Wednesday, February 04, 2015

WE'LL GET FASCIST BILDERBERG AUSTERITY WHOEVER WE VOTE IN

So in 2007/8 we bailed out the banks. The Tories said they'd sort it out.

Here is the national debt since 1992...ALL 1.7 TRILLION POUNDS OF IT.


Here is that debt as a percentage of GDP.



[Data from ONS]

After years of Tory fascism and war, then years of Labour fascism-lite and more war, followed by more Tory fascism and yet more war, what do we get?

1.7 TRILLION POUNDS OF DEBT and that debt becoming more and more unpayable as it increases as a percentage of our GDP.

So how are we going to pay it back?

Well, it would help if we knew who we owed, but the muggins British public is not allowed to know.

But here is an encouraging, heartwarming article in the FT:
All the main UK political parties are likely to raise taxes and borrow more than planned, the Institute for Fiscal Studies said on Wednesday in a detailed analysis of the problems facing the next government.

The new administration will also have to attack some of the foundations of Britain’s welfare state if it wants to avoid even stronger public spending cuts, the IFS said In its annual pre-Budget analysis.

[source : IFS warns over need for higher tax rises, FT, http://www.ft.com/cms/s/0/9a83d67c-abcf-11e4-b05a-00144feab7de.html?siteedition=uk#axzz3QmLvnGzY, 4th February 2015]

Do those graphs remind you of a rising balloon of unpayable debt?
5th Dimension - Up Up and Away

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