Wednesday, December 7, 2011

budget 2012



Matters of high finance are not my area of expertise. Yet it seems common sense that our financial crisis is as a result of what can only be termed the gambling of those who do consider themselves experts in that field. The government, for reasons best known to themselves, decided to national the debt that resulted from their speculations when it all went wrong (having lightly taxed the profits when all was going well). And now spending cuts and higher taxes are being made to pay off that debt in a manner that will disproportionately affect those who are poorest in our society.

If I have misunderstood any of this, perhaps someone will set me straight?

In the meantime, Merry Christmas.

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