I cam across the following amazing data on a log called Sturdyblog, to whom I give full credit and hoe they’ll forgive my copying such enormously important information:
So the government is going to cut its debt.
And as I noted they’re going to do that by increasing taxes at way over the rate of inflation, whilst cutting services.
And how is the equation squared? Why, they’re now predicting we’ll go into debt to pay for it.
I guess that’s one way to prepare RBS and Lloyds for privatisation.
But make no mistake – what this really means is that the groundwork for the next crash is being laid out in the government’s own plans as borrowing becomes the only way people can feed and house themselves and their families. Irresponsible lending will follow, and we all know where that leads.
I am sickened at their sheer gall. So should everyone else. And full marks to Sturdyblog for spotting this.