British Chancellor says the ‘government has run out of money’- pain from austerity cuts are yet to bite

I heard it said once that Lady Thatcher said,
“The trouble with socialism is that
eventually you run out of other peoples’ money.”

This is from The Extinction Protocol, and is of vital importance. Consider what the ALP/Greens’ have done to the huge amount of money they inherited from the LNP when  came into power. Now they are borrowing huge sums of money, and claiming the budget will be back in the “green” come the next election. Of course they forgot to mention they will be drawing in huge sums of taxpayer money – via the Carbon Dioxide Scheme – no doubt they are ‘banking’ on that to help bring the budget back into surPLUS rather than the debt it is currently in.

The Extinction Protocol

February 27, 2012UNITED KINGDOMIn a stark warning ahead of next month’s Budget, the Chancellor said there was little the Coalition could do to stimulate the economy. Mr. Osborne made it clear that due to the parlous state of the public finances the best hope for economic growth was to encourage businesses to flourish and hire more workers. “The British Government has run out of money because all the money was spent in the good years,” the Chancellor said. “The money and the investment and the jobs need to come from the private sector.” Mr. Osborne’s bleak assessment echoes that of Liam Byrne, the former chief secretary to the Treasury, who bluntly joked that Labour had left Britain broke when he exited the Government in 2010. He left David Laws, his successor, a one-line note saying: “Dear Chief Secretary, I’m afraid to tell you there’s no money…

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About JustMEinT Musings

I like writing, reading and expressing my opinions. I prefer natural health and healing to pharmaceutical drugs. Jesus Christ is my Lord and Saviour.
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