Posts Tagged ‘spending’

Shock Labour Defector – To The Tories?

November 15, 2013

After asking a few days ago, in the wake of criticisms from John Major, David Blunkett and Jack Straw of the parties whose governments they served in, we asked who would be the next political elder to defect to UKIP.

The defection, when it came, was a shock. Ken Livingstone turned against Labour and the loonytoons economics advocated by shadow chancellor Mr. Bollocks and embraced Thatcherite monetaraism.

from The Daily Telegraph:
Ken Livingstone, the former Mayor of London, has accused the Labour party of “cowardice” for building up billions in debts rather than taking difficult decisions on tax cuts and spending.

In a speech to a campaigning group on Saturday Mr Livingstone accused Gordon Brown of borrowing too much in the boom years.

Mr Livingstone said: “Gordon Brown was borrowing £20 billion a year at the height of the boom in the first decade of this century in order to avoid having to increase taxes, because he wanted to increase public spending.”

The former Mayor described the racking up of debts as “an act of cowardice” on the part of the Labour party.

Mr Livingstone appealed to Ed Miliband, the Labour leader, not to borrow more. Referring to Mr Miliband and Ed Balls, the Shadow chancellor’s, plans for the economy, he said: “I don’t believe that borrowing is your way to the future.”

As Livingstone is going against Labour’s traditional policy of saddling future generations with unserviceable levels of debt inh order to buy working class votes by handing out cash benefits, we must assume Red Ken’s political career is over.

On the other hand it might just be that he’s the same old hypocrite he always was and will embrace anything he thinks might help him cling to a sliver of power a little longer. I mean, he’s already endorsed Sharia Law and you can’t get any more conservative than that

Copper and Cuts

July 2, 2012

H M Inspector Of Constabulary has warned that because of the cuts necessary to bring runaway public spending under control before the government deficit takes us into the territory currently occupied by Greece, Spain and Portugal, the boys in blue will no longer be able to protect the public (BBC News Police Service Worsened By Cuts).

Several points occur to Little Nicky about this.

(1) How long it it since the police could be arsed making the streets safe for the old, weak and vulnerable to walk. And if you were beaten up and robbed in your own home how long is it since you could expect any reponse from the police beyond PCSO Tiny Littlebottom coming round on his Raleigh Chopper two days later to give you some leaflets on victiom counseling.

(2)As the many faced beast that is the poliical left start kicking off about this, let us not forget that it was New Labour that decided all crims are victims of society and so the victims of crime are as guilty as the perps. And who was it decided that to dish out penalties appropriate to the severity of their crimes violated their human rights?

(3) As Little Nicky regularly runs up against lefties who yearn for the New Wold Order federalisation of Europe and a totalitarian global government and are wringing their hands, wailing and gnashing teeth at the prospect that we might be heading for a more distant relationship with the New World Order European Union it is my duty to point out that the £40 million a day we stump up to fund the gravy train riding bureaucrats of Brussels whose fat cattery makes even the greed of the most bastardish banker look positively anorexic could put a lot of coppers on the beat.

(4) The whining of H M Inspector Of Constabulary reflects nothing but self interest from senior coppers. Who was it took officers off the beat and out of patrol cars and put them to work issuing speeding fines, ASBOs and accompanying fines, parking fines, fines for this, fines for that and fines for possessing a threatening beard. The percentage of police officers who are actually assingned to crime fighting and crime prevention is pathetically small. The percentage assigned to revenue collection, bean counting and paper shuffling is gobsmackingly large.

(5) What effing cuts. Not one penny has yet been cut from public spending. Only the planned increases have been cut.

Europes Crisis Is Going To Get A Lot More Insane

May 14, 2012

How would you go about solving your personal debt problem if your credit cards were maxed out, your overdraft was over it’s limit and your income would not stretch to buying basics after all the interest on your morthgage and loans had been paid.? Go to a loan shark? Of course not, that should be a no brainer even for politcians and bureaucrats. But it is exactly where Europe is heading.

Euro-Lefties have been having a thin time of it recently. Only three per cent of EU citizens live under socialist or socialist-led governments. The European People’s Party is the largest bloc in the European Council, as measured by voting weight, second are the European Conservatives and Reformists, who edge ahead of both the Liberals and the Socialists.

That, though, is about to change. France,a nation in which the state consumes 56 per cent of GDP, even more than our own greedy government – monster, and whose budget was last in balance in 1974, has just elected François Hollande who, on a platform of ‘growth, not austerity,’ (if only achieving it was as easy as saying it) will try to create illusory growth in the economy by borrowing more and more money at ever higher interest rates and giving it away to the lazy, the shiftless and the corporations whose business is built on mining taxpayer’s pockets.

Greece, which also voted when France did and now must vote again, is inclining toward a pack of communist parties; the politicians there who talk openly of the need for cuts currently command less than seven per cent in the polls.

Fortunately the parties of Greece’s fragmented left hate each other more than they hate the bankers who screwed their country Romania, too, is about to install a Leftist ministry, following the defeat of the last government’s austerity platform. As other elections follow around the poor nations of Europe, we can expect more of the same.

The invevitable result of this will be that Europe will return to and intensify all the policies that brought it to its present unhappy condition: loonytoons spending, unsustainable borrowing, obscene levels of taxation, deeper fiscal and political integration integration. Voters, protected from reality for too long by the EU’s overgenerous benefits system are in not willing to accept less generous benefits and pensions. They’d rather be told what they want to hear that the money can somehow be got out of the rich.

A politician who admits the truth that the rich, a tiny fraction of the total population, have nothing like enough to pay for all the things that modern governments want to do is liable to have rotten fruit, dead vermin and molotov cocktails thrown at him … by member of his own party.

Even in the north European countries that still recognise the virtue of financial discipline the Centre-Right parties in government have done little to bring spending under control. All are running deficits that would have been catastrophic a generation ago. But like the other Elepphant In The Room, immigration, nobody wants to talk about it.

For Britain, official Treasury figures show that, contrary to almost universal belief, total public s ending is higher today than it was under Gordon Brown. The left constantly scream abouut the unfairness of the Coatolitions cuts but the Coalition austerity measures have not reduced spending by one penny. All that has been achieved is a lowdown in the rate of acceleration at which we are amassing debt.

The EU is in a downward spiral. The worse things get, the more reluctant its governments are to tackle the underlying problem of excessive expenditure. Lacking any alternative narrative, voters blame the lack of growth on ‘cuts’, ‘bankers’ and ‘deregulation’. They then support parties committed to even higher spending – which, of course, exacerbates the problem. And, as if national governments were not burdensome enough, Europeans must also contend with more rules and more taxes and a headlomg dash towards fascism from Brussels.

The E U is insance and growing more psychotic by the minute. We must get out. Ignore those wimps who say it is impossible; unless you want to live under a system of oligarchic collectiveism (see George Orwell’s 1984) we simply cannot allow it to be impossible. FFS we stood up to Hitler’s Wehrmacht, have we become so weak we are prepared to let a bunch of penpushers in Brussels destroy our nation?

RELATED POSTS:
Watershed moment in US – EU relations
UK Government Report Confirms Huge Abuse of EU Free Movement Rules
Eurogeddon, the Euro zone debt crisis
Death of the Eurozone
Europe becoming a bureaucratic empire
Eurozone sovereignty
Sacrificing the future to save the Euro
Europe: Death of democracy
more on the Debt Crisis

Schumpeter’s Warning and the economic mess