Light at the End of the Tunnel...20 years off, at least..

Good point made by Clegg in his speech this afternoon. We should 'never, ever trust Labour with the economy again.' His point about the two Eds being the back room boys plotting and scheming and never taking responsibility was also on song. Apart from not trusting Labour to run the economy ever again will we be able to trust them on anything else? With their lies about weapons of mass destruction we certainly can't trust them on foreign policy issues and by signing up to the Human Rights bandwagon, the Euro Arrest Warrant and the one sided Extradition Treaty with the USA we certainly can't trust them on preserving  our independence and by introducing Prescott's vanity projects, including the FiReControl fiasco which has lost us £469 million, we certainly can't trust them to handle infrastructure projects. We cannot support another Labour government any time soon. See Neil O'Brien here who sets out an interesting scenario basically stating that public spending will have to be squeezed for decades if we are to get our national debt down to 40% of GDP again which is roughly where we were in 2002. Such debt percentage is due to rise to about 90% under Osborne's plan before it drops back again. Letting the percentage rise to that level is already taking a huge risk since as we know the Bank of International Settlements has opined that 85% is the point where the Greek effect kicks in, that is to say that debt at 85% of GDP is the point where markets take fright, interest rates increase and economies plunge. The two Eds would increase our debt percentage to what? Having started with a golden legacy and kept to Tory spending plans until 2002 it took Labour a mere 4 years to make us a leading indebted nation. We cannot afford another Labour government, ever.