BREAKING NEWS
 

£1,000,000,000,000 plus National Debt.

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Tuesday, November 20, 2012
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cassiebiker

Re. the article by Gary Streeter MP entitled .... "We need

to face up to the reality of our national debt".... Today's Western Morning

News page 13.

 

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Following a deluge of questions from worried constituents airing

their concerns about the economy, Mr. Streeter has asked George Osborne to promulgate

the magnitude of the national debt onto a big screen. He also uses numerals (as

per the headline of this article) to illustrate the current rate of debt which

stands at more than £1trillion and rising.

 

He goes on to quote other mind boggling figures before

stating that if everything goes well, we should be on an even keel again by the

year 2022. It's worth the cover price to buy a copy of today's Western Morning

News just to read the article in full.

 

It has been well documented that Labour got us into this

mess and the Tories pledge to get back into government was that they had the

tools to get us back on track after Labour had failed us. They talked the talk,

but now they have a very wobbly walk. Recessions have been part of the roller

coaster of life  and none of the

politicians saw this one coming. They are quick to blame Joe Public for

borrowing beyond their means but who was regulating the banks? Joe Public look

to their leaders and if money is being "given away", then with false promises

of better things to come, why not have an advance on the better times ahead.

 

It has always been a case of "Us and them" but no more so

than it is today. Perhaps they should refrain from watching the Jeremy Kyle

show and thinking that those who appear on it are representative of Joe Public

at large.

 

In parable form, two little yarns spring to mind to just

about sum up the divide between the those at the top of the pile and the rest

of us.

 

A naval ship runs aground and there are three survivors on a

desolate island. An admiral, a captain and an able seaman. The admiral suggests

pooling the food and water and dividing it into three equal portions. ""Today

we are all admirals and we are all able seamen, we will work together so the

three of us have an equal chance to survive this predicament".

 

A plane crashes in the middle of a desert. There are three survivors,

a leading politician, an oil mogul and a child. The leading politician says,

lets pool the food and water into three equal portions. The oil mogul bribes

the child with a £1m for its portion and says, "Look David, I need us both to

survive as I have some favours to ask when we are back in London and the child

can survive on any crumbs that might be left".

 

If, like the Titanic, Britain is foundering on the high

seas, the cry of "Women and children to the life-boats first" will no doubt be

reversed.

 

They tell us to be prudent and face severe cutbacks and in

the same breath......How much public money have they just spent on Police

Commissioners nobody wanted which, depending on twists of fate within the

political zone could lead us towards a police state. I saw the mind boggling

figure but can't believe it's not a misprint.

 

One even wonders how many Tory MP's will jump ship to UKIP

come the next general election.

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Comments

  • Profile image for Nikgee

    by Nikgee

    Friday, November 23 2012, 12:24PM

    “This "greed" system is wrong, until it is fixed it will never recover”

  • Profile image for Waltersmith

    by Waltersmith

    Tuesday, November 20 2012, 11:23PM

    “@vinnie_Gar

    It was all our faults”

  • Profile image for Hermes_001

    by Hermes_001

    Tuesday, November 20 2012, 9:45PM

    “Worth reading http://tinyurl.com/byhh3p3

  • Profile image for jabbathebutt

    by jabbathebutt

    Tuesday, November 20 2012, 7:57PM

    “The money for the new commissioner is well spent .... he said he wants to reduce crime . And there was I stupidly thinking that if the money had been spent on extra "real" police .... crime would actualy be really reduced.
    And nothing against the guy at all.... just the mind boggling stupidity and waste of money .”

  • Profile image for CharlieDodd

    by CharlieDodd

    Tuesday, November 20 2012, 6:59PM

    “Even the USA has a 16 trillion dollar debt, proving yet again that politicians everywhere haven't a clue.”

  • Profile image for Vinnie_Gar

    by Vinnie_Gar

    Tuesday, November 20 2012, 6:48PM

    “beowulf
    I don't wish to defend those spivs in the City but they weren't the main problem. We may even make a profit from the banking crisis.
    It was Blair and Brown (mostly Brown) who massively overspent despite having a booming economy. When the day of reckoning came there was nowhere to go because the whole thing was financed by borrowing.
    George Osbourne is a chap only a mother could love but, when in opposition, he said Gordon Brown hadn't "fixed the roof when the sun was shining".
    He was right.”

  • Profile image for beowulfonline

    by beowulfonline

    Tuesday, November 20 2012, 4:55PM

    “Obviously another Tory, who hides the real truth about our debt. It was the Tories paymasters the bankers & City of London who are primarily responsible for the UK's economic mess.”

  • Profile image for knucklehead

    by knucklehead

    Tuesday, November 20 2012, 4:52PM

    “Right on bro' Buzz”

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