Before I do today’s post. please let me expose the utter absurdity of our politicians’ impotence in the face of our ever-growing public spending and debt. The great economic genius, George Osborne, has announced that the British Government will be selling its stake in Eurostar for about £200m “in order to reduce our national debt”.
Hold on a minute. We are borrowing £100bn a year. Thus our national debt is increasing by £100bn a year. If we’re borrowing this much, then that’s around £274m we’re borrowing every single day. Ooops.
So, if the Government managed to get £200m for Eurostar, then that would pay for just 17.5 hours of our Government’s borrowing! How the f*** is selling Eurostar going to “reduce our national debt”? My worry is that some people are stupid enough to believe the imbecilic Osborne’s pronouncements…