Man in a Shed: Less Tax + no cuts = more debt

Monday, February 28, 2011

Less Tax + no cuts = more debt

Announcements from Labour so far:

Cuts are evil - kitten murdering Tories and making too many and too soon.
Unpopular taxes are evil - like VAT ( even though they planned to raise it also )

How are they planning on funding this fools paradise ?

Debt

And of course the plan to get elected is to deny this fact.

1 comment:

Andy said...: Labour have provided no reason for why their slower cuts would actually work.
Slower cuts means more borrowing which means greater debt and the loss of our lender status being downgraded.
They HOPE that they can cntinue to borrow until we are out of recession.

This is delusional or more likely just more Labour lies.

With less money in peoples pockets then we buy less and more businesses collapse.

While our borders are open we have to share our revenue with more and more people.

The Conservatives and LibDems are as much to blame for the mess this country is in through their using politics to put bigger profits into businessmens pockets.

There is only ONE solution: Population reduction, but no political party would touch this policy with a barge pole. So instead the vultures arrive to pick the last scraps of economic meat from the bones of this road kill of a nation.; 12:10 pm

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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