THE AUTUMN STATEMENT.

This subject would normally be dealt with on the other channel: 'Government By PlayGroup' (http://polly-tickle.blogspot.com). The stupidity of the European Union, however, suggests that we can consider Chancellor of the Exchequer, George Osborne's statement here.

As with most of the western world, not least the US and the EU, times are hard and getting harder. This obviously means that sensible folk need to cut their cloth accordingly. This problem is not going away in a hurry. Not only my children, but their children and so on, for generations, will be trying to reduce the debt bequeathed to them by the last Labour Government. This problem won't go away just because we are getting bored with austerity, it's probably only just beginning. Let us consider concerns that are ignored when politicians are discussing the future. Should the Republicans dig their heels in regarding Obama's left wing budget strategy, the States will be buying fewer imported goods. The EU is closing down at a high rate of knots; we then have to fund an extra influx of East Europeans in a year's time, which suggests that savings will be difficult to come by.

The retarded Labour Opposition is for ever harping on about a plan B. They think that we should carry on the Keynesian theory indefinitely; I'm sure that John Maynard would not have advocated such nonsense.

The real answer would be to pursue the John Cowperthwaite approach, by lowering taxes, preferably with a flat, across the board rate. Plus, if we plan annual benefit reductions for the workshy, we could have an 'effort' driven recovery. A serious look at ridiculously low interest rates, which triggered farcical house prices, must also be a consideration.

WHAT RIGHT HAVE WE TO PASS OUR DEBT DOWN TO FUTURE GENERATIONS.