Sunday, January 25, 2009

The Government needs to cut spending not waste it

Every year the Taxpayer Alliance produces a book called the bumper book of government waste and year and year hte amount of spending the government , the EU etc wastes gets worse and worse. 2009 is when government spending and thus waste goes into overdrive. Being the tax and spend socialist he is and with an opposition in david cameron who is scared to mention the word's spending cut's event though this was what bought Britain out of the recession in 1992 and in the earlhy 1980s , Brown is given a free run to wrack up government waste , and Gordon's having a great time , treating the taxpayer's money like his own personal credit crunch. The problem is the last time the government tried to tax and spend there way out of a recession it didn't work , what happened in the 1970s was the tax and spend policies crowed out the public sector , reduced incentives for entrepreneuralism saddled people with higher taxes and increased the power of the unions to a stage when the question could be asked who run's the country and the resounding answer back was the union. Brown though hasn't learnt from history and is repeating this mistake.

The bottom line is the Government cannot be trusted with too much of the taxpayer's money it will be wasted, it will lead to a deeper recession,and it could bankrupt the country. From the NHS it system , to amount of managers and consultants not needed in the NHS , to the wasted money of putting camera's in people's wheelie bins to ID cards and the amount wasted on government reviews , as well as the million's spent on Saving Northern Rock a much smaller bank than RBS which should have on the moral hazard argument been let to go to the wall. All this money could have been saved , taxpayers could have got value for money , but like a baby addicted to milk , the government is addicted to spending taxpayer's money.

To Conclude the latest book on Governmnent spending in 2008 before the recession hit's it peak showed the Government has misspent (that's government speak for thrown the taxpayer's money down the swanney) 101 Billion pounds , the scary thing was this was before the latest government spending binge. This shows that spending more is not the right answer in recession or a time of economic growth , the right answer is to be prudent with people's money and where possible cut government spending.

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