I’ve just read the latest musings of the bloke who wants to be our MP. I can’t decide whether Captain Mainwaring is being disingenuous or economically illiterate. His latest
Morning Ipswich Star column is absolutely shocking.
It starts off with a lie.
According to David Cameron everything is fine and the Government is “paying down the debt”.
No David, the prime minister is saying that the economy is improving and we are paying off the deficit. Maybe Captain Mainwaring doesn’t know the difference between deficit and debt. Or maybe he’s presuming the people of Ipswich don’t know the difference between deficit and debt and is patronisingly trying to sound as if he knows what he’s talking about when talking to them.
The deficit is to do with public spending being more than tax revenue . This was caused by Labour having us live beyond our means. The debt is caused by Labour’s obscene amount of borrowing to spend on pointless pet projects and the interest being paid on it.
Before we can start paying of the debt Labour created we must bring down the deficit. Then we will have the income to pay off Labour’s debt.
Mr Ellesmere then says
And far from reducing, borrowing is actually increasing. The Government has borrowed £5.4 billion more this year than at the same time last year.
Yes, we’re borrowing to pay off the interest on the debt created by the Labour party.
Then along comes another lie.
This isn’t what you’d expect if, as we are told, that there more people than ever in work. You would expect income tax receipts to go up and the benefits bill to come down.
This is what you would expect if bringing down the deficit was the priority which it is. There are more people in work and the benefit bill is coming down. Ellesmere says that a large proportion of the newly created jobs are extremely low paid. Wages are low because of Labour’s open door immigration policy.
Then he comes out with this
And we’ve seen with the recent problems in care homes in Suffolk the wider damage that is being caused by wages being screwed down ever further.
Ok, he is being disingenuous. The care homes were not being run to the standard that the Tory Suffolk County Council found acceptable. You can read the facts here.
He then gets back to the borrowing to pay for the interest on his lousy party’s debt.
This isn’t an accident – it’s the reality of David Cameron’s “long term economic plan”. But as an economic model it is totally broken. If we carry on like this then borrowing won’t come down and austerity and cuts to services will become a permanent reality.
No David, the economic model is working. Once the deficit is down to a reasonable level, we will then start paying off the debts. But before we start paying off the debt, we have to get our economy back on an even keel. Hence we are cutting the deficit.
Then David Ellesmere comes out with this
We need to break out of this vicious downward spiral. A National Minimum Wage of £8 an hour or more like Labour is promising would be a great start.
Amazing! The article is so bad that Captain Mainwaring hasn’t even got his own party’s “policies” right. Labour has not promised an £8 per hour minimum wage. They promised it by 2020. Mr Ellesmere implies it would happen in June 2015. Of course, the thing with this is, if inflation stays the same, if the minimum wage was £8.00 an hour in 2020, there really would be a cost of living crisis. Therefore Labour’s promise is based on more economic illiteracy.