Labour's true legacy - the national debt
 

The true extent of the Labour Party's incompetence and profligacy is revealed today

Official National Debt: £890 billion - the equivalent of every single Briton with a job owing £77,770.

Public Pension Liabilities: £1,200 billion - public sector's employees' pensions protected whilst private sector employees were shafted.

Private Finance Intiative £130 billion (loaned to private sector companies who have gone bust)

Network Rail £22 billion (restructured loan from Railtrack ) Down to taxpayer if and when Network Rail goes broke


Seems Alastair Darling has done a runner to the back benches as he doesn't want the embarrassment and humiliation of trying to defend the serious charge of cooking the books. Sadly he inherited this problem from, guess who? Gordon Brown - who was as incompetent a chancellor as he was a prime minister.

So if savage cuts have to be implemented to save us from total bankruptcy, put the blame where it firmly belongs.

Yes the Legacy
of Debt
and the Illegal Iraq War that was fixed by War Criminal Blair

What it Utter Stink.

This is the reality of a party that claimed the boom as their own and then claimed the bust was a world problem and not theirs.

I just remember John Major, upon exit, really 'pleading' and maybe 'warning' Labour to do what they will but please DO NOT mess with the economy.
Say what you want but the Tories did get it on track and on the right idea and the UK really did benefit from that,
but,
although Blair did seem to want to 'heed the warning' it is just the same problem with labour over and over - tax, spend, tax, spend, spend more, spend even more, tax more,
and,
eventually run it into the ground and know full well the Conservatives will take over, fix it and then in 5 or 10 years they show up demanding more be spent.. rinse and repeat.

Yep, that's about the size of it. Can you imagine where this country would be in 5 years' time if Labour had won?

What a shambles. I never thought I'd say this, but I actually feel sorry for George Osborne right now.

The outgoing Chief Secretary to the Treasury, Liam Byrne left this message for David Laws, his successor:

"Dear Chief Secretary,

I'm afraid to tell you there is no money. Kind regards and good luck!"

Mr Laws has alleged that labour ministers had deliberately racked up more debts despite official warnings not to do so.

So basically "thirteen years of irresponsibility" - no wonder Labour were desperate to cling to power - they could keep the lies and spin so that no-one would discover the extent of their incompetence.

Aint that the truth!

A deafening silence from the usually vociferous Labour supporters! But then I suppose you can't defend the indefensible.

Bang On Right
Angus.