Man in a Shed: So how did the Welsh pay for this (the BBC doesn't ask)

Sunday, April 01, 2007

So how did the Welsh pay for this (the BBC doesn't ask)

So the Welsh are to get Free Prescriptions. Will that buy Labour enough votes in May ?

But the question I have is how is this paid for ?

What I suspect is its paid for by the English - whom vastly subsidise Wales. The English of course will continue to be bled dry by NuLabour as it takes money to bride its Celtic heart lands.

Not that you'll be any the wiser by reading the BBC version of events - as of Sunday, 1 April 2007, 04:58 GMT 05:58 UK . ( Surely this is a direct violation of impartiality as they should explain the pro's and cons of any such move ? )

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The pound in your pocket

"We used to think that you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candour that that option no longer exists." James Callaghan

“The trouble with theoretical economists is that they don't understand that when you have a deficit, you can only finance it by borrowing, and you've got to persuade people that it's worth lending money to you and that they'll get their money back... there's no way of escaping it.” Dennis Healey during the 1976 Stirling Crisis.

"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens ... Lenin was certainly right. There is no subtler, no surer means of over-turning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." John Maynard Keynes, 1920.

"To preserve [the people's] independence, we must not let our rulers load us with perpetual debt. We must make our selection between economy and liberty, or profusion and servitude." Thomas Jefferson, President of the United States of America,1801-1809.

Inflation is taxation without legislation .. Milton Friedman