Abu Qatada and Budget Cuts
While British taxpayer are paying millions of pounds to keep Abu Qatada and his family in Britain – a man who entered the country illegally – vulnerable British families are being tortured by budget cuts. Senior Conservatives are asking the Prime Minister David Cameron to turn on the heat and go for a public budget freeze for not less than 4 years, public budget freeze that in view of the present rate of inflation actually means salary cuts of about 2.5 per cent a year.
Would you borrow money to give it to somebody else while you pay higher and higher interest rates for the said money? The plain and direct answer is no. Unfortunately this is what Britain does every day. Britain borrows money to give money to the European Union and various countries outside the European Union. Britain can only give money to the European Union and to other countries outside the European Union by getting deeper into debt and facing the serious prospect of having British bonds declared junk. Italy of all countries is pretty close to having its own state bonds classified as junk.