Man in a Shed: Clear blue water at last

Tuesday, November 18, 2008

Clear blue water at last

David Cameron has announced the break with shadowing Labour's economic plans.

The Conservative party is now going to oppose enslaving our children with debt piled on by worn out Labour politicians anxious top keep their public sector salaries and pensions.

The snap election borrowing bribe is now looking more difficult for Gordon Brown to pull off with impunity.

Indeed there are reports of a rift between the current Chancellor/Treasurey a nd Gordon Brown on this.

Politics is about to develop substance again ...

I am also starting to notice people losing their jobs in my locality. Again any tax bribe in peoples pay packets here will be hidden away like it has been grasped by a starving squirrel.

The Bust has finally come. The only question is how long Labour will leave the spending drunk Brown at the wheel.

Update: The Conservative poll lead is reported as at about 3% - given the bias in the electoral system that means Labour could win a general election. This means politics is about to get very lively indeed.

2 comments:

marksany said...: Well, it's a start. Shame it has taken the complete collapse of the global economy for Call Me Dave to become a tax cutter (and not much of one at that); 3:46 pm
AloneMan said...: Delighted to see Cameron at long last starting to question the Labour spending commitments. To my mid though this is still some way short of preaching the virtues of sound money; to do that would mean spending cuts and a lot of guts (poetry !) and with an election potentially just round the corner I don't think he's going to do it.; 4:53 pm

Post a Comment

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