The Daily Politics this lunchtime was going on about how none of the parties were telling us the truth about the financial deficit.
Vince Cable has warned that the Liberal Democrats would impose "more ferocious spending cuts even than Margaret Thatcher".
Am I missing something?
We need thirty billion (American billion) pounds sterling to halve the deficit in four years.
There are about thirty million productive taxpayers in the United Kingdom.
That's £250 per year per head for four years.
It's five pounds per week. Even my cousins who live in Bellingham (and have nothing) could afford that. Even my old friend who lives on the Marsh Farm Estate in Luton (and has less than nothing) could afford that.
So what is all this talk about savage cuts and unrest in the streets?
It's five pounds a week for four years.
Send out a hypothecated tax bill for £1,000 with payments spread over four years and let's just pay the money and get it over with.
Or am I missing something?
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2 comments:
Andrew
The maths doesn't work. We have a deficit of £164 billion in just ONE year.
Over five years that £800 billion if not tackled. The £30 billion you refer
to is just the reduction in the annual deficit needed to reduce the
STRUCTURAL deficit - i.e. that part of the deficit not caused by the
economic cycle. Even with that £30 billion, it still leaves a structural
deficit of £37 billion. SO the proposed cuts don't even start to scratch the
surface.
Put it another way.
30 million economic individuals, support a deficit of £164 billion - that is
£5500 EACH, and EVERY year. The total national debt is approaching £1000
billion - that's £33,000 per economic individual.
Take a look at this website.
http://www.debtbombshell.com/
And
http://www.debtbombshell.com/uk-national-debt.htm
Now you understand the sheer economic catastrophe that Labour have created
and we are having the pleasure of inheriting if DC gets into number 10. Oh ,
and by the way, this excludes the "off-balance sheet" pension liabilities,
which will be close to doubling the debt.
Peter
But David Miliband on the Today programme this morning said everything was fine.
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