Blue Til Death said:
Len Rum said:
Shame that 'Jeffrey' has profligately racked up a national debt of 1.5 trillion to artificially manufacture a 'recovery' which all of us now have to pay for as the hammer falls and we return to the thirties with Captain 'running scared of electoral debates' Dave and first officer 'Jeffrey' at the helm.
Your delusion knows no bounds, its breathtaking in fact.
Let me try to explain to you simply then.
Gideon set a target at the beginning of this Parliament to eliminate the deficit and to achieve a national debt somewhere below a trillion (I don't know the exact figure) by the end of it.
Half way throughout the Parliament he realized that he couldn't grow the economy and reduce unemployment if he kept to these targets, so basically like a Labour Chancellor on the booze he let borrowing rip and with the help of an
artificially induced property boom the economy has grown and unemployment has reduced ( albeit with zero hours and low paid jobs). Some of this improvement would have happened anyway if he'd nothing purely due to normal cyclical economic activity
Hence we have a national debt of 1.5 trillion and are still running a deficit. That's why the brakes have to be slammed on with the same level of cuts again plus 50% in the next five years. His new target is to eliminate the deficit by mañana and fcuk knows what the cumulative national debt will be by then.
Oh and the balance of payments is in the toilet.
In other words 'Jeffrey' has pulled some levers to make growth and unemployment levels temporarily favourable at election time. That's why he concentrates almost exclusively on these two measures of the economy.
When he slams the brakes on and does a reverse turn, growth and unemployment will do likewise.
Capiche?