13 October 2011

Isn't it ironic?

Has anyone else noticed the glaring contradiction in Osborne's speech to the Conservative party conference? (I admit I was distracted by the bare-faced fibbing.) Chancellor Osborne has become the champion of credit easing, which if it means anything, means making credit easier.

…borrowing too much is the cause of Britain’s problems, not the solution. …You can’t borrow your way out of debt.

So too much borrowing is the problem, and making it easier to get credit is the solution.

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