Osborne's financial irresponsiblity

by Lone Wolf Tue Jan 20, 2015 7:02 pm

YAY! TORIES OUT TO BREAK ALL PREVIOUS RECORDS !!!

TYPICAL Conservative behaviour..

AND such economically-suicidal behaviour is currently being repeated by other economically-clueless Right Wing governments around the world ~
Australia's 'Liberal'-National coalition, Argentina, America's Republican-led Congress, the Nationalist gov't in Russia, and across SE Asia and Europe ~
THEY'VE all been borrowing up recently !

And NOT for "good debt" management either, mind you (i.e. such as investing in 'infrastructure' [e.g. transport, water, communications and education/knowledge distribution, power/energy, schools and hospitals, waste handling..]; 'health and welfare' [e.g. medical services, retirement and nursing home, public housing, community services..]; helping industries update/relocate/change because of adverse political decisions, or helping the country through 'research and development' [e.g. sciences, industrial research, alternative energy, agriculture-forestry-fisheries..]..).

BUT RATHER we continue to see them spending their ill-gotten gains on such typical 'wasteful' conservative policies, such as :
* Making the fabled "Balanced Budgets" the centre-piece of gov't policy;
* Giving BIG tax breaks, subsidies, corrupt contracts [e.g. Ethanol, 'Privatised' Jail and security services..] and special rebates to their selected millionaire/corporate/multinational friends and backers;
* Shrinking the Public Service, Public services (i.e. Education, Health, Welfare..) to basic 'subsistence' levels;
* Increasing spending on Policing and Military until it's way out of line with the economy/budgets overall;
* Throwing money away on helping industries in such negative areas as fossil fuels, GMOs, polluting industries, building oligoplies (e.g. supermarkets), exploiting pharmacutical markets;
* Investing public monies into bad ideas (e.g. investing gov't funds in bundled "Low Doc" loans, shonky real estate, grossly over-priced shares, "junk bonds"..). Osborne's financial irresponsiblity 3893789544

Osborne's financial irresponsiblity 3893789544

by Irn Bru Wed Jan 21, 2015 8:18 am

Every single fiscal target missed. Borrowing more because he couldn't do his sums right. He said the deficit would be gone by the end of this parliament. It's just half that and going up again.

Get the clown out and banish him completely from any responsibility for United Kingdom plc.

by nicko Wed Jan 21, 2015 10:07 am

IRN,do you not think Brown had a little bit to do with the deficit?

by Irn Bru Wed Jan 21, 2015 11:02 am

nicko wrote:IRN,do you not think Brown had a little bit to do with the deficit?

Hello nicko, up until the Tory backed banksters blew the finances apart the deficit under Labour was perfectly manageable and lower than they inherited from the Tories in 1997.
There is no excuse for Osborne who has missed every single target and he has also lost our triple A credit rating.
The guys a chancer who would be better sticking to pasties.

by Irn Bru Wed Jan 21, 2015 11:30 am

From the Institute of Fiscal Studies - 2010

By 2007 Labour had reduced public sector borrowing slightly below the level it inherited from the Conservatives. And more of that borrowing was being used to finance investment rather than the day to day running costs of the public sector. Labour had also reduced public sector debt below the level it had inherited. As a result the ‘golden rule’ and ‘sustainable investment rule’ that Gordon Brown had committed himself to on becoming Chancellor in 1997 were both met over the economic cycle that he eventually decided had run from 1997–98 to 2006–07

And remember, in 2007 Osborne had promised to match Labour's spending plans when in government.

Like I said - a chancer.

by Guest Thu Jan 22, 2015 6:54 am

Difficult to be financially responsible when you are taking Coke

by Irn Bru Thu Jan 22, 2015 7:55 am

He looks really rough in that. It's a wonder Dave didn't lock him in a cupboard to sleep it off for a while.

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