Growth 'Dark Matter' Found In Brown Universe

EU commission chiefs have told the government to stop pouring Brown sauce over the dire economy with a crafty 'growth' con to cut the whopping budget deficit. Kinda screws up cunning plans to conjure up a budget election manifesto sham to screw the Tories and screw the economy.

Borrowing Brown has been told to get his house in order and clean up his economic mess while there's a house left standing, or face repossession and face the scrapheap with basket-case Greece.

Delivering a devastating blow to the government and its handling of the economy, a leaked European Commission report has blasted Borrowing Brown's irresponsible plans for reducing the budget deficit as "not ambitious enough".

But chief secretary to the treasury, Byrne, said the report was, er, "wrong". What part of "get on with it and stop fannying around" doesn't he understand?

The Orange Party has got heartily fed up with all the Brown sauce porkies over the economic mess. "Curb your spending, Brussels tells Brown", bellows The Times - and curb your enthusiasm for pork pie politics.

EU rules sensibly say government deficits must be below 3% of GDP. The UK's debt is expected to hit £178 billion - a deficit of 12.6% of GDP - this year. And that's apart from the £200 billion of funny money swilling around.

Ministers insist on churning out the line they will "halve the deficit in four years". Halve the deficit note, not the crippling borrow and spend debt burden.

But lurking in the undergrowth, treasury economic models are based on a mysterious 'growth' - the dodgy 'Dark Matter'* of the economic world, used to mean all things to all economists and politicians.

Brussels reckons Borrowing Brown's flight of fancy may be missed because 'growth' could be lower than forecast.

Factored into all treasury forecasts is a dodgy dark matter of 'growth'. No wonder there is so much spin over a green shoots sham and the politics of optimism. Without that elusive 'growth', the Brown economy would collapse round his ears like a pack of cards.

A forecast of 2% growth in 2010-11, and then 3.3% growth for the next four years is a tad optimistic to say the least. What happens if the economy doesn't perform as spun?

Dreadful Darling's last throw of the election dice with a meaningless budget manifesto, is all part of the deceitful plan. Screwing opposition parties and screwing the country. Craftily focussing on the sham of a 'growth' deficit but not getting to grips with Borrowing Brown's debt.

But it really doesn't matter if they are wrong or right. They won't be around to find out - or take the rap.

*Dark Matter is a funny little fictional fellow made up by big-brained scientists to fit into their equations and make their mind-numbing models of the universe work like clockwork.

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Borrowing Brown's A Crying Shame

Eye-watering public debt and a dire economy disappearing down a black hole. Borrowing Brown banging on about climate change, leaving behind a mighty mess. The Deluded One is taking the country down the road to rack and ruin. It's enough to bring tears to your eye.

The public is getting punch drunk with failure fatigue and numb from eye-watering economic incompetence.

Borrowing Brown's well on course for a place in the record book of shame. He's managed to pull a mangy rabbit out of the hat, more than doubling state borrowing in the first half of this year to a record £77.3 billion high. One hell of a record.

Figures from the Office for National Statistics (ONS) show government borrowing has ballooned by £14.8 billion in September, hitting the highest level since the country was left on its knees in the 1946 war wreckage.

Over the first six months of last year, borrowing was a mere drop in the ocean of debt - a piddling £34 billion, nearly half of today’s total. How we gasped then.

Yet for all the grand talk of belt-tightening, there’s little sign of it. As reckless Brown struggles to cook the books, the disreputable gimmick was a fire sale of the last few public assets set to raise peanuts.

But it's worst than that. The total net debt now stands at £824.8 billion - around 59 per cent of the UK's entire economic output. Quite a few green shoots will be needed to turn that around, on top of billions spent on greenwash.

We're all doomed. The economy is running away with itself to pay for a decade of failure. Spending is running well ahead of tax revenues, with tax receipts for the month at just £35.4 billion compared with spending of £45.7 billion over the month.

Just to meet interest payments on its disgusting debt pile, the government shelled out £5.9 billion - 43 per cent more than the same month last year and the highest monthly payout on record.

This should sound a warning bell. If debt continues to mount at that rate, borrowing for the year would surge past the £200 billion mark - far ahead of desperate Darling's £175 billion forecast which is already saddling a whole generation to come with government-inflicted debt.

That opens the door to the dreaded double-wammy, with the IMF laying down the public spending law and the country in danger of losing it's 'triple A' rating. International money men will drop UK investment like a ton of bricks.

The discredited government is clinging on with its last card, playing the politics of false hope and optimism as it limps along to the general election. But voters are fed up being fed so many lies with a daily diet of pork pie politics. Honest Osbourne saw off that sham, winning plaudits on both sides of the Atlantic.

Grand economic theories hold no sway with voters. What they see is a government which has discredited the once laudable centre-left agenda with squandered public spending, wasteful public 'development' agencies and an off-balance sheet PFI sham.

Short of banging a few heads together or indicting Bunkered Brown for economic war crimes, the only solution is one the Orange Party has called for before - a massive US style debt ticker - opposite parliament - to drive the shameful message home.

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