Sunday, 15 May 2011
Double Debt.
So to pay off this out of control debt, government has resulted into further tax increases (breaking manifesto pledges) and even more being borrowed than expected. Just remember every time government increases taxes or borrows money, then the more money is taken from the private sector. Every penny taken out from the private sector effects all of us, limiting credit, pay freezes, pay cuts to job losses. Even after years of government borrowing all this money, jobs continue to be lost, prices continue to rise and the average pay continues to drop.
It is not possible to borrow our way out of this recession, the only solution is to cut back government spend, and cut it back big, not by 3% but 30%.
The bad news is that government borrowing is now predicted to increase according to a OECD report. In the case of scotland, the SNP has just won extra borrowing powers , with the SNP not hiding the fact it wants to borrow more believing in the Keynesian/central plan economic model. The below video illustrates the holes in the Keynesian economic model theory, and how borrowing the way out of a recession will never work, but just makes things worse..
Sunday, 8 May 2011
SNP Win
I think the next 4 years will be interesting under a SNP majority. With these so called cuts to pay for the debt interest, and the large public sector in this country, these cut will be felt very hard north of the border.
It will be used by the SNP as an excuse fly the independence flag, and the reason why the SNP will be waiting for 4 years before pushing the referendum bill, as it will be when the cuts will really hit, and the public become critical of the London parties.
However under independence, Scotland dependency state would end, the country could not continue with the large public sector making up 57% of the economy. However painful it may be, government size would need to be reduced drastically, but this needs to happen if this country ever going to have real growth, and not surviving on UK government hand outs.
Even if people voted No in the referendum, the London/Uk government would no longer have any reason to continue the Barnett formula as it is only used to bribe the Scottish people to keep the union, thus dependency state, massive cutbacks will occur.
Over the next 4 years, with a complete majority and virtually no opposition, we can expect more laws infringing on our freedoms such as the minimum pricing on alcohol and god knows how many other laws that may be in the pipe line.
I think it is time for a true libertarian movement to be born to hold this SNP government to account.
Friday, 1 April 2011
Taxes continue to rise, debts are increasing and left to the unborn, more money is being printed out of thin air resulting in out of control inflation. Public spending is out of control with public sector unions demanding more of your money.
On 14th of May, you can take a stand.
http://rallyagainstdebt.org/
Monday, 28 March 2011
Take-home pay down 5% in real terms since 2009, says study
With recent tax rises we all now pay more to government than ever before, with reports of salaries dropping how can one expect government to take more of our hard earned cash.
Government spending is increasing to nearly £740 billion in the next few years and unions threatening to go on strike, protest to demand more of your money.
Remember government has no money, it's you money these unions are demanding, expect further tax increases as government give in to public union ransoms.
Remember average public sector pay is already 30% more than the private sector and its the private sector which pays for the public sector.
Saturday, 26 March 2011
Please follow link:
http://theuklibertarian.com/2011/03/25/libertarian-libya-round-up/
Just another week.
Even under the Conservatives we continue to see expansion of government and our liberties continue to be eroded faster than ever.