The Chancellor has repeatedly refused to rule out future tax rises to pay for increased public borrowing.He has recently insisted it was necessary to 'let borrowing rise to support the economy'. Oh dear!
All Labour's chickens are coming home to roost - again. We've seen this all before - you tax 'until the pips squeak' in the immortal words of former Chancellor Denis Healey and this is the chaos you get into. Undoing this mess will take decades. How long before this government starts 'printing money' like the Wilson and Callaghan administrations did? Get ready for hyper inflation when they do!
Brown's 'prudence' as Chancellor was praised by the left but this is all you are going to get. Economies cannot be run by wishful thinking coupled to lavish spending.
"It's all very well to criticise - but what would YOU do?" - some may say.
1] A flat tax system - take millions out of tax altogether which also will reduce the bureaucracy which surrounds the benefits system.
2] Trim out the useless jobs and overmanning in the public sector with the main target being the non-productive, bureaucratic levels. There has to be increases in staff who work at 'the sharp end.'
3] A full investigation of every QUANGO to determine value and worth and a ruthless axe to be wielded - this alone could raise tens of billions annually.
4] Withdrawal to associate status with the European Union.
5] Cut red tape on business - point 4 would help with this.
6] Same week deportation of all illegal immigrants.
7] A lifetime limit on unemployment benefits - maybe two years in a working lifetime. Certain US states have tried this most successfully.
That would give us all a pretty good start.
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