The gloves are off as Britain’s Channel 4’s “Benefits Street” reaches Germany’s “Auslanddjournal” and Fraser Nelson from the Tory “Spectator” tells the German reporter that “the villain of the piece is a still-unreformed welfare system” while Ian Duncan Smith, the man who “used taxpayers’ money to pay his wife a wage for doing nothing”, believes that the public backs his party’s welfare reform package, and its attempt to “get people back to work to end these abuses.” .
The rationale of austerity is clear with the Chancellor, George Osborne, having announced to the Conservative Party conference at the beginning of October 2011 that the prize is “a British economy freed from its debts, growing strongly, spreading prosperity to all our people; so we can fulfill the solemn promise to the next generation: we will leave the world a better place than we found it.” Nevertheless, the debt continues to increase and that is before we have even begun to count the cost of the bank bailouts.
That, of course, is the real story and with an estimated £1.162 trillion since 2007 having been spent on bailing out the banks it is easy to see who the real culprits are, but that is not going to stop the Bank of England absurdly believing that it can revive the economy by issuing more money to solve a problem that was caused by too much money in the first place.
Still, while all of that money is in circulation it cannot be expected that the politicians in Westminster will upset their friends in the City and cap their bonuses. After all, the real scroungers, those who live off of the public purse, are to be found in places like Birmingham’s “Benefits Street” and when Britain’s debt based economy comes crashing down in the not too distant future the right-wing has its scapegoat.
While watching “Auslandsjournal” this evening. ego’s thoughts that history does indeed repeat itself were accompanied by a picture of Heinrich Bruning in his role as the Weimar Republic’s undertaker. It can be expected that Britain’s debt based economy will collapse completely in the not too distant future and we are entitled to be wary of what might rise in its place. The scum is already arousing their rabble, they are jockeying for position. The gloves are, indeed, off!