Wednesday, 21 January 2009

WEDNESDAY, JANUARY 21, 2009

Gordon's Unfunded Spending

The UK budget deficit for December alone was £11.4 billion. The numbers are so big that you have to break them down. The government is overspending - tax receipts minus expenditure - by over £14 million an hour, 24 hours a day, 7 days a week.

At PMQs Gordon seemed to boast about his plans to overspend. This is not sustainable.