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  A report has set out the cost of Gordon Brown's spending binge in terms that we can all understand in the way it affects people.
  
  National Institute for Economic and Social Research have offered three options for the Government to bring public finances back under control.
  
  The first option is to raise the state pension age, from 60 for women and 65 for men, to 70 between 2013 and 2023. As I know in my professional capacity the present Government policy would raise the retirement age for men and women to 68 by 2046. The difference between these by age and the required accelleration of the process is the cost of Browns binge.
  
  The second option ia to raise the basic rate of income tax by 15p in the pound. They say that tax would have to rise by as much as 8p in the pound even if the retirement age was increased.
  
  The third option is to cut government spending by 10%. This is a real cut, not just a reduction in growth.
  
  Personally I believe that the third option is the one to go for, except for one thing. I dont think it goes far enough. I believe a cuts of 20% in public spending are justified and possible. We need to really cut back on the role of the State in our lives and not just play around with it. Canada did something simular in the 1990's and have not looked back. Time is ripe to act.

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