I’m going to be banging on about our supposed cuts yet again and the rather troublesome financial mess we may be in, and I suspect I’m going to keep doing so at least until we stop digging. All those terribly terribly harsh cuts didn’t stop our net deficit growing to 10 billion last month, nor is it stopping the EU giving away another billion (just Euro’s this time) for people to build robot pets and nagware. Thankfully it’s not all gloom* one of our elected troughers has brought forward a motion that we shouldn’t illegally bail out the Eurozone , but fear not just when we might hope for some sense the Government rides to the rescue with a wrecking bill (Hat tip Penny Dreadful). That’s right just when some says maybe we must not piss away more money illegally propping up the Eurozone the government (with the whips) amends it to say that we should maybe thing about not doing it. Ah that ever important difference between must and should.
If you’re still not convinced how bad a situation we’re in then you’re really not paying attention, even the left have realised that Labour must stop fighting the cuts (OK I admit they only realise this because they think it’s hurting their chance of getting back to power not for any principled reason – like say we’re broke, but still it’s progress of sorts). For a plausible look at what will happen if EU countries start to default on their debt, and thus what we could be sucked into if our Government continues to illegally fund Eurozone bailouts Andrew Lilico’s Telegraph article makes grim reading.
The alternative at least for the UK, as we’re not part of the EuroZone is to get our house in order, get the debt down to somewhere less eye gougingly painful, leave the Euro to sort out it’s own mess – and if we manage to not get sucked into it if we’re very lucky make a profit off the collapse. Someone somewhere will definitely make a profit out of the seemingly inevitable economic turmoil, even if it’s just the makers of tumbrils.
* I lied sorry.
Update A glimmer of good news after all it seems a whole 46 MPs had the courage to vote to prevent the government handing over our money to bailout the Eurozone.
Update 2 Almost forgot about this, if Andrew Lilico didn’t worry you how about a former head of the IMF who describes the EU bailouts as a Ponzi scheme?
