« Tunku Varadarajan on David Frum and the "Polite-Company Conservatives" | Main | Overnight Open Thread »
March 24, 2010

How Do You Finance Crazy Levels of Government Debt When No One's Interested In Your Bonds?

Hmmm. I wonder.

Just weeks before the country is due to go to the polls, the Chancellor warned the well off that they must pay their “fair share”.

Such is the scale of public debt, which Mr Darling forecast would rise to £1.4 trillion in the next five years, he was unable to announce substantial tax breaks or giveaways aimed at attracting voters.

Instead, he was forced to reveal a series of measures that would raise money.

Forced. What else could he do, he's forced into this.

After warning the "well off" what was in store for them, he then announced a laundry list of tax increases that oddly seem to affect, well, everybody. It appears the Brits have moved past soaking the rich and onto taxing the middle class. I'm so looking forward to the American version of this English sitcom.

ALSO see happy bond stories here earlier from DrewM, and this one courtesy of the man-lesbian Andy, the other man-lesbian (they're overrun with them) over at the Hostages.


digg this
posted by Dave In Texas at 08:20 PM

| Access Comments




Recent Comments
Insomniac - Getting Microaggressed on the Daily, Yo!: "Another good one for the Food Thread. Anyone famil ..."

Sandra F.: "[i]That means they're really being hard if Jimmy c ..."

Mike Hammer, etc., etc.: "Are we now lactophilia intolerant? Posted by: buz ..."

Lost Shaker Assault: "I've been a chef, cook, and restaurant manager 35 ..."

Donna&&&&V sez: Sorry Tribe fans. Go Astros!: "Not entirely OT, here is a vid of some sane - and ..."

Cosmic Charlie: "Tina Weymouth was extraordinary ..."

buzzsaw90: "One word: lactophilia. And celebrity chefs. Pu ..."

filbert: "[i]"Diversity" by itself is valueless. A bucket of ..."

Insomniac - Getting Microaggressed on the Daily, Yo!: "508 Let's face it, diversity is weakness, straight ..."

colfax mingo: "Eromero, Not a poet, but not a bullshitter eith ..."

Mike Hammer, etc., etc.: "It starts with lactophilia, then, the pudding. ..."

publius, the Persistent Poperin Pear: " Another good one for the Food Thread. Anyone fa ..."

Recent Entries
Search


MuNuvians
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
News/Chat
Archives
Powered by
Movable Type 2.64