Monday 27 October 2008

Gordon Brown can't spend his way out of trouble

Telegraph:
".....Gordon Brown's improvident, cretinous, wasteful, cynical, desperate, prodigal, incontinent response to the financial crisis."
" Labour has spent an additional £1.2 trillion since taking office. During 12 years of strong growth, low unemployment and high tax receipts, it none the less contrived to run the largest deficit in the world after Hungary, Pakistan and Egypt."
"Gordon Brown isn't borrowing because of some wrong-headed economic theory. He's borrowing because the money has run out. He has given up on winning the next election, and is happy to leave his successors with a country more indebted than at any time since... well, since the last Labour government."

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