Charting a crisis So once again, it's taxpayers to the rescue. The bill will be big and will have several chunky elements: Debt - governments are taking on a stack of debt from floundering banks; in the US the transfer...

Politicians are the only people in the world who create problems and then campaign against them. Have you ever wondered why, if both the Conservative and Labour parties are against national debt, we have a national debt? Have you ever wondered why, if all the politicians are against inflation and high taxes, we have inflation and high taxes?

Today is an exciting one for the TaxPayers' Alliance - our UK Debt Clock starts its 1,300 mile tour of Britain, highlighting the vast scale of the national debt to taxpayers right across the country. For many years now, there...

The 646 People Responsible For All Of Britain's Woes Politicians are the only people in the world who create problems and then campaign against them. Have you ever wondered why, if both the Conservative and Labour parties are against national debt, we have a national debt? Have you ever wondered why, if all the politicians are against inflation and high taxes, we have inflation and high taxes...

Now I thought that would get your attention. Well lets face it we are all - after the bidding war with debt for votes is over - going to have to pay more tax. Proposal 1: A national mortgage( or debt) tax : The Debt raised should be visibly paid back and calculated for each tax payer. A proportion of income tax should be re-badged as debt repayment tax and at the end of each year all taxpayers sho...

In response to the 2009 Budget Speech, which committed British taxpayers to record levels of debt, TaxPayers' Alliance Chief Executive Matthew Elliott said: “This Budget commits taxpayers to a terrifying amount of debt that will burden ordinary families for decades...

Thus Jesse, discussing Michael Hodges' visionary "Grandfather Economic Report" and US indebtedness: In a simple handwave estimate, one might say that the debt will have to be discounted by at least half. That includes inflation and selective defaults... ... something has got to give. The givers will most likely be all holders of US financial assets, responsible middle class savers, and a disp...

From the privately-owned MSM: Sky News: Shock rise in UK inflation CityWire: Consumer inflation shows surprise increase Telegraph: The return of inflation Independent: What fall? Inflation shows a surprise increase Financial Times: Inflation surprises and jumps to 3.2% ... meanwhile, on Planet Beeb: Key inflation measure falls to zero* Compiled by Little Professor at HPC. * This has since been cha...

mortgage payments: up electricity and gas bills: up food bills: up insurances: up fuel costs: up fares and season tickets: up holidays: up taxes: up unemployment: up small business failures: up bankruptcies: up homelessness: up surveillance: up levels of functional innumeracy and illiteracy at 11: up family breakdown: up street violence: up Where is the down side?

A few years back, I proposed an alternative budget for the UK. IIRC, it involved cutting taxes by a quarter, spending by a third. Even assuming no increase in economic growth (that would boost sales tax revenue), this would have created a massive budget surplus that could have cut the UK national debt by over 10%. I opposed default then for what I still think were good reasons: first, many private...