OFFICIAL: IRELAND CAN REDUCE DEBT WITH FLAT GROWTH – UK NEEDS DOUBLING IN GROWTH TO DO THE SAME.

2 Jun

The Slog.

osbfingerptWhat Osborne didn’t tell you before the Election, No. 71

And when he said up he meant down

but it didn’t mean a thing

and now he’ll take the finger

and then ram it up your ring

Big hat-tip to Slogger Clive for spotting this fascinating article using McKinsey data on the absolutely fantastic and unblemished outlook for the UK. The piece is chock-full of eye-rolling charts, but this one below in particular caught Clive’s eye. So let’s just give Draper Osborne a poke in his somewhat jaundiced eye with it:

debtstopchartWhat it shows is the level of growth required by indebted countries to start deleveraging Sovereign debt.

The United Kingdom is now second only to Spain in the acceleration of growth it needs to reduce the National Debt.

In better shape than us by miles are the likes of Greece, Japan, Italy and Belgium. Ireland stands out as a…

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2 Responses to “OFFICIAL: IRELAND CAN REDUCE DEBT WITH FLAT GROWTH – UK NEEDS DOUBLING IN GROWTH TO DO THE SAME.”

  1. Chris June 2, 2015 at 11:19 pm #

    Well finally. Someone has realised that the Tories spoke the same rubbish that New Democracy party did in Greece, slavish followers of the EU’s Troika / IMF.

    The national debt has risen because of welfare reform, which has cost more admin and saved nothing. Starvation it caused put more cost on the NHS by malnutriton hospital admissions and the great increase in Rickets, a hunger sympton in kids that threaten heart health and bone development.

    And that was with 40 per cent of the austerity cuts the Tories wanted to do.

    60 per cent will come now.

    THE SWANS NEW PARTY

    So being half Greek and a SYRIZA fan, I wrote up a new party, the Swans new party.

    So what you might say, now the Tories will be in government forever as all the mass media only speak in right wing ways, you might say?

    Labour is so Tory it has lost its reason to exist. And anyway will never get the 323-326 MP minimum threshold to rule London’s UK parliament again.

    There is a movement in the north of England to either become part of Scotland or to leave London rule and become a separate nation. But it stops just about Manchester.

    What about the Midlands? Equally as working class a region.

    Now this seceded new nation of northern England is a Labour idea, as otherwise they will never rule anywhere again.

    But it is Labour voters who vote the least and who do not bother to keep registered to vote.

    The Swans new party are the party that could pay off debt, increase growth and be compassionate, Feed All, House All.

    WHAT DO THE SWANS NEW PARTY OFFER?

    Shut down all the benefits admin altogether, work programmes, workfare, Jobcentres, the whole kit and caboodle.

    Those hundreds of billions of wasted taxpayers money converted into money in people’s hands, without all the admin costs.

    By replacing all conditional benefits, with all its admin and staffing with:

    CITIZEN INCOME
    automatic and universal
    to a level at least to what it should be under the EU Social Contract.

    CITIZEN STATE PENSION
    to men and women at 60
    to at least the full SERPs pension of £276.10
    for current and new pensioners
    same for all
    irregardless of National Insurance history.

    LIVING WAGE

    End of National Insurance, so giving people an instant 10.4 or 12 per cent wage rise.
    And with no employer NI contribution, helps boss pays you the Living Wage.

    OUR POLITICIANS ARE DESCRIBED BY THE SUPER RICH
    AS FEUDAL AND NOT COMPREHENDING THE BASICS OF CAPITALISM

    With money in peoples’ purses and wallets, you get this:

    More money in the economy, generating business, creating jobs.

    As 75 per cent of all tax comes from stealth taxes and VAT, this means this is funding neutral in this round robin of money, as we are all 100 per cent taxpayers.

    Because working tax credits and housing benefit (90 per cent going to people in work) are a benefit scrounging BOSS, not the low waged worker or the unemployed on workfare.

    As one celebrity once said.
    Money is manure. It’s not worth anything until it’s spread around.

    Even some of the richest people on earth have realised that:

    ONLY YOU CAN BRING THE SWANS NEW PARTY IN REALITY

    http://www.theswansnewparty.org.uk

    Press the Red Button.

    Like

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