Sunday, April 21, 2024
HomeCulture WarAn utterly obscene level of borrowing

An utterly obscene level of borrowing


NOW that we have had a full debate about Penny Mordaunt’s arms, it is time to move on to the incredibly important topic of Phillip Schofield. You’ll have to let me know about that, however, as I don’t watch TV and I certainly don’t watch the breakfast TV programme that Schofield appeared on. If you are not ‘up’ on that, though, there is always Suella Braverman’s speed awareness course. These are the hot topics that conveniently distract you from the fact that we are all immoral, greedy vampires. Let me explain.

Do you know what is important? The national debt. Yesterday it was reported that although we will narrowly miss recession (hurray!) ‘the UK’s borrowing bill rose in April on the back of stubbornly high inflation forcing up the government’s debt interest payments. Official figures showed that public sector borrowing climbed to £25.6billion last month, up from £13.7billion in the same month last year and overshooting forecasts from the government’s independent watchdog, the Office for Budget Responsibility.

‘The Office for National Statistics said it was the second highest April borrowing on record, outstripped only by the one in 2020, in the depths of the pandemic. It said that borrowing was driven up by the cost of the government’s energy support scheme for households, higher benefits payments, and the rising cost of servicing debt. The ONS said that its estimate for borrowing for the financial year ending 2022-2023 was £137billion.’

Which all means, ‘The ONS said that the debt ratio was 99.2 per cent of gross domestic product (GDP) in April, up marginally from March.’

Pick whatever figure you like. The debt to gross domestic product figure at nearly 100 per cent is probably the easiest to understand, and what this amounts to is an utterly obscene level of borrowing.

What this government is doing, and everyone seems happy to go along with them – the blue voters, the red wall voters, ‘the elite’, whoever they are, and the non-elite, the GMTV watchers, the Westminster scandal-watchers – is that they or we are more than happy to plunge future generations into levels of debt that are really a form of indentured servitude. If you think the tax burden is bad now, what will it be in 20 years?

A monstrous tax burden means that your life is being sucked away. Some people might think, oh, it’s only money and that you are being greedy and selfish to object. Again a classic case of gaslighting – the people who are being greedy and selfish are those who care nothing about the tax burden.

That tax burden means the hours you have to work to pay that tax; it is your life energy that is being expended and used and taken by our government. Those hours of labour are hours away from your children or your ‘nag-bag’ of a wife, or away from the simple pleasure of taking a walk or reading a book. 

Then there is the stress – let’s not underestimate the stress of running a small business or managing a team. People can have heart attacks from constant stress. The constant pressure – the tick, tick, that you can’t get away from. Not that our government cares about that – sure if you die young from a heart attack, that’s a saving on the NHS in the long run.

It was one thing when your tax/your life energy is used, like I said before, to further the common good such as infrastructure, schools, roads and suchlike. Most people are also willing to work and have the benefit of that work distributed to others who for some reason cannot work. It comes under the general ‘there but for the grace of God go I’ philosophy of life – a sense of solidarity with your fellow man or woman.

But this, this immoral level of borrowing and debt, is not that kind of thing. The first two main schemes the borrowing was spent on were the energy support scheme (free money, and not infrastructure) and higher benefits (also free money).

What is really critical is that the money for this isn’t coming from current taxpayers who at least get some sort of say in what the tax and spend policy is. No, this is borrowed money and will be passed on to future generations.

Let’s take that figure again: ‘The ONS said that its estimate for borrowing for the financial year ending 2022-2023 was £137billion.’

One hundred and thirty-seven billion.

Just remind ourselves: you have a million, we can understand that. Just. A billion is 1,000 of those millions. A thousand of them.

So the borrowing for this year will be 137 of each unit of 1,000 times a million. Just what does that look like?

I tell you what it looks like – greed. Greed and irresponsibility, and more greed. A greed for the money, for other people’s labour, for their life energy, and also greed for power. The lust for power by the people who are willing to execute all this borrowing, so they can keep the electorate happy and themselves in government.  

Remember how I spoke about conservatism being about having duty to others? Well, we have a duty to future generations. We have a duty not to bury them in debt. What we are – all of us living who say nothing against this – are vampires, that’s what we are.

We are willing to set up a system whereby the life blood, the life energy of those coming after us, will be literally sucked out of them by future governments, Labour or Conservative, it doesn’t matter, to service the debt. A debt for which they get nothing in return – no new infrastructure etc. All those billions will already have been spent on subsidised energy bills, benefits, and let’s not forget the biggest vampire of all, the NHS.

Finally, adding insult to injury is that those who advocate for more borrowing and greater debt actually believe they are the morally superior ones. They seem to think that they are charitable and kind. No, their avarice is monstrous and their reckless disregard for the rights of those who come after – the right to keep what you have worked for – is borderline psychotic. It’s time they should be informed of this inconvenient fact.

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