Thursday, Jun 11, 2009
Green Shoots or Not - It Doesn't Matter
The Market Oracle: Bankrupt Britain's Public Sector Double Dip Debt Recession on Deep Spending Cuts
Nadeem Walayat tells it like it is, describing how Gordo is leaving a "scorched earth economy" for his successors.
"Thus total net borrowing of £490 billion to grow the economy by just £67 billion, (£595 billion my forecast) which shows the magnitude of the scorched earth economic policy now implemented that literally aims to hand the next Conservative government a bankrupted economy that will be lumbered with the consequences of continuing huge budget deficits and therefore necessary £60m cuts in public spending."
Hyperinflation still on its way. More about "black hole" NHS & GPs pay.
Posted by nomad @ 07:46 PM (344 views) Add Comment
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