Spending more of other peoples money. Yes he is living the gay man's dream, loads of free money - well its not as its all ours.
The blow to tax revenues from the credit crunch is set to send the Chancellor plunging £16 billion or more deeper into the red over the next two years than he has planned, calculations for The Times indicate today.
The estimates of the toll on tax receipts by the National Institute of Economic and Social Research will aggravate the acute financial headache already facing Alistair Darling.
With a general election expected as soon as next year, the Chancellor is already boxed in. A still deeper slide into the red would leave him with little scope for pre-election giveaways or for extra tax and spending measures to help to stave off a recession.
The institute calculates that the severe economic and financial impact of the credit crunch will mean that the Chancellor has to borrow an extra £8 billion in the present financial year, 2008-09, and another £8 billion extra in 2009-10. The £16 billion total is the equivalent of adding nearly 4p to the basic rate of income tax.
The institute also sounded a warning that in a worst-case scenario, should the credit crunch intensify, the extra borrowing needed could double again, to £32 billion over two years. That would inflict on Mr Darling a deficit for this year of £59 billion, or 4 per cent of GDP.
Life is just super in a "Big Gay Al" way when you have free taxpayers money to spend...Thank you all so fucking much Mr Brown, we are managed so fucking badly that even the corrupt fucking crooks who run the EU like Mafia dons think that we are crap.
But after all its only money, so lets piss up another £16 billion on non jobs, waste, mismanagement and fuckwittery.
Cunts utter fucking inept cunts the lot of them.
Hell they bitch about the consumer credit problems which in part is down to people being encouraged to be fiscally irresponsible and we have this worthless shower as an example to the nation.
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