Posted by seumasach on September 20, 2009
Of course, spending has to be cut: let’s start with ending our wars, slashing defence spending and dismantling the apparatus of empire, as well as ending welfare for parasitic city financiers.
19th September, 2009
Britain is clocking up debt at a rate of £6,017 per second as the Government struggles to balance the books. With tax receipts plummeting because of the recession, state borrowing grew by £16.1 billion last month — almost twice the entire budget for the 2012 Olympics.
Posted in Financial crisis, UK economy | Tagged: End of empire, financial collapse, stop the bailout, UK government debt | Leave a Comment »
Posted by seumasach on September 19, 2008
This is a hint at the extraordinary costs of public backing for the nascent private banking cartel. The price of this will be payed by all of us through taxation, cuts and, above all, inflation as the pound goes on falling( we are an import dependent economy). The vultures and parasites who fleeced the world for so long have come home to roost and pick the imperial heartland to the bone.
Ashley Seager
19th September, 2008
The public finances suffered yet another lurch into the red last month amid warnings of a record deficit this year that would force the next government to raise taxes or cut spending – or possibly both.
Posted in Financial crisis | Tagged: failing banks, financial collapse, UK government debt | 2 Comments »
In These New Times 