Thursday, September 17, 2009

Gordon Brown: In Over his Head

Nickie Goomba has a superb post at itdontmakesense discussing a daily telegraph story on how 25% of the U.K. annual budget is now attributable to welfare payments.

Welfare related payments are "[a]lready the largest single item in the budget, by 2013/14 spending on social security will dwarf every other item of Government expenditure."

I won't bother to re-post or paraphrase Nickie's piece. I urge you to read it yourself here.

1 comment:

  1. Gordo is on the ropes. The whole Capitalism thing seems to have been a lifelong mystery to him.