Cuts to pensions, the NHS, Benefits - what next?
By the end of this year the government will have borrowed around £200,000,000,000 pounds for this year alone taking the gross national debt to well in excess of £1,000,000,000,000 and projected to exceed 1,500,000,000,000 by 2016.
So just dealing with this year and addressing the £200 billion borrowing to provide the state support, hand outs, and deliver the essential services here's a question for those who have leanings towards “Socialism” or as I prefer to see it, the Loony Left.
Taking into account with a population of around 70,000,000, FAR too many of whom have no right to even be in Britain, in order to reduce that Central Government Borrowing Requirement (PSBR) to zero which is still a lot more than it needs to be – it actually should be around £50 billion BELOW zero, what should be done?
Remember, it means slashing around £2750 from what is spent by central government from every man, woman, and child in the UK.
Tax the rich? Won't work. In any case the additional revenue would be relatively trivial and VERY short term as the people who would be affected would use all and every means to avoid the tax even if it meant moving away. What's more the stupid claim that the “rich” don't pay their way is fallacious. The tax this class of people pay per capita is way more than the average income tax payer.
So where should the axe fall?
In my opinion the very first cut should be on foreign aid. To borrow money in order to give it away would, inn the case of an individual, see the men in the white coats arriving post-haste.
So how about it? The deficit MUST be cut, and by more than just the £2750 per capita but more like by at least £3500 in order to just start to work down the huge debt mountain most of which is 100% down to the previous disaster years of the Blair/Brown fiasco.
So cut what, where, and how?
Dole? Other Social Security payments? NHS? The NHS budget itself is in excess of £100 billion. Or maybe some other measures such as were introduced as a result of IMF conditions last time Labour screwed the British economy.
I would be interested to see what people have to offer and I'll come up with where I believe cuts should be made and / or changes implemented.
Oh yes, let's not forget the
ADDITIONAL £80 billion borrowed by local government, that doesn't appear on the Government PSBR. Maybe we could start there by --- you tell me first!
But one thing is certain, something will have to be done –
and soon.