This image should be displayed to all supporters of Labour to get just an idea of what you have lumbered our country with after 13 years of profligacy.
The trouble with this picture is that
- It underestimates our debt. It is nearer one trillion, that’s an extra ten percent or 17 times the cuts announced yesterday
- It ignores the fact that the mountain will continue growing, like an active volcano, for at least the next 7-10 years as we try to get the budget deficit left by Labour under control. The mountain could be 50% larger in 5 years.
- It ignores all Gordon’s creative accounting and “off-book” deals such as PFI. How much they add is anybody’s guess, mine is about 10-15% or 100-150 billion.
- It ignores the rather large Public Pensions black hole.
So whilst you regard the image, just remember that this is just the current peak of the Volcano. It will grow, and depending upon how things go it will either gradually wear away as we get the debt and deficit under control or it will explode and we will really suffer for Labour and Brown’s 13 years of Profligacy.
Better a wee bit of Austerity now, than complete collapse.