Tuesday 22 September 2009

Penny for your thoughts.....

That thought just cost you £6,017.

That is because each and every second that is how much Britain's debt is piling up. This lay open the lie that our glorious leader knows what he is doing.

Not only that but the 'solution' to the recession, printing more money, will have great inflationary results next year, which will make the whole situation even worse than it already is.

After spending the summer months denying that Labour would have to cut anything, it became clear that every departemnt was preparing for cuts between 15 and 25%. Lies and damn lies, Mr Brown!

As more and more people lose their job, tax revenue is falling and so as a nation we borrow even more. No matter who wins the election next year, massive cuts are inevitable; just where is what will sparate the parties.

Brown's government borrowed £16,000,000,000 in the past month, this kind of annual borrowing was once considered reckless, words have yet to be invented to describe this kind of fiscal lunacy.

Of course, bankers are carrying on as if nothing has changed; they make money, pay each other huge salaries and bonuses, whilst we, as a nation will be paying for the bale-out for decades. Even worse is the fact that it could all happen again tomorrow as no new rules or regulations have been put in place.

How crazy is that?

Enjoy the calm before things get worse, much, much worse.

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