Thursday, December 10, 2009

On The PBR

By cutting spending you lower the trend line of growth and store up bigger fiscal problems down the line.”

I commented on Duncan`s blog this thread is well worth reading lefty Duncan gets a savage mauling. So is this one from the curtaes egg of a blogger Cicero`s songs . Here he is on tremendous form

I see , well lets spend lots and lots more then.. come to think about it we should obviously have started long time ago when that pesky 40% rule prevented us having a Party for ten years instead of going to work . Wheres the down side , can`t see it myself , its good for the Economy aint it ?
I’m just so grateful that we got ourselves into a spot where we are spending £5 for every £4 we get in so all this fabulous borrowing has some excuse ( as if it needed one ..hic pass the Champers )Does it concern you at all Duncan that the Polly Anna Ecomonic pundits may klook so silly that they /you will become comical? Ridiculous , hated even when the dreadful day of reckoning comes ?
Does ayone seriously think there is the smallest chance of Darlings revenue projections actually arriving .They never did in the good times when asset boom quids were plumping up the swag bag.How is that going to be repeated , and even if it was, why would revenues that came from one sort of a boom be replicated in what would have to be an entirely diffrent boom ?Are you going to defend the tax hike on jobs …oh sorry Nat Insurance , the almost criminal bribe to the old ? Can you not admit that we would have been far far better off if we had not over borrowed ,sacrficed growth for high taxes and fatted up the least useful bit of the Economy on the basis they vote Labour.
Heck why not defend “Evil” ands really test your powers of distortion, this is too easy


Anonymous said...

The whole thing is cynical infuriating rubbish - no wonder we despise politicians.

Auntie Flo' said...

Excellent, Newms. Thanks for the links; gripping, in a morbidly grim sort of way...

Now, which of HM prisons we should send Blair, Brown and Darling to?

Weekend Yachtsman said...

"By cutting spending you lower the trend line of growth "


Only if immediate short-term electoral advantage is your aim, which in Darling's case we can assume it is.

Otherwise, lowering (state) spending increases the trend line of growth, because as any fule kno, money will be spent more productively if spent by its owners than if taken in tax and spent by bureacrats.

Newmania said...

Quite so all , quite so

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