Man in a Shed: 25% Unemployment

Friday, April 27, 2012

25% Unemployment

Reports are coming in that Spanish unemployment is reaching 25% at the same time that the cost of borrowing is rising for it government, and we must assume tax revenues are going down as welfare goes up.

That's not financially or politically sustainable is it ?

Soon Spain will have to worry about things like paying to feed its population.

Soon countries like the UK will have to rethink the free movement of peoples in Europe, as our job market comes under yet more pressure and our own children ( maybe they are too pampered, but there still ours ) are unable to get that first job.

Soon the consensus on all this is going to snap.

In the mean time think about the appalling fact of 25% unemployment. Who's to blame ? The last socialist government ? The EU ? You can be sure a scape goat will be needed soon.

2 comments:

Bill Quango MP said...: In the mean time think about the appalling fact of 25% unemployment. Who's to blame ?

Is it Thatcher? It usually is.; 2:51 pm
James Higham said...: I had a Spanish friend who is a girl and her mother was a right-wing politician - they say the unemployment figures are massaged and far, far higher than stated, particularly in the regions.; 12:14 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