Monday 12 October 2009

We're going to have a 'fire sale' - we're going to have a big one!

We're not solvent!

Oh no! £175bn of Public spending - 23% of the GDP paid out to rescue the banks! What can we do?

We can't get through it,! We can't go round it! We can't gloss over it!

We' will have to go through it! Sell, scrap, tax, stand down!

Today it was announced that the government is seeking to raise £16bn by selling some of the silver which it describes as ' a portfolio of non-financial assets'. The initial offering (£3bn) comprises The Tote, The Dartford crossing, the Student Loan book, The Channel Tunnel Rail Link, the nation's 33% share in Urenco (Uranium for the masses?) and will also sell of surplus real estate.

Of course, with the stand down of the Territorial Army for six months I imagine there will be a fair amount of 'surplus real estate' very shortly as the TA Centres come onto the market.

I can't help feeling that my children are destined to be paying for the excesses of the bankers in both monetary terms and in being part of a nation which appears to be cutting the potential to enact a proper defence of the realm strategy.

Not a political post - but a post which is looking at the political decisions and their ramifications.

Can I suggest that we pray for our leaders. For our young people (I wonder who will take on their debt and how they will manage the system?), for the forces (£95m cut from the Army budget, TA suspended and yet nothing will change at the sharp end - apparently the defence of the realm and Afghanistan are unaffected?) and for our nation as we move towards a double-dip recession.

God bless us all!

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