Saturday, Dec 30, 2006

National debt is three times higher than Government claims

Daily Maul (sorry, Mail): National debt is three times higher than Government claims

A little out of date but we seemed to have missed this one from a month ago. It was also reported yesterday by enuii as a reference in the "Trumpet" artlcle.

Posted by sirgoogle @ 05:49 AM (523 views)
Add Comment
Report Article


1. iguana said...

I notice from the comments attached to the article that a black hole in the economy is mentioned, but ascribed to presumed overspending. A little research into the matter reveals that it is the much vaunted 'private' industry that is at fault by agressive and persistent tax avoidance and evasion, hence the spending planned and based upon expected revenue becomes overspending, whilst big multinationals enjoy hidden often ofshore profits free of tax. This extends even to that happy band of PFI entrepreneurs, you only need to look as far as 'Mapeley' who 'accepted' the land and property formerly owned by the Property Services arm of HMG and undertook to maintain and manage it on a 'business footing' in return for a market rent from the HMG tenants, and then promptly shifted their operation 'offshore'.

Saturday, December 30, 2006 08:17PM Report Comment

2. Superruss said...

Thats what happens though, when you tax the sh!t out of people. There is a maximum you can extract from a population and I personally think we are there.

Sunday, December 31, 2006 10:01AM Report Comment

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of
  • Please adhere to the Guidelines
Admin Password
Email Address

Main Blog | Archive | Add Article | Blog Policies