Merkel to Brown: “We can’t afford more borrowing.”

Gordon Brown would like to think he’s leading the world to economic recovery. His current plan is to have another massive spending binge, this time co-ordinated by the G20, who meet later this week. He would like to waste more money, and create a bigger burden for future generations to pay off. We’re already in as much debt as in World War 2, could it get any worse?

Last week when Bank of England Governor Mervyn King himself, warned that Britain could not afford to go on another borrowing binge. Let us not forget, this all has to be paid for in taxation at a later date. Our nation is being bankrupt.

This week the German chancellor Angela Merkel, a strong opponent to further fiscal stimulus, has warned of the risks of debt, that Germany simply cannot afford. The Germans have the 4th largest economy in the world, and considerable influence, therefore I can’t see how Brown’s ‘save the world’ by burdening the world with more debt, is going to get a unified thumbs up.

Brown is running around trying to be the saviour of the world, but the world don’t want to listen.

Ground control to major tom
Your circuits dead, theres something wrong
Can you hear me, major tom?
Can you hear me, major tom?
Can you hear me, major tom?
Can you….