'Starve the Beast', austerity, backbencher, BBC, borrowing, budget, Coalition, Conservative, create, cut, David Cameron, debt, deficit, Democrat, economy, employment, fiscal, George Osborne, George W Bush, government, increase, interest rate, investment, job, Lib Dem, Liberal, Mike Sivier, mikesivier, politics, strategy, tax, terms, Tories, Tory, unemployment, Vince Cable, Vox Political
David Cameron must think we’re all as stupid as his fellow Conservatives and that party’s most rabid adherents, if the latest BBC report is to be believed.
In it, he responds to comments from his Coalition government’s own Business Secretary, Vince Cable, suggesting the government could consider borrowing more – at, let’s remember, the lowest interest rates in British history – to inject some growth into the economy.
Cable’s remarks are eminently sensible – which is, of course, why Cameron is believed to be moving so quickly to counter them. The fact is that austerity never – ever – brought a country out of debt. Investment is the key. Investment needs money. If you don’t have money, you borrow it from someone who does. Then you pay them back – with interest from your profits. ‘Speculate to accumulate’, as the saying goes. It’s how most Conservatives and Tory voters made their money but Cameron – and his sidekick 0sborne, let’s not forget – inherited theirs and therefore, we may reasonably deduce, know nothing whatsoever about it.
Instead, Cameron will reiterate his insistence on following the ‘Starve the Beast’ policy that George W Bush used to such devastating effect when he was President of the USA, reducing a surplus of $128 billion to a deficit of $10.627 trillion within a few short years.
A decent definition of ‘Starve the Beast’ economic theory is that it is a fiscal strategy to create or increase existing budget deficits via tax cuts to force future reductions in the size of government.
This is clearly what Cameron and his cronies are doing – and the Liberal Democrats are helping them all the way, no matter what Cable says about it. It’s why they’ve borrowed more money in the last two and a half years than the Labour Party did in three terms of office (as a recent meme puts it).
And they will cut the machinery of this country’s government down to the marrow, for no better reason than their own personal enrichment and the fact that it will create huge problems for any government that follows them in 2015.
The BBC report contains excerpts of what Cameron was expected to say in a speech today (Thursday). These deserve interpretation, as their meaning is not entirely clear at first glance:
“I know some people think it is being stubborn to stick to a plan. That somehow this is just about making the numbers add up.” He’s setting us all up with a false premise. We don’t think he’s being stubborn; we know his real plan isn’t what he has been trying to sell us. It’s about cutting the state to nothing, impoverishing the vast majority of us in the process and enriching his cronies. This is why, crucially, the numbers don’t add up at all.
“The very moment when we’re just getting some signs that we can turn our economy round and make our country a success is the very moment to hold firm to the path we have set.” So the present moment, with the loss of our ‘AAA’ credit rating, high street shop chains dropping like flies and his own political party regularly being dropped to third place in by-elections, would definitely not be that time.
“And yes, the path ahead is tough – but be in no doubt, the decisions we make now will set the course of our economic future for years to come.” This is absolutely true. The decisions he makes now will set the course of our economic future for years to come. What a shame nobody seems able, or willing in the case of the Liberal Democrats, to stop him.
“And while some would falter and plunge us back into the abyss, we will stick to the course.” He is projecting the effects of his own actions onto his political opponents. He knows perfectly well that it is his course that will lead us straight to that metaphorical abyss – if he hasn’t pitched us over into it already.
The BBC article goes on to say that he will point to the creation of a million extra private sector jobs – a claim that has been debunked many, many times since he first made it. Private sector jobs have been created, but nowhere near a million of them! Also the terms under which people are being employed are appalling.
It is typical of the kind of ridiculous babble to which he and his lieutenants have subjected us for nearly three years now – a period in which our situation has never – not once – offered even the appearance of improvement.
This blog reported only a few days ago that Cameron had been put on notice by his own party – improve or lose the leadership.
The sooner those backbenchers follow through on this threat, the better.
For all of us.
Chris Tandy said:
I don’t reckon caMoron ‘thinks we are all stupid.’
Actually, I don’t know if he is capable of thinking anything rationally. But he /knows/ we are all but powerless to stop him steamrollering his vicious policies along and killing the population in his wake. He can say what he likes, lies and filth included, and live in his filthy fascist fantasy-land.
We have to live there too, but does he care?
Raging Leftie (@ragingleftie) said:
God, when will they just admit they have cocked-up big time? Probably never they will run the ‘ there is no plan B’ strategy to its logical end – fortunately for Labour.
Cameron has been claiming for months that the deficit has been cut by 25% and a million private sector jobs created… thing us, if the policies were actually working, shouldn’t the deficit now have been reduced by, say, 26% and the number of private sector jobs created have gone up to 1,000,001?
Gary Donaldson said:
They have’nt cocked up anything their agenda is running precisely to plan , first you destroy an econmy then you wait for Goldman Sachs to deliver the Bond market crash, then you declare a state of emergency and martial law ,you cancel all elections and you govern by dictate in the way your forbears did a thousand years ago , prepare for serfdom , your future awaits .
There is going to be a revolution in this country before long. We’ve had enough.
You gave up your guns. What you going to revolt with? Irnbru? Lol.
Mike Sivier said:
Back in the 1990s, when Yugoslavia fell apart and the individual states started fighting each other, Bosnia had no weapons at all. When the invaders came and took everything, the people fled to the hills because they had no way to fight. But they came down from those hills at night and they found a way to get weapons – and then they took back their homes and homeland. I know; I’ve been there.
When a person’s back is against the wall, they’ll do whatever they have to do.
‘There is going to be a revolution in this country before long. We’ve had enough.’
Oh, hold on a minute, Eastenders is on, so put the kettle on, sit back, relax, unwind and pass the biscuit tin please, nothing to see here.
A revolution is required but I doubt if Joe public will have the time.
i agree totally with you on that comment bod, the people of this country are too weak willed, no backbone,we accept everything that’s thrown at us, we are a lazy nation submissive to our political masters, we moan and groan and do nothing about it, lets not forget the evil Tory’s are for the rich people and the rest of us are insignificant, they are all ex public schoolboys, multi millionaires that couldn’t give a cats cock for the rest of us, a revolution ??? hahaha the general public couldn’t hold a revolution in their own living room, the conservatives are an evil breed of animals and the lib dems just masturbate to them…..politics and crime ??? they are the same thing.
Mike Sivier said:
A cat’s WHAT? 🙂
Hmm, if my comment comes across as an off topic smarmy attack as, well, it isn’t. It is off topic !
The big boys and girls in charge of the world have spent generations pacifying most of us with the bread and circuses so effectively that I think few will rise from their televised, propaganda, pop-culture induced stupor to give them any reason to even consider a grass roots revolution is on the cards.
Ah, to be in England.
Paul Smyth said:
Reblogged this on The Greater Fool.
Reblogged this on kickingthecat.
Stop electing young spoiled idiot twats. Get some mature experience in there. Nigel Farage would be a good start.
Mike Sivier said:
Please tell me you’re joking!
Gary Donaldson said:
Nigel Farage ? so you kick out one incompetent Tory and replace it with another , yeah I can see your reasoning as we’ve been replacing shit with more shit for centuries .
jack johnson (@jackjoh01219520) said:
Incompetent and incontinent Shits? No, nasty evil deliberate treasonous twats.
Hang them from the lamposts.
Fiona Collins said:
Mike please run for PM! You are intelligent, articulate, you can do maths…. something none of these mongrels can, but most of all you CARE!!!! I would vote for you, ( obs, you will have to start your own party first…. cos I think that Labour has gone on holiday, NEVER hear anything from them!
On another subject, I am refusing to pay my TV license, as I don’t see why I should pay the mouth piece of the Cons when I hate what they represent! It is supposed to be the peoples TV, not the thieving, killing con’s in “charge” at the moment!!! I will take it all the way to court if need be!