Saturday 25 June 2011

Where Greece goes now, we will soon follow

Christopher Booker, Telegraph
"Far more than most people realise, we in Britain are approaching a financial abyss almost as great as that into which Greece has been falling. Last week, the deficit on our Government's annual spending widened yet again, to £143 billion, which means that we are having to borrow nearly £3 billion a week. That equates to £5,700 a year for every household.

The BBC continues to prattle on about those terrible "cuts", as various groups of public sector workers plan the widest series of strikes we have seen since the 1970s. But when did you last hear the BBC tell us that our overall public spending is rising, not falling? When did the Today programme tell us that by the end of the year, our national debt will have soared to £1 trillion, having doubled in six years? "

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