Hopefully this is not in our future

The UK left and right are competing with each other to see who can cut more. It may be necessary to avoid even worse financial problems (along with much higher taxes) but it's ugly. The left is promoting a freeze on pay for government workers while the right wants to raise the age of retirement. Meanwhile, the bankers are still doing just fine. What a fair system. For the US, it's going to be very difficult not to start having the same discussions sooner or later, though higher taxes surely will be kicked around soon enough. Well, definitely sooner than asking Wall Street to pay its fair share.