STEADY AS SHE GOES (UNDER)…
By ATWadmin On March 25th, 2010
Well, I have had the opportunity to study Labour’s final budget. Some right wing commentators shriek that it is wildly political. What nonsense! ALL budgets are political, and this is a typical socialist budget aimed at taking from the wealth-creators and redistributing to Labour’s heartland. The Middle Class is pummelled as usual and I can’t see why anyone is surprised at this, it has been happening for 13 years and will continue if we vote in wealth distributing leftists.
However this is all beside the point. The KEY part of the Budget is not what it does (Add tax, debt and depression) but what it does not do. Quite simply, there is no credible plan to reduce State Sector spending. It’s all wishful thinking that comes to nothing. Darling has chosen a fantasy economic projection and demonstrated how unsuited Labour is for Government. The UK deficit cannot be cut without pain yet all Labour do is making soothing noises and tell us that everything will be fine if only we support them.
Just so the +60% who lost their jobs in east Belfast know what they’re getting. A right winger who advocates right wing policies.
G
Oh, you mean like the Ulster Unionists who are now linked to the Conservatives? Or like the DUP who are looking to take £££millions out of health? Wonder will that affect the voters in East Belfast?
This all depends on what the cuts are, doesn’t it?. For example, TUV seeks to see substantial savings at NATIONAL level by ending the quangocracies (1150 and rising), by bulldozing the bloated bureaucracy in the NHS, by removing levels of pointless administration roles in Education, by streamlining government functionality, by not spending vast sums on welfare for third world immigrants that should not be coming here. etc if the Cons propose these we would carefully consider a response. I doubt that many people in East Belfast would lose sleep over these suggestions, do you?
And furthermore, the REASON so many jobs are being lost in EB is because of an economic climate partly brought about by the current Government. It would seem odd to support the continuation of such policy, although maybe the DUP think it should work like that. Who knows – they are rarely at Westminster to find out.
David -
Quite simply, there is no credible plan to reduce State Sector spending.
Reduce it? Darling’s just increased it by over 2 percent! When these criminals talk of "halving the debt by 2014" what they mean is "halve the annual budget deficit". So, even the government predicts a national debt of £1.4 trillion by 2014.
The thing is, this is predicated on explosive growth of 3%+ from next year on. This is fairytale economics. If the LibLabCon front sticks to these projections the debt will be past £1.4trillion in two years time because the shortfall in taxes will mean yet more borrowing.
And let’s not delude ourselves the Conservatives have any idea what’s going on. Osborne was on the radio this morning. Talk about hopeless.
On Radio 5 Live yesterday evening Phillip Hammond (Shadow Chief Secretary to the Treasury) actually said: "Of course a government must increase spending during a recession".
Give me strength.
What he means is he believes this Keynesian nonsense that government must spend our money to replace falling aggregate demand. Well aggregate demand falls when bubbles burst and our actions reset the economy onto a sound basis. Aggregate demand where? For shoes? Coal? Lipstick? Grass seed? How do they know where demand has to be propped up? All this government spending does is try to keep the bubbles inflated. The idea that aggregate demand falls again to worse effect when the spending runs out probably hasn’t occured to them.
None of them have a clue what they’re doing, so here we are, more than two years since Northern Rock went south, and the government is still battling against the economic forces which are trying to right the economy.
Labour are trying to tell us that debt is good and doing something about it is bad. What is worrying is that more and more people seem to believe them. These people think that everything will soon be alright and that they will not have to suffer. God help us.