The Trickle-Down Effect is Working Well.

The UK government is in austerity mode, and the trickle-down effect is to spread poverty wider than ever before. Particularly at risk are single parent mothers with young children, who have difficulty balancing the demands of raising young children with those of the welfare administration. See “Down the Rabbit Hole

There are other ways of dealing with the current financial situation, and no shortage of people to recommend them, but the government is sticking resolutely to its path.

Is there something we are not being told?

One might have thought that with an income from taxation of £23.9bn in 2013 there should be enough money to go round and keep everybody happy. See
UK tax inspectors collect record £23.9bn

What they didn’t tell you was that the UK is already in debt to the tune of £1.27 trillion, and the interest payments on this debt will be about £1bn a week – more than twice the income from taxation in a record year!
Interest bill on UK’s £1.27 trillion debt to hit £1bn a week

You may well ask at this point “Well why isn’t the UK bankrupt?”, and with good reason.

There are answers to the question, of course:-

    Smoke and mirrors
    Sleight of hand
    Shady Dealing (Privatisation)
    The City

Even if the invisible earnings bring in about the same as the visible (taxation), it is quite apparent that there is no great surplus to be had, which means that if you were expecting a bonus, you will have a very long wait. Don’t hold your breath!

Of course, there is always the redeeming factor of inflation – that horrible device that steals money out of pensioner’s pockets, but makes large debts eventually easier to pay off. Unfortunately, that is being held low at the moment, and does not make any significant contribution in the short term.

In view of the foregoing, one could ask why anyone is seriously contemplating a flagship project such as HS2 at all – we simply can’t afford it. Ah, but if big business comes up with the money, it could work. Never mind that it is not really of much benefit, will be totally behind schedule, and way over budget – flagship projects are simply necessary. Don’t knock it!

It would explain why only things that show a profit are being privatised at this time, The government has no money to pay the “Sweeteners” that would be necessary to off-load a failing business.

It does not explain, however, why the interest in Fracking. Especially as both the Bowland Hodder and the Weald Basin studies state that although oil and gas are actually present, the chances of extracting them in commercial quantities should be regarded as low, at least until further testing has been done.

After the shock of the weekend voting, it will be back to “Business as Usual” in a couple of weeks, no doubt, with a few soundbites to smooth the electorate’s ruffled feathers.

What a way to run a country!


Added to Blogroll!

I don’t know enough about politics in America, so I say very little about it, much preferring to leave it to people who are better informed. As luck would have it, I received an email the other day to say that someone had “Liked” my post “Recall: Put Power In Voters Hands”. Naturally enough, I went to their site to see what they were doing.

I liked what I saw!

These guys are getting organised to campaign against career politicians, by limiting terms in office to 12 years, which equates to two election periods.

This is very much the way I think also, as the UK system is riddled with career politicians, and even worse, many of them had the empathy knocked out of them at boarding school.

This type of person is not a good choice as a representative of the people. The problem is that it is not the people that are doing the choosing, but political parties, who are only interested in staying in power as long as possible.

As far as I am concerned, anything that helps to move us back towards a decent grass-roots Democracy that actually serves the interests of the people must be actively supported.

So here is the link to their site:- Term Limits For Congress

Take a look for yourself, and see if there is anything that you can do!

Recall: Put power in voters hands

There is a new petition on 38Degrees to try to get a usable “Recall” system working. I signed it, and was immediately asked to spread it around.
To be of any value at all, the Recall facility must be under the control of the constituency that votes an MP in.

Cameron’s last attempt to fudge this demand by putting Parliament in charge was thankfully blown out.

The recent election results have the major parties in a turmoil, and they will be amenable to making concessions in order to win back supporters.

We need to use that advantage – strike while the iron is hot – and thrust as big a petition as we can possibly muster under their noses before complacency sets in and everything reverts to the status quo.

The text from 38Degrees is as follows:-
“The government is making plans to announce new powers to sack – ‘recall’ – MPs who don’t do their job properly.

But their plans could put the power to sack MPs in their colleagues’ hands – not their constituents. This isn’t good enough.

Together, we can build a HUGE people-powered petition to get real recall – so if enough people wanted to hold a by-election to sack their MP in between elections, they could.”

Here is the link to the petition!

After you have signed up,

Please spread the word as far as you possibly can!