A few days before 22 Jan 2005 the Telegraph reported Ian McCartney telling us his belief - "It is about not running out of ideas, not running out of momentum." This is a huge eye-opener of a statement. Presently around 50% of our money is going to pay a number of people, seemingly growing at an exponential rate, to do nothing of any significance and to create nothing tangible, to help nobody and encourage nothing. So much of real people's money is going down this black hole that they have nothing left over for savings. The longer this situation is allowed to continue the more of the older generations' pension capital shrinks and the harder it becomes for first time buyers to gain the capital deposit they need to set up house and start investing in their own futures, the harder it is for them to see any reason why they might bother. With every day there comes another batch of stealth taxes, one this week justified by a need to prevent people drinking away their financial despair on a Saturday night. The money of this country is all being sucked into an interminable vortex they call "public spending", and like any black hole nothing appears to come out of it again. To keep the vortex from expanding its appetite from money to human beings, to prevent it taking life as well as livelihoods, hopes, dreams and entrepreneurial aspirations it is indeed necessary not to run out of ideas and momentum.
It is his raison d'etre that is at fault. The economy should be in equilibrium, a balanced dynamism serving those paying in by reward and provision, not an avenue to a bottomless pit. Extra funding to the NHS is going to cover pension shortfalls, health and safety regulators and ethnic balancing monitors. The extra into schools is showing us a generation of leavers a growing proportion of whom are functionally illiterate and cannot add up, only subtract. The operators within an economy should not be witnessing those appointed to manage it having to run at all, let alone run in fear of their jobs.
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