I had an argument about six weeks ago with some tendy lefty over the consequences of HMG running out of money. Being a publically paid college lecturer and brighter than the average bear, he snorted The Government will not run out of money."Thats rubbish and you know it".
This morning it has hit home in the Guardianistas homeland 'education' that 144 colleges are going to be technically insolvent because the Government has run out of money to fund building projects on campuses.
It is slowly dawning on these halfwits that their party of choice (Education,Education,Education) has dropped the ball bigtime. All of the billions collected from us by threats and fines, has been thrown at the banks. There is very little left for unemployment benefit let alone an ambitious college building programme.
They are realising now that 'Government money' is in reality taxpayers money, and that having 49 % of the population supporting 51% of those in the public sector does not work, especially when it is the private sector taking the hit.
The Ministry of Defence is also desperately short of money. The primary duty of any Government is the Defence of the Realm, under Nu Labour it is seventh in terms of priority. That is why we are beholden to foreign powers to look to our defence, like the United States. This is delusional, the UK is not the United States first priority, the United States is.
The Government has all the hallmarks of a business going bust, 'debtors' no longer able to pay their bills on time,or are going out of business, the list of 'creditors' is growing, and cashflow is getting worse by the week, yet you have a management still taking on staff and spending like there is no tomorrow on current items, whilst putting capital projects on hold. The Managing Director is in denial, cannot see that he has done anything wrong, and the Board of Directors are too scared to remove him.
The Middle management of Government Plc are resigned to the fact the company is going to go dowm, and are busy stealing as many benefits and biros as they can before the receivers arrive.
Constitutionally only the Queen can dismiss the Government, and why should the Monarchy bother to take the risk of calling in the receivers.
Only the creditors are the ones that are going to call time, the fact that the Government have had the Police training for civil disturbance since last summer, proves that the Managing Director has been knowingly trading insolvently.
Gordon follows the Mexican Business Model.
"This is very common in Mexico. They come up with huge projects, start them off and all of sudden nothing happens," Cervantes said. "Some people say the state does not have any money and keeps making announcements to protect the economy from the global economic crisis. There might be some truth to this."
CRS on the streets in France today- as the French expect 'Government to protect their jobs'
The creditors are at the door for Sarkozy
Pompiers v the CRS in 2007- almost medieval warfare on the streets of Paris