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Raising taxes to deal with a
deficit is like letting out
your trousers to deal
with a weight problem

Telegraph [UK], by Danihel Hannan

Original Article

Posted By:Attercliffe, 2/24/2013 6:15:48 AM

No one emerges with much credit, so to speak, from the Moody´s downgrade. It was, in retrospect, silly of the Chancellor to have made such a big deal of Britain´s credit worthiness. His lapse of judgment, however, is as nothing compared to the unlovely enthusiasm with which Ed Balls has greeted the news. The Shadow Chancellor did his best to look sombre, but couldn´t conceal his pleasure. Quite apart from appearing unpatriotic, he reminded everyone of how unserious Labour is when it comes to deficit reduction. What has gone wrong? Quite simply, spending remains too high. Three years into the

Comments:
Handy turn of phrase with lots of uses, particularly the one for which Daniel intended it.

      


Post Reply  

Reply 1 - Posted by: privateer, 2/24/2013 6:41:09 AM     (No. 9193117)

And raising the debt ceiling is like taking out a new credit card because you have maxed out all your others.

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Posted By: Attercliffe- 3/1/2014 10:25:04 AM     Post Reply
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