Saudis Already Cutting Back on Spending

Dollar SignKarma is coming back to bite the Saudis in the butt.  The Saudis are cutting back their budget in 2016.  Their budget deficit is being reduced, but at the expense of spending, not because their income is increasing.  The reduction in spending is going to make the lower classes unhappy, and give the political opposition to the Saudi royal family something to work with.  Things won’t come to a head in 2016, because there just won’t be enough unrest in Saudi Arabia, but if things keep going this way it will come to a head eventually.  It’s going to be an interesting show to watch.