Tuesday, September 29, 2009

Brown refuses to stop national debt rising

So Labour have used their play on words (in Brown's speech ) to give the impression they will do something about the government's financial crisis by saying they will shrink the "deficit" knowing that most people will assume this means the national debt. It doesn't.

National debt will continue to rise - the interest on it will increase as our credit rating is reduced and even more savage spending cuts will be forced on future generations - all to for fill Gordon's childhood dream of winning an election as PM.

If Labour win in 2010 then the IMF will be in to help drag us out of an Argentine style financial disaster.


James Higham said...

The IMF will be plunging us into debt to international financiers.

Barking Spider said...

I believe Brown's dream will remain just that, MiaS. No-one in their right mind will vote for him so that only leaves the hard core supporters, and even they don't want him.

Man in a Shed said...

@JH - yes and the Chinese and Brown's new G20 where our new owners can run the world.

@BS - It occurs to me that Brown's speech was much like a Lib Dem leader's - full of promises to grab votes which are unaffordable - but safe in the knowledge he will never have to implement them.