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Osborne: Tax cuts are a 'con'[ Class Envy Tax Cuts ]
The Sun ^ | November 13, 2008 | By GEORGE PASCOE-WATSON

Posted on 11/15/2008 4:35:51 AM PST by Son House

SUN readers will be saddled with crippling debt by Gordon Brown’s “borrowing bombshell”, George Osborne warned last night.

The shadow chancellor forecast millions will be paying off the nation’s 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 there’s 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 doesn’t 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.”


TOPICS: Business/Economy; Foreign Affairs; Government; News/Current Events
KEYWORDS: con; cuts; osborne; tax
Because Class Envy Tax Cuts by Senator Gov. will be rebates, with giant increases to those in higher income levels that take the risk to run a business, no one getting a tax rebate is going to hire a work force, as JC Watts said, "Big business is small business". High earners will be reduced under the Class Envy Tax Cut Plan
1 posted on 11/15/2008 4:35:51 AM PST by Son House
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To: Son House
2005, $2.15 Trillion Federal income revenue, highest level of federal receipts in history, while Republicans continued the spending spree, but don't let them call it borrow and spend, it was paid for, Bush tax cuts Photobucket
2 posted on 11/15/2008 4:49:30 AM PST by Son House (Democrats Now Get Their Chance To Prove They Are "Good For The Economy")
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To: Son House

Great graphic! Where did you get it?


3 posted on 11/15/2008 4:57:18 AM PST by mlocher (USA is a sovereign nation)
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To: Son House

I call it borrow and spend until spending meets or exceeds revenue.


4 posted on 11/15/2008 5:01:36 AM PST by Doe Eyes
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To: Doe Eyes
I call it borrow and spend until spending meets or exceeds revenue.

Or maybe the other way around. Need coffee.

5 posted on 11/15/2008 5:03:02 AM PST by Doe Eyes
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To: mlocher

Can’t remember, I think I got it from a post here and saved it in photo bucket


6 posted on 11/15/2008 5:10:07 AM PST by Son House (Democrats Now Get Their Chance To Prove They Are "Good For The Economy")
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To: Son House

Thanks. If you don’t mind, I am going to use this with some friends.


7 posted on 11/15/2008 5:10:53 AM PST by mlocher (USA is a sovereign nation)
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To: mlocher

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


8 posted on 11/15/2008 5:25:13 AM PST by Son House (Democrats Now Get Their Chance To Prove They Are "Good For The Economy")
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