new great depression near?

[Prepper1]

Hi guys, whilst researching what effects the last great depression had on the u.k. when I came across this article.
whilst the entire article is good reading, this particular quote further down the page caught my eye...

"Under pressure from its Liberal allies as well as the Conservative opposition, the Labour government appointed a committee to review the state of public finances. The May Report of July 1931 urged public sector wage cuts and large cuts in public spending (notably in benefit payments ("dole") to the unemployed) to avoid incurring a budget deficit. The sense was that the deficit was dangerous and had to be reduced; the proposal was to meet £24 million by increased taxes on the rich, and £96 million by economies, of which £64 would come from unemployment relief".
How spookily close is that to what they're doing now?
I wonder if the recession we're in is going to end up as a depression?
I wonder if a new world wars on the way as well to thin the herd?

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http://en.wikipedia.org/wiki/Great_Depre...ed_Kingdom