Politics and debt

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polics-and-debt

David Cameron and the Conservatives launched a poster campaign yesterday morning that highlighted how the nation’s newborns were being saddled with crippling debt due to the economic mismanagement of this country at the hands of Gordon Brown. Launching the pamphlet, Labour’s Debt Crisis the Conservative’s claim the the net government debt this country will be laden with by 2013-14, is somewhere in the region of £1,084,000,000,000. And as there will be roughly 63.6 million people in the UK by then, this amounts to the figure of £17,031 per person.

The report is full of alarming facts and figures on what the money could have been spent on, e.g. 1.8 million nurses. However, I’m not sure what we’d do with all of them, and I don’t think the Tories do either. They don’t really offer any solutions to the mounting debt crisis. In fact, speaking on Sunday Mr Cameron made it clear that he was happy to endorse the continued mismanagement of the economy to the tune of £645bn per year rather than £650bn. So are we to assume that under the Conservatives we shall have the same crippling government debt, and the same debt interest service payments? If so what’s the point of voting for either of them?

Neither party are offering a real solution to this problem. The current government are burdening us all with the mistakes of a few, but then I suppose this is what socialism is all about, sharing the burdens of a minority, making it easier for them to carry on, saving them from learning from their mistakes and making us all pay.  The coming election will do nothing but further entrench the political class and their associates and continue the destruction of productive output. The recession can and will be made longer and harder by the continual involvement of government. For the amount of money they are arguing over, for the solutions they are offering: it’s not worth voting anymore.