Got this off of Warren Mosler's blog.
Brazil gets it...China gets it...do we?
| Brazil Lula Vetoes Spending Limits for 2010 Budget, Estado Says Aug. 14 (Bloomberg) -- Brazil’s President Luiz Inacio Lula da Silva vetoed 20 items in the guidelines for next year’s budget that sought to curtail government spending on public works, O Estado de S. Paulo said. Lula also vetoed a measure that would have limited the government’s ability to increase investment under its so-called Growth Acceleration Program, which is comprised of infrastructure spending on ports, roads and energy projects, the Sao Paulo-based newspaper reported, citing the official gazette. |
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