You Know how the "Liberal" "Democrats" can make policies, safe in the knowledge that they'll never be called on it? Well it seems the Labour party is doing the same now. Labour's Golden Rules that borrowing would only be for "investment" and not break 40% of GDP over the economic cycle, are about to be relaxed.
The Badger-Faced sock puppet has been told by his boss to opine that the new economic cycle started in March. This allows the Labour party to continue to
As a result, anyone hoping for a tax-cut in the first term from Cameron's Conservatives is going to be sorely disappointed. There just isn't any cash left in the biscuit tin. The Labour party has acted like a junkie, spending everything they can get their hands on, on that last fix of "public service 'investment'" hoping that the hit of public adulation and electoral success was as good as it was in 1997. Just like heroin, the returns diminish with time.
Just as St. Margaret of Thatcher was forced to raise taxation in her first term to deal with the economic wasteland bequeathed to her, Cameron will, at best be forced to maintain tax at current levels, even as spending is cut, until the Balance sheet allows him to start finally cutting the burden. This is Labour scuttling the ship ahead of capture. They're entrenching as much of their client state as possible, knowing they've got just two years to prepare traps for the Tories, get as many of their people feather bedded on long-term contracts with Quangos as possible and make sure the only course open to the Conservatives is one of deep Pain for the country. The biggest trap is massive spending commitments combined with huge borrowing and a stagnant economy forcing unpopular taxation, combined with deep spending cuts.
I've often noticed that Labour "people" hate the Tories with a passion rarely felt by their opponents towards them. With good always waving the red flag, such economic vandalism seems, to them, like a right and moral act to damage the Tories as soon as they take office in 2010, to hurt the Tories by forcing them to be the 'nasty party' once again. We all pay, through the nose for their spite. Such is the Labour party's collective delusion. Never, ever elect the bastards again.