Poof! Just when you thought Gordon Brown was finished, he waved a magic credit card and lo, £2.7 billion pounds appeared, as if from nowhere. Why don't they just do this all the time?
So thanks Gordon, for once again crowding out the private sector in a recession with yet another bond issue and heaping the coupon payments onto me in the near-term future, plus the principal payment onto my children.
I suppose the desperation of this move, which hammers upon the door of Brown's own fiscal borrowing 'rules', shows us how close we are to being rid of this marxoid cretin, but once again when faced with the clear choice of either cutting government spending and upsetting his parasite friends or hammering the tax creators yet again, he chose to lump this debt onto the tax creator class.
I think the BBC worked out last night, with generously elasticated figures, that Brown now has the financial manoeuvring room of £100 million pounds in the next fiscal year, which is about the photocopying bill for the average useless quango. Expect this expansive limit to be broken within days, certainly weeks, as the central bank induced recession, as noted by Caroline Flint, comes racing home.
It must be nice to have a billion dollar credit card up your sleeve, in case of emergency. Well, Brown doesn't have to pay the bills when they come due, does he? That's my job, as a tax serf.