THE LAST DITCH
Dave Denies Debt Truth – Guy Fawkes' blog.
Being fair, if you follow the ‘established’ line the graph would have taken before it sloped off it would be scarily higher now than the scary figure it actually is now.
So Cameron isn’t getting the electorate in the doo-doo quite as fast as was happening before the election, so maybe he got confused? On the other hand his lips were moving. ^_^
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Those “cuts” in government were brutal.
That is if you define a “cut” as increased spending, which is quite possible in the Alice in Wonderland world of “budgetting” that our politicians live in.
Perhaps in their rigged LIBOR and zero-interest world where the government buys it’s own debt they forgot that older debt had interest to be paid.
I do not blame Eton, this is a product of Oxford PPE, seems that everybody who exits that program is divorced from economic reality.
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Don’t they claim to be reducing the deficit mostly?
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Usually yes. But Guido is referencing a leaked letter to Conservative MPs in which Cameron said the government was paying down the debt.
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Thank god they are not paying down the debt, as the evonomic consequences would be catastrophic.
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As for Cameron being a liar… duh? These are the people who claim that the government debt will impoversish our children… complete nonsense which can only mean something if you ignore the difference between an individual and a country…
What are George Osbournes qualifications for being in charge of ou countries economy and what proportion of David Camerons PPE was E?
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All the Etonians I have had the privilege to know as personal friends or associates have been charming, honest and upright individuals.
I could name about nineteen, so it’s not a very big sample at all, but they all conformed to the type I said and one could almost apply, in statistics, the “central-limit-theorem”.
Yes, Tom, it’s not the Etonians that are the difficulty. I think that the problem with the ones that decide, rather early in their lives, to “enter politics and/or PR” is that they have some other sort of personality-disorder, which is still not corrected by the kind of classical-liberal-education that the teachers at Eton try to inculcate into the buggers.
Why are not you and I now – not only “in Parliament” – but at the “top of the greasy pole”, directing matters? The answer is that we didn’t want to go there. We had lives to lead and stuff to do.
Whether Eton wants to disown the bugger is up to it. I doubt that they’d spend much time on this matter since they are, as I hope, concentrating on educating their young men to become the charming and honest humans that I describe and have met over the years.
You and I and most of your readers didn’t think like the likes of Cameron. We were what my mother would have called “norrr-malll” (she was Lebanese, and pronounced the element “iron” as “Iy-rronn”…as in “irony”, but with the first vowel “iye” and the internal consonant “r” hyperstressed.)
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I have often stated that, as Prinicpal Secretary of State for War, I would have the Oxford PPE course shut down instantly, and the “teachers” dispersed in “strategically-focussed positive resettlement programmes going forward”.
Their “resettlement” would “encompass green objectives, and so it would be in rather exciting places where there is a lot of wind, no “natural resources” (they don’t like people using these, so they shan’t have any themselves) no tree-cover (at all) and “weather” – a lot of it all the time – 24 hours a day, seven days a week, 365 days a year.
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On the contrary. The current economic catastrophe is a consequence.
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Mark, What do you think repaying the UK war debt did to the UK economy and competitiveness? for decades If it had not been for that you would be living in a very different country right now.
Google it… It took nearly 10 years just to get rid of rationing.
Whatever Osbourns qualifications I figure yours are not quite as good.
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Actually, funnily enough, I have exactly the same qualification as George Osbourne – though you are right in the sense that his University was a little more prestigious and that I have never been a member of the Bullingdon club…
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That’s so right Mark. You just ignore my main point about an historical similar circumstance that suggests you are in fact wrong and go right on about Osborne.
You know pefectly well I only mention Osborne as a jokey side remark and it lets you sidestep answering something you can’t easily refute. Playing games?
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I think that the Americans were determined to destroy Britain as a world power.
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Yes you may even have an element of truth there. But it is a side issue.
There is a concrete historical example of the drag paying government debt has on the UK economy, for a generation or more.
Of government debt “impoversishing a generation’s children” as you so dramatically deny the possibility of.
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Oh Tom, That whole post must be invalid, at least according to some of the more “unreasonable” bloggers, on account of it being based on ‘official statistics’ and they obscurely just don’t accept them.
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Ethics free and strategic vision free.
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There is a massive difference between fixed exchange and free floating currencies – there is also a massive differenc between borrowing in your own currency and in someone elses.
I suggest you google that.
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It’s ok Mark. I think I get that nothing moves you from any “argument” you make and no matter what I say you just sidestep. NP. Whatever.
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Tom is a retired international lawyer. He was a partner in a City of London law firm and spent almost twenty years abroad serving clients from all over the world.
Returning to London on retirement in 2011, he was dismayed to discover how much liberty had been lost in the UK while he was away.
He’s a classical liberal (libertarian, if you must) who, like his illustrious namesake, considers that
“…government even in its best state is but a necessary evil; in its worst state an intolerable one.”
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The Last Ditch by Tom Paine 
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