So much for paying off the deficit in 5 years

[Gromit]

// Britain is to offer 100-year gilts, meaning current Government borrowing will not be repaid until the next century, under a radical plan to be unveiled by George Osborne in next week's budget. //

http://www.telegraph....r-100-year-gilts.html

Is this plan B then?

[youngmafbog]

You clearly dont understand how things work do you?

[Gromit]

Yes I do.

Politicians say things to get elected which usually turn out to be lies.

[DTCwordfan]

Given your lot put us in this can, that's a bit rich, so to speak.

Osbourne is apparently £10 bln inside his borrowing needs as he goes into the budget. The use of such gilts helps free up more of the deficit thereby allowing him a little more room as to (i) excise duties/VAT on fuels, (ii) UK road repair (iii) NHS and old folk support, (iv) Education spends (v) Police etc.

So there you are, Gromit, attacking him for this and then you don't hesitate in other attacks on the cuts etc. You can't have it both ways - unless you want the UK to be like Greece - which maybe the Labour Party has really wanted us to be by its recent irresponsible actions, which only replicate the form shown during other Labour regimes.

[Canary42]

Actually it was the Labour Government who prevented us from going the way of Greece when the global crash occurred. and then they got growth under way again (essential to pay of the debt) before Osborne took over and killed it off.

[Gromit]

DTCrosswordfan

I actually voted Lib Dem, so my lot as you put it are the ones fu cking it up in Government.

Germany, who were in a similar position to us have gone for growth to get themselves out of this mess and seem to be doing better than us. A lot of the cuts do not save money. The police service has seen huge cuts in manpower, but as a result crime is rising. You can't have it both ways.