Thursday, 6 December 2012

The Chancellor's medicine may be harsh. But Ed Balls would be economic poison

Daily Mail
"A few weeks ago I happened to meet Balls’s boss, Ed Miliband, in a TV studio. He said: ‘You don’t seem very impressed with what the Government is doing. Shouldn’t you be joining us?’ I responded that on the day he stands up and says: ‘I apologise humbly to the British people for the fact that the last Labour government, of which I was a member, wrecked the economy and squandered all our money,’ I might start to think about it. Miliband lapsed into silence, and on that note we parted.
......For his part, Ed Balls offers a far larger and more dangerous deceit: the scandalous pretence that we can sustain the lifestyle which he and Gordon Brown told the British people they could have, without earning the means to pay for it. If Balls ever had to practise his political principles as a businessman, his deceitful prospectus would be exposed as a Ponzi-style scheme that would earn him a stiff prison sentence for fraud. More seriously, if ever again he is allowed to get his hands on the Treasury tiller, any chance of restoring this country to solvency will vanish up the chimney. Every time we voters get frustrated by David Cameron or George Osborne, we must remind ourselves of the lurking Balls menace."

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