Friday, 20 November 2009
Where Its All Coming From 2008-2009, Every Picture Tells A Story
If we cut government spending to what it was twelve
years ago, you could scrap Income Tax (that temporary tax brought in to
fight the French), switch National Insurance to a basic medical
insurance that does not require mountains of bureaucrats and
accountants to play with, and you have dealt with near 50% of public
Yet with all this they are still borrowing money like it is going out of fashion.
Britain's deficit will remain higher than any other major country, including even
Iceland and Ireland, unless the Government takes far more drastic action to repair it, said theOECD's acting chief economist Jørgen Elmeskov.
It is just not going to happen the Fuhrerbunker is still promising more spending on 'our people'.