Only spending cuts will save us from the financial abyss August 14, 2011 admin Slug path asi-in-the-news/asi-in-the-news/only-spending-cuts-will-save-us-from-the-financial-abyss Joomla-id 6783 Old Teaser 14 August 2011 Dr Eamonn Butler writes on the turmoil in the world's financial markets in the Sunday Post. He argues that governments need to convince investors that they are getting their spending out of control.