Sunday 1 November 2009

Even more spending?

The story to catch my eye in today's papers is here in the Sunday Times concerning Browns plans to increase spending in the run up to the election. Apparently this is not an attempt to bribe the electorate with jam today, but an even bigger stimulus to try to pull the country out of recession. It is as if the massive current deficit is not signifiant, nor that the the debt and interest payments we will be passing on to future generations don't matter. People sometimes say on the doorsteps that there is little difference between the parties. On the economy there will be bigger differences than for many years with according to the article Treasury officials fearing that increased spending will upset financial markets making it harder to service the national debt. The game is up - people know we can't carry on as we are and living beyond our means.