Whilst fossicking around on the internet I discovered on The Office of National Statistics web site some data on the National Debt:
It seems that in December 2007 the National debt had risen to £619,000,000, 000 (£618..8 billion to be more precise.)
+ some £30 billion in tranche 2 of payment for Northern Rock (the chums & jobs of a large number of voters in Labour seats hence the ready supply of OUR money)
+ allow a further £1Bn for the current tidying actions and present Labour leadership panic gives us.
A National Debt of £650 billion.
Now that sounded a lot of money to me when you realise that there is a static population of 55-60 million men women & children in Britain which would indicate that a baby in Britain is born owing £12,000 as a result of the economic illiteracy & incompetence of Tiny Blur & his Chancellor Gordon Brown!
Well about then I thought I’d look more closely & it got worse!
It would seem that shortfall on Government Pensions would seem to be £720 billion.
+
There seems to be a shortfall on Local Government Pensions of over £90 billion.
So that means a National Debt of £1,460,000.000,000 = £1,460 billion or £1.4 trillion.
Thus It seems our notional baby is born owing £26,545.
Well about then I thought I’d look more closely & it got worse!
I then realised that these figures did not include the debt of P.F.I. so I went searching!
I found this a harder figure to ascertain but eventually tracked it down as being around £1.3 trillion.
So that means a National Debt of £2,760,000.000,000 = £2,760 billion or £2.7 trillion.
Thus It seems our notional baby is born owing £49,000!!
Well done Labour that is a staggering debt that you have incurred by your utter incompetence during your 10 years of profligacy and irresponsibility – Clearly Gordon Brown is the very very worst Chancellor in the history of these United Kingdoms.
TODAY WE HEAR:
The economically illiterate fools we have as a Government have authorised WITHOUT PERMISSION the takeover of HBOS by Lloyds TSB. Free of being controlled by our natural competitors and historic enemies in the central and undemocratic and unaccountable bureaucrats of the EU Brown, Darling and their crew of fools could have made such a decision but do remember the EU’s competition rules which requires their approval for such a decision.
Brown & Darling have risked incurring yet further debts for the British peoples as the EU Directorate General are obliged to implement a decision making process to approve or reject this cavalier & irresponsible behaviour. The DG is further obliged to accept the decision of the Investigation Officer & his independent committee.
Do consider the recent takeover of a British Bank by The Spanish owned Santander Bank – they had to get clearance and one of the stipulations of this takeover was that there was adequate competition in situ – will the amalgamation of Lloyds TSB & HBOS alter this fine balance and make the arbitrary decision of Brown & Darling invalid and thus not only liable to a massive fine for being in breech of our central Government’s Diktat – alternatively will such a cavalier decision lead to massive claims against their decision being upheld in the ECJ, on behalf of shareholders, mortgage holders and the like who can establish that the decision was contrary to their interests or profit – will Santander claim that this has altered their relationship and thus the cost & value of their investment? Etc.
Will this decision lead to large job losses in Halifax where The Building society is THE largest employer or will it lead to a large number of jobs being lost in Edinburgh at BoS HQ thus handing Alex Salmon a golden propaganda gift that could lead to popularity of his idiotic concept of an Independent Scotland?
It does seem particularly unwise of these, now petty officials at Westminster, to gamble in such a cavalier manner when they are clearly superseding their authority by making such decisions which are in the remit not of Westminster but in the hands of our central Government at Brussels.
SO JUST TO RECAP:
It would seem that The Present Government have incurred a debt of some £2.7 trillion in 10 years AND funded their cronies by propping up Northern Rock and gambled the future of these United Kingdoms by lack of competent decision making over handling the so called ‘credit crunch’ which was clearly and unequivocally been predicted by amateurs like me for several years.
I also notice that the EUkip is advocating a ‘Flat Tax’ – should this not be renamed a ‘Flattening Tax’ as I do not think they have given ANY thought to how their new tax promises might repay debts of £2.7 trillion!
Then we have Labour with lies and cheating putting ALL their voters, based on 2.2 children per family, into over £200,000 of debt per household on top of their personal debts and mortgage! No wonder they have introduced such a huge number of stealth taxes.
This afternoon we had the politically lightweight Nick Clegg talking of lowering taxes – he is clearly almost as stupid and economically illiterate Vincent Cable – perhaps Vincent Cable would care to tell us just how he aims to pay off the £2.7Trillion of debt Labour has created in buying 3 elections and handouts for their mates, cronies, selves and consultants in QUANGOs! It seems Nick Clegg’s understanding is almost as light weight and ill informed as his childish ideas on Green Energy, big on criticism but totally bereft of a competent workable solution!
To be fair The Tories have just about twigged that they can’t reduce taxes and just to stand still, without implementing a single change will have to increase taxes if they are to survive. IF & it is no certainty, The Tories are elected with Cameron as leader it is very unlikely they will survive their first term due to the debt they have inherited and the obvious and glaring incompetence of Cameron.
BLAIR & BROWN:
Squandered a staggering amount of money reducing the National reserve, selling some 650tons of Gold from the reserves and incurring a debt of £2.7 trillion in excess of annual income. Also do note that in the last 10 years:
The Health Service is in near free fall unable to fund essential drugs & introducing EUthenasia for selected groups.
The transport system has both in terms of track & rolling stock deteriorated.
Roads are less well maintained.
There are less Police active on the streets.
Crime has increased dramatically.
Prisons are so full that violent criminals are being let out early.
Our Military are inadequately equipped.
Control of our borders has been all but relinquished.
Huge numbers of criminal illegal immigrants have settled in Britain due to Government incompetence.
Data and Private details have been distributed with the responsibility of drunken sailors.
The EU’s costs & controls have escalated exponentially to the detriment of our people & country.
Education is downgraded and this Government proved incompetent to mark exams & find adequate Head Teachers.
Enough – there are a huge number of other Government failures but can anyone tell me of a single benefit that justifies the £2.7 trillion that our Government has squandered over and above income despite hugely increased stealth taxes.
Is there a competent economist out there who can give a clearer explanation or better still show I am wrong???
If YOU can explain this debt of £2.7 trillion and how we have gained please mail it to me and I WILL circulate your explanation – I am not an economist and I hope someone can prove me wrong.
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