Tuesday, November 22, 2011

UK Coalition Government and DEBT


Telegraph: Reports that the Coalition Government could fail to eliminate the structural deficit as planned for by the end of the Parliament in 2015. Thus folks the Coalition has a massive political problem, the Unions are on the street at the end of the month over the present cuts, what if the Coalition has to bring in even harsher cuts as faced by Ireland, Greece and Italy, what if the basic structure of the UK welfare state has to be reformed, what if you as in Ireland have to pay form some health aspects, what if you are means tested for the use of the NHS. The Coalition might have to look at actually not giving benefits to people under 25, that is out there idea folks, there would be exceptions of course, but that kind of radical thinking is needed, the UK could face ten years of low to no growth and austerity, come back Harold Wilson. At some point the Conservative Party might decide that it needs a political scapegoat, no matter the Lib Dems, thus the EU, have a Referendum at the same time as the General Election about getting out of the EU. It would kick the Lib Dems out of the system, the Labour Party would be split, and Conservative Party might just win a election with an overall majority. At the end of the day Conservative Party is about winning folks.

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