We’re all in this together – but I need more…

‘It’s very difficult for me as president to call on the American people to make sacrifices to help shore up the financial system if there’s no sense of mutual obligation and mutual help... We’re all in this together’ US President Barack Obama, March 2009 As the recession hits western countries in particular, governments are seeking to balance budgets through a series of fiscal measures; cutting government expenditure and raising taxes. In addition, wages have been frozen (or cut in real terms), pension ...