Back to the Workhouse
The price of bailing out the banks was austerity and the austerity of a thousand cuts was supposed to pay for the bailout but, instead, debt is reducing much slower than projected. On the surface it looks like the Government is incompetent and does not know what it is doing and that the austerity suffered by millions in the cause of debt reduction has been a waste of time and effort. The truth is far more frightening since Cameron, Osborne, Duncan-Smith and the whole rotten coterie are not economic illiterates. Far from it, they understand exactly what they are doing;…
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