Fiscal Irresponsibility, a la Gordon Brown
Tim Worstall summarizes it succinctly, saying "To Spend Is To Tax":
It’s not just the tax rises, it’s also the rise in borrowings: and, even more than that, the rise in promises of future spending (on pensions and the like) which are not being accrued.
Future taxes have gone up by vastly more than current ones have.
Category: Economics, Gubmnt, Macroeconomics, Money Posted on
Tuesday, October 16, 2007 at 1:25pm
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