit cuts are considered, the tax and benefit changes announced in the emergency budget are clearly regressive as, on average, they hit the poorest households more than those in the upper middle of the income distribution in cash, let alone percentage, terms."