NI and the Economic Illiteracy of Labour

I am, frankly, flabbergasted at the twists and turns Gordon Brown is using to try and make out the NI "cut" is damaging.

He says it is taking money out of the economy. He says it is unfunded. He says it will cause lay-offs and closure of businesses.

Taxes take money from the productive sector to fund services. From the statement made by Gordon Brown, one must come to the conclusion that he considers the State Sector to be "the economy" and the Private Sector to be some external funding source. That might explain alot, in fact.

For Gordon Brown to say not raising NI is unfunded is like a Vampire complaining about an unchecked nosebleed. It is also irrational - NI is not being cut, but just not increased. How is that ever "unfunded"? Even if it were a cut, it is still not "unfunded" - tax cuts cut Government revenues, but it is spending that is either funded or unfunded.

Gordon has been a master of unfunded spending for around a decade.

What is so frustrating is that the Tories will not meet Gordon head on. They should say they need to cut public sector jobs so that private sector jobs, the ones paying for the public sector, can grow. They should throw back a lead-lined "And?" to Gordon when he complains about this. Gordon will protect his client state at our expense and this needs to be exposed.

It is outrageous vote-buying from Labour and outrageous spinelessness from the Tories.