Man in a Shed: Time to govern, time to choose

Tuesday, June 22, 2010

Time to govern, time to choose

"If it were done when 'tis done, then 'twere well it were done quickly."

"To govern is to choose."

George Osborne and the coalition need to take both bits of advice into account today.

Its going to hurt and it needs to be swift. All of Europe has now ditched Labour's insane debt apocalypse plan ( and is grateful not to have Gordon Brown lecturing them from the Kirkcaldy telephone directory on it at international meetings ) - only the self interest of selfish Labour party careerist leadership candidates defy reality any further.

Yes it will hurt - but Labour are to blame - but they will never accept responsibility. Which just adds wilful deceit to their other crimes against our nation.

I'm away around the time the emergency budget is read out. And I'm one of the people who has real things to lose in it all - but they were lost by Labour and George now has to choose and act quickly.

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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