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Cheers - AE

Saturday, 19 November 2011

All I'll want for Christmas...

... is a new cognitive dissonance meter. After replacing the one destroyed by Deborah Arnott earlier this year my shiny new one has just exploded after reading Quiet_Man's most recent post over at the Orphanage.
In a classic case of the pot calling the kettle black Labour have accused the government of intending to borrow more than they originally intended. This would be the same Labour party behind the tax and spend initiatives which have pretty much left the country bankrupt and needing to borrow in the first place.

The government could borrow over £100bn more than it planned to up to 2015, according to Labour.
The party compared Office for Budget Responsibility forecasts from November 2010 with the latest estimates.
Labour said it showed the government’s plans were “reckless” but Economic Secretary to the Treasury David Gauke said the claims were “nonsense”.
Meanwhile, Labour leader Ed Miliband will later urge ministers to change course away from economic austerity.
So we have a case for Labour accusing the government of borrowing more and the leader of the Labour Party calling for an end to austerity economics, which I suspect would mean the government borrowing more. Clearly a case of open mouth, insert foot, after all if I can see it, what are real economists going to think?
Yep, if anyone's going to display meter wrecking cocknitive dissonance it's going to be politicians, and Labour are the league champions at it. I suppose it's my own fault for buying a cheap one. While I go look for a replacement do pop over to the Orphanage and read the rest of Quiet_Man's post if you haven't already.
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