The News In Shorts

How the news would look if everyone stopped waffling and told the truth.

Monday, 31 December 2012

Osborne On Verge Of Losing Britain's AAA Credit Rating.

Although it has long been clear that George Osborne is an economic ignoramus it is only now that we find out that he's insane as well. Having flattened the economy in order to "save" it in a purely ideological sense, he is now quite happy to stand aside as his one measure of success, Britain's credit rating, is set to disappear. The reason is quite understandable - for anyone other than a Tory that is - since an economy in recession is not a good bet when you are an international money lender. Still at least George will be able to count the pennies he's saved even as the pounds - in their billions - leave the country at a rate of knots. This sorry state of affairs is the direct consequence of believing that a nation's economy can be compared to that of a household - a Tory conceit invented by that other ignoramus, Margaret Thatcher, to sell the idea of permanent recession to the peasants. Deliberately shrinking the economy, especially during a recession, could only be thought a good idea by those who crave tax cuts for themselves above everything else. Osborne and his fellow Tory morons might believe that they are "saving" money but they are losing it at an even faster rate - as anyone with a working brain cell will see when looking at Britain's growing national debt. And, as the money continues to disappear, the answer from the Tories is to make the poor pay and take even more purchasing power out of the economy. The Tories can no longer hide behind their bankrupt ideology, nor can they claim ignorance in the face of economic facts. They are not fit to govern Britain and must be removed as soon as possible before they inflict terminal damage on the country. And, once removed, they should be tried for treason.

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