russel
./_dazed_and_confused
Sunak's speech was the one people should keep in mind, Johnson's speech was just someone farting into a microphone for the media to talk about. Trivial rubbish. Sunak stood there and told the biggest and boldest bare-faced lies about everything he is charged with addressing. Every last thing he said was a complete lie.
He lied about 'borrowing' money and pretending this puts the British people into debt. Instead of waving all those big numbers about why doesn't he hop into his chauffeur-driven car and schedule a chat with the chairman of the Bank of England about no longer issuing any debt and letting it expire once the last round has matured? Or just repurchasing the lot and be done with it immediately? Then it would just go away and no one needs to wring their hands about 'public debt' ever again. He could do that. He may know or not know. If he knows then he's an economic terrorist as well as a liar.
The amazing figures showing how even modest growth was reversed when the Tories were elected under Cameron-Clegg should alarm the f*ck out of people, but it won't. The George Osborne cutting schedule arrested then reversed the course of recovery away from the trajectory put in place by the 'recovery package'. This stabilised it, the next move would have been to maintain that as the only existing sector among the sectoral balances left in that position to effect it. Instead they chose austerity, to shrink their deficit on the wholly incoherent view that this somehow 'pays down debt'. Because people still think 'public debt' is something accrued by even non-discretionary deficit expansion. The public are sadly unschooled on this and so are many people charged with dealing with it. The country ought to be afraid.
And so Sunak stood there and basically said that he was going to do the same thing as Osborne. He also said a totally contradictory thing: that the Tories would do 'whatever it takes' to save people from ruination....but he still proposed the same solution as Osborne. And people clapped in that hall. Some newspapers and right-wing periodicals thought it was correct and lots of people in the population seemed to think it was probably good because that evil debt mountain (gilt-edged securities sold to rich people for their portfolios, using money borrowed from the bank of England) will be dealt with. Because he said the equivalent of: I'm going to save you from drowning, by taking away your life-jacket. They clapped that moronic horseshit.
F*cking Nora.
I think the fundamentalist ideology they follow means less government spending means a smaller state, so less people to keep an eye on what they are up to, plus of course someone has to issue debt otherwise the economy would collapse and his mates at Goldmine Sachs and the like get an awful lot richer if private finance do it rather than the government if the rest of the country gets stiffed, well too bad.