Those Massive Spending Cuts in Full

Listening to the BBC or reading left-wing newspapers and blogs would lead you to think we were about to suffer shock-doctrine economics at the hands of the Coalition requiring martial law to enforce.  The fact is that at the end of this parliament government spending will be up another 9%.

The public sector is merely looking at below inflation spending increases, but increases nevertheless. There are not going to be across the board spending cuts, there is going to be a re-prioritisation of resources, with slower overall spending growth. George Osborne is no Pinochet…

Incidentally it could be worse, in Obama’s United Soviets of America the White House is planning (Brown-style) to maintain 10% deficit financing next year. Within a generation the White House itself is predicting a 25% deficit. Which means Greek style bankruptcy…

mdi-tag-outline Boom to Bust Cash
mdi-timer June 28 2010 @ 08:51 mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-printer
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