Skip to comments.Osborne: Tax cuts are a 'con'[ Class Envy Tax Cuts ]
Posted on 11/15/2008 4:35:51 AM PST by Son House
SUN readers will be saddled with crippling debt by Gordon Browns borrowing bombshell, George Osborne warned last night.
The shadow chancellor forecast millions will be paying off the nations credit card for GENERATIONS to come.
The Premier has vowed to borrow billions for tax cuts to kick-start the economy.
But Mr Osborne said the plan was a con and branded the PM Mr Three Card Trick. He calculated a £15billion giveaway would cost an extra 4p on income tax or £599-a-year on the average tax bill.
It would mean £1.65 on a pint of beer or VAT at 20.5 per cent in the shops.
Mr Osborne said: Sun readers need to know theres a borrowing bombshell coming their way. If Gordon Brown borrows without limit, Sun readers and their children will pay for it for years to come.
The Conservative Party is going to fight to make sure he doesnt leave a scorched earth when he is kicked out.
Mr Osborne warned debt risked making our recession longer than competitors, making it harder to keep the lid on inflation.
He added: Enough is enough.
Great graphic! Where did you get it?
I call it borrow and spend until spending meets or exceeds revenue.
Or maybe the other way around. Need coffee.
Can’t remember, I think I got it from a post here and saved it in photo bucket
Thanks. If you don’t mind, I am going to use this with some friends.
Yes, please do, American Freedom depends on us getting the truth out being the press is only interested in defrauding voters so they can have Socialist Senator Government impose economic justice
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