Britain is Broke - George Osborne, Chancellor of the Exchequer!
Link.“The British Government has run out of money because all the money was spent in the good years,” the Chancellor said. “The money and the investment and the jobs need to come from the private sector.” Daily Telegraph, 27/02/12
All well and good, clearly obvious facts, known by all sensible people for several years! So what is the job that should now be being done by the Government and all the other institutions and facilities of the State?
First; those responsible must be brought to account and punished with the full force of the law for both their criminal negligence and where it can be proven, outright fraud. They are of course spread out everywhere across British society, mainly within the public services and institutions, (but not exclusivey see T. Dan Smith and John Poulson).
Second; large areas of public expenditure are wasted. That waste is a function of public administration, it is most evident within the MOD and NHS, but exists across central and local government. The NHS reform has become a farce, not least because an individual's health should be that individual's own primary responsibility. Scrap the NHS. Withdraw the major part of the cost of working adults' healthcare, from the state, and replace it upon the individual.
Both the above steps might bring home to the wider public the severity of the actual crisis the country today faces!
It will be poltically difficult for both the Coalition parties, but the senior figures of the third, should initially be safely behind bars and unlikely to benefit until the economy has brilliantly improved, which with these two steps, it is practically guaranteed so to do!
Labels: Bankrupt Britain