Well they came in swing their hatchet, cut, cut, cut, pain is necessary to get “the economy” going again. Of course the cuts and the pain were not for them, no, that part was for you and I the ordinary people. Millionaire Osborne, took the economic reins two and a half years ago with his pompous know-all statement that the UK's triple "A" credit rating was the hallmark of success and he would make sure we kept that rating. His next guarantee he made was his cut, slash and burn policies would lead to the UK deficit being reduced and the land would be covered by lovely green shoots. Well what a load of cobblers all that has been, the UK triple "A" rating has been downgraded by two of the three rating agencies and the figures out this week show public sector borrowing in March this year was £10.6 billion, up from £9.7 billion the previous March. So it looks like the first estimate of net borrowing in 2012/13 is similar to last year's £120 billion.
Two and a half years of austerity, a nice way of saying poverty, heaped on a people for the prize of a deteriorating society. All the Cameron/Osborne bullshit exposed for what it is. I have never swallowed this crap about the “deficit reduction” would lead to growth, to the financial Mafia it was irrelevant whither it did or didn't. The plan was a little more multifaceted than that. “Deficit reduction” was plain and simple, a transferring of public wealth to the coffers of the financial Mafia to make up for their gambling losses, a way of legitimising the selling off all public assets to the corporate world, and of course to get wages down and create a UK sweatshop economy to compete with their Eastern sweatshop competitors. So it is working well at the moment.
This is capitalism, all this chatter about deficit reduction, credit ratings and growth, is not with your welfare in mind, it's all about corporate profits, you and I are incidental to these calculations. We are an inconvenience to the corporate world, they need us to buy their crap, and sadly we need to be fed, and that means paying us, that in turn hits their profits. They will of course, always struggle to keep that cost down and they have this system of so called “representative democracy” which puts the stamp of legitimacy on policies to keep us in our place and to protect and enhance their profit margins. Until we change that system, we will continue to be screwed. They need us, we don't need them.