Oh Dear David....
24 January 2013
Yesterday should have been a good day for David Cameron.
Yesterday should have been a good day for David Cameron.
He made a good speech on the EU and set out a path on this most difficult of political topics that the Conservative Party can rally around. The only Conservatives who would object being the tiny rump of pro-Europeans who have had their day and are an irrelevance, though you can expect the BBC to 'big up' these dinosaurs.
He struck the right balance to come over as moderate while setting a course that could lead to our exit from the EU or at the very least a more acceptable arms length relationship with an end to 'ever closer union'. In short the best chance the EU has of keeping it's cash cow is to agree to renegotiations and hope their concessions are enough - we will have to see about that. I doubt it will be as long as they expect us to pour £billions into that corrupt organisation. But the details are for another day..
Then he had a good PMQs and to cap it all Milliminor blundered....
So why, oh why, did he have to go and ruin such a good day with that terrible party broadcast.
What on earth was he doing using the kind of lie that Gordon Brown would have been proud of, it was a true ''Brownie''.
To claim his government is 'paying down debt' is simply a lie. The UK will not start 'paying down debt until the deficit has been eliminated and we are in surplus in the current account. It would have been more correct to say that the deficit has been reduced by a quarter and that we are going in the right direction.
The simple fact is that the UK's gross public debt is still increasing. It is fair to say that technically the UK's net debt has been decreased by a third but that has only been achieved through QE - what we used to call printing money and debasing the currency. This latter will still have to be paid for, by us, in higher inflation in years to come. Effectively the government (or rather the Bank of England) has tried to alleviate one problem we have now by stacking up another problem for the future.
We should be able to expect better from David Cameron than that shoddy broadcast.
- Barry, are you calling David Cameron a liar?
The fact is, we are paying down debt.
We pay each day something like £200 million alone on the interest of our Public Debt.
In the past when I have explained that we need to drastically reduce the Public Debt so as to cut these interest payments - which currently amount to about £50 billion a year - by carrying out necessary equalising policies, you have defined me as a dictator.
Now you call the Prime Minister a liar.
Really this does me justice, as it shows it is not just me who says things as they are. - Alexander - yes I am. We are not paying down debt for the reasons I mentioned. The deficit has only been reduced by 25%, the remaining deficit is being funded by the issuance of bonds, borrowing in other words.
This is a fact.
Paying interest is not paying down debt, it is just servicing the liabilities.
As for your so-called 'equalising policies' that is frankly laughable and a recipe for economic Armageddon and are such that it would require dictatorial government such that Stalin would be proud to lead. Totally at odds with a democracy. - No 10 has now admitted to what I have said. Just seen a Speccie report, what is more Fraser Nelson identified the same 'porky' as I did.
http://blogs.spectator.co.uk/coffeehouse/2013/01/after-party-political-porky-pies-number-10-admits-debt-is-rising/ - oh dear anonther fine mess from number 10/11 downing sreet.
- Well it appears your suggestions for reducing the annual deficit by cutting spending deeper and faster are not being accepted by 10 Downing Street, Barry.
But I think the Prime Minister is not open to fruitcake policies. - here end'th the serman.will some one turn the lights out please.
- Barry when all is said and done and a million words are spoken about this bloke at the end of the day you must accept that He is an idiot.
No question. - No, not an idiot Philip, a politician - there is a distinction and, as I have said before, politicians are the worse people to put in charge of money and the economy as it allows them to buy votes. It just happens that some politicians are worse than others and go too far with it wrecking the economy as did Brown.
Alexander - when you are deficit spending you have to cut that spending to sensible levels and debt cannot be reduced until you do. The reason the economic pain is so long drawn out is that spending is not being cut deeply or quickly enough - a more vigorous approach and a spot of boldness will help get a recovery going faster but even then the level of private debt will hold it back.
The real fruitcake policies are the foolish ones that have previously destroyed whole economies in other countries, like the theft of private property as you advocate. - I've never advocated theft of private property, Barry.
But I know that you have claimed I have. I've been wrongly accused.
In fact I'm following very closely how you have turned on the PM, because if ever you got to power, it's pretty clear that all my career would be object of one systematic persecution. - Alexander. If I 'got to power' as you put it, you would just be ignored. I would not have time for your fantasies and could not be bothered with them.
The theft of private property, confiscating the wealth of the rich, is something you have harped on about many times.
Incidentally, I have not turned on Cameron (or Osborne). I remain a supporter overall but that does not stop me from being critical when I feel it is appropriate. - I am very careful to protect my Liberty from people like you who only insult me, Barry.
You are following an agenda of systematic moral assasination!
Cameron is a dreadful PM, for a long time, rightly or wrongly, he blamed the hindrance of the libs. I'd be amazed if were leader at the GE, the tories are nothing if not ruthless and they'll bin him.