JUST WHEN YOU THINK IT'S ALL CLEAR.
It is probably about six months since we referred to the C4 documentary by film maker Martin Durkin, about the parlous state of the National Debt; where he made it quite clear that the projected figure, at the time of the end of the disastrous Labour years, was £4.8 trillion and rising. The previous regime had instituted ongoing debt with, for example, a Euro support mechanism. As we all know, this was agreed to by Alistair Darling, after the General Election of May 2010. The aim being, to create as many minefields for the new Government. Labour's ultimate ruse is that, generally, the electorate will blame the coalition for the subsequent problems, and naturally they could succeed to this end.
However, the size of the debt is never referred to by politicians. Until this week the only reference the author has noticed has been in the letters to the press. It is refreshing to learn that there are other folk in the country who take the problem seriously. Enter the 'big guns'. All of a sudden, articles written by people with economic nous are beginning to appear. It is important, therefore, that we consider how a figure, which is now nearer £5 trillion, happens to be made up.
In addition to the aforementioned Euro support fund, (a fool's game if ever there was one); we have the public sector, bank bailouts, pensions, and national retirement. Add to the mix, private finance initiatives, along with plenty of extra explosive items to which the previous administration will have committed taxpayer GB.
What the public needs to understand is that all of this happened at the behest of the electorate; many of whom just soaked up this non-existent money as a right.
IS THE FAT LADY YET TO SING?
However, the size of the debt is never referred to by politicians. Until this week the only reference the author has noticed has been in the letters to the press. It is refreshing to learn that there are other folk in the country who take the problem seriously. Enter the 'big guns'. All of a sudden, articles written by people with economic nous are beginning to appear. It is important, therefore, that we consider how a figure, which is now nearer £5 trillion, happens to be made up.
In addition to the aforementioned Euro support fund, (a fool's game if ever there was one); we have the public sector, bank bailouts, pensions, and national retirement. Add to the mix, private finance initiatives, along with plenty of extra explosive items to which the previous administration will have committed taxpayer GB.
What the public needs to understand is that all of this happened at the behest of the electorate; many of whom just soaked up this non-existent money as a right.
IS THE FAT LADY YET TO SING?
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