Friday, December 18, 2009

Brown's Borrowing Binge

Borrowing Brown's binge knows no bounds, hitting a record high of an eye watering £20 billion last month. How much more will the struggling Supreme Leader borrow before being booted out of office?

UK public borrowing hit an all-time high of £20.3 billion for a single month in November, according to official figures. Voters are left numb by mind-boggling numbers.

All dutifully reported but tucked away in The Times and Telegraph. Dog bites man just isn't news.

The record £20.3 billion is more than was borrowed for the whole of 2002. The IMF reckons that's equivalent to the entire 2009 output of economies such as Costa Rica and Uruguay.

The gloomy figures also showed net debt reaching a record £844.5 billion in November. For the first time, public sector borrowing taking the UK’s net debt to 60 per cent of total economic output.

The borrowing figure, which is £4.9 billion higher than the same month last year, is the highest since the Office for National Statistics (ONS) began compiling records in 1993.

But something doesn't add up. As part of his pre-election pre-budget report, Dreadful Darling said that net debt currently stood at £798 billion, or 55.6 per cent of gross domestic product (GDP).

But the ONS data showed that at the end of November, debt stood at £844.5 billion, which is 60.2 per cent of economic output.

The Orange Party feels a headache coming on. Brown's borrowing binge drives home the true impact of a recession depression far deeper than was spun to play the politics of false hope and optimism.

Just how the government plans to halve the UK's monstrous deficit within a promised four years in its re-election dream world, is anyone's guess.

Ominously a third of this spending was accounted for by the bill for a decade of government failure. Social benefits such as Jobseeker's Allowance at £16.2 billion, is the highest for at least eight years.

Only last week the Institute for Fiscal Studies (IFS) warned that the chancellor could have to find an extra £2,400 for every family to restore the public finances over the life of two parliaments.

Well thanks a lot New Labour. What a great legacy to leave future generations after a miserable twelve years in office.

The fag-end government is bankrupting the nations with a mixture of incompetence and smoke and mirrors accounting after Borrowing Brown cooked the books.

Feral economics have taken hold. A rudderless ship of state is sinking fast, left to the mercy of a political leadership that knows the game is up.

Unprecedented debt, the pound down the pan, pensions plummeting. Banks sailing off into the sunset with a wad of funny money. Gold sold off at rock-bottom prices and a dole queue longer than Borrowing Brown's arm.

And there's still at least three months to go before the general election.

How much more will Brown borrow and saddle the country with debt, just to dig himself out of the economic mess of his own making and screw things up for the incoming government?


Copenhagen Tragedy And Farce

World 'climate change' leaders living in a fantasy world are working hard to lay the blame on a man-made global warming myth, instead of tackling the real tragedy and cleaning up killer pollution and man-made greed. A failed Copenhagen summit is set to end in farce and tragedy.

Scaremongering tactics that the planet faces catastrophic warming caused by a build up of man-made CO2 is a cool cop out. Throw into the mix billions spent on averting a 'global disaster' to line the pockets of the 'green' entrepreneurs. A recipe for opportunism and greed is a disaster waiting to happen.

Ripping out the heart of the rain forests and its people to produce cheap beef and palm oil for the West is the real tragedy. Forcing poor souls to choke on pollution from factories to satisfy the West's lust for cheap goods and live in the squalor of the detritus of pollution is the real scandal.

But hey, why tackle pollution and the destruction of rainforests when a ready made cute trick of man-made global warming is far more comforting - and cheaper.

World leaders and wannabes descended on the Copenhagen jamboree like a plague. For a few days the new Tinsel Town has been home to everybody who is anybody and the obligatory photo-op. All worshipping at the shrine of the oil dollar, celebrity and Al Gore.

Always with an eye on the chance, Obama, with popularity plummeting, has jumped on the celebrity global warming bandwagon with more false hopes and busted dreams. All a bit rich coming from the guy who picked up a Nobel peace prize with the warped logic declaring that 'war is the new peace'.

Here Borrowing Brown has latched on to the climate fad to try to pick up a few fag-end votes, begging and borrowing £1.6 billion of taxpayers cash to hand over and add to the mountain of debt, without so much as a by-your-leave.

So-called 'climate change scientists' and self-appointed cheerleaders of the AGW con staged a feeble fightback after leaked e-mails showing up the sham of the man-made global warming myth sent shivers down the spines of the greenwash zealots.

But the credibility of anthropogenic global warming (AGW) had been blown out of the icy waters. The Climategate scandal at the now discredited Climate Research Unit (CRU) dealt a death blow to the con artists. Climate modelling chicanery and dodgy data to concoct the UN's Intergovernmental Panel of Climate Change (IPCC) reports have been exposed as a sham.

Carefully contrived political initiatives had been disguised as objective science. Deceitful manipulation of data or downright destruction of inconvenient truths has finally left the zealots out on a limb.

The stakes are high for the eco-fascists who stand to make a mint out of the con and other people's misery. Billions in funding and research grants pour into the pockets of the vested interests in defending the AGW model.

Politicians are propagating the myth to shore up waning popularity. Carbon traders have latched on to the latest fad to make a fast buck. All traded off other people's misery.

Many magazines and newspapers which latched onto the cool global warming myth in a bid to lure readers have finally seen through the con.

The myth was such a nice tidy story. The end-game is a squalid power play over 'carbon mitigation' funding at Copenhagen.

The Orange Party takes its hat off to BBC regional TV weatherman, Paul Hudson and his innocuous posting on the BBC website back in October. Then Hudson had the cheek to ask: what happened to global warming? "For the last eleven years," said Hudson, "we have not observed any increase in global temperatures".

The leaked emails were a result of Hudson's BBC posting. Climategate followed to shock the world. What remains is a squalid footnote in history as the greatest scandal in modern science was exposed as a sham.

The Orange Party has long believed the man-made global warming myth is an elaborate money-spinning hoax. The 'world's leading climate scientists' are more dedicated to promoting an alarmist political agenda than scientific research.

Pollution and greed is killing the planet and its people. Anything else is pure poppycock.

Top picture: Private Eye cover