capitulation day
+194...
...in palookaville today...
...a great pow wow is taking place...
...as the great and the not so great...
...meet to try and fix the boom that's bust...
...they are to kill some chickens and drink their blood...
..and dance around and loose their selves...
...in a frenzy of fire and liquor...
THE ZOMBIE BOOM
...here in palookaville they just don't get it...
...the money they created yesterday...
...was used to buy tomorrow's stuff...
...now we all shopped out...
...an deep in debt...
...our friends in the east have invested heavily...
...in machinery...
...to make the stuff we want...
...at ever faster rates...
...and ever cheaper prices...
...in order for us to buy their stuff...
...they bought our debt...
AFTER THE MUSIC STOPPED
...all good things must come to an end...
...and in august 2007...
...the band stopped playing...
...the hope today...
...here in palookaville...
...is that by bringing the dead world boom...
...back to life...
...normal service will be resumed...
...but...
...the boom was unsustainable...
...so what next?...
GARAGE SALE OF THE CENTURY
...all over palookaville the garages are emptying out the stuff that no one wants...
...they want to put their new cars in there...
...yes...
...they have a new car already...
...and now they want out of debt...
TOO MUCH IS NOT ENOUGH
...too many factories...
...not enough buyers...
...time to grow your own home markets...
...y'all want to export your stuff...
...an keep the money...
...well...
...where's that got ya ?...
Now taxpayers bail out MPs' pensions
A fresh row over MPs' pay and perks erupted after taxpayers were asked to foot an £800,000-a-year bill to bail out their gold-plated pension scheme.
Under the plans unveiled by the Leader of the Commons, Harriet Harman, the Exchequer will increase its contribution from £12.4m to £13.2m a year. MPs will each have to pay an extra £60 a month to help fill a £51m black hole in the parliamentary pension fund.
The package was published after government financial experts found a growing deficit in the pension scheme because former MPs were living longer.
The Government Actuary said that taxpayer contributions to the scheme – already one of the most generous in the country – would have to increase by £2.1m a year to cover the shortfall.
Ms Harman said she wanted MPs to increase their payments into the scheme from 10 per cent to 11.9 per cent – equivalent to £60 a month – to help limit the extra bill for the taxpayer.
Steve Webb, the Liberal Democrat pensions spokesman, branded the decision a "spectacular own goal for MPs". "The pensions of MPs and other well-paid public sector workers have to be brought in line with reality. With members of the public losing their jobs and seeing their pensions plummet, MPs cannot insulate themselves from the harsh realities of the recession."
Susie Squire, the campaign manager at the Taxpayers' Alliance, said: "Asking for more money to plug the deficit in politicians' gold-plated pensions is an utter disgrace. These pensions have been a bottomless pit for too long, and continuing to pump in taxpayers' money is no solution in the long term.
"Why should taxpayers fund politicians retiring into the lap of luxury when they have seen their own pension reduced out of recognition? If MPs want such a generous pension, they must pay for it out of their own salary and not simply keep dipping into the pockets of hard-working people."...indy
Leading article: Time for root and branch reform
RULE THE PEOPLE : LIVE LIKE THE PEOPLE
...here in the loft...
...beulah an me an the gang...
...believe that the people who make the laws...
...should live by the laws...
...politicians should send their children to state schools...
...politicians should only use public hospitals and services...
...politicians should keep all of their assets on shore...
...and available to normal tax rates...
...they should not be able to make laws for us and avoid them themselves...
...they should have the same pension scheme as those that they rule...
...they should not have ridiculous levels of expenses...
...no government person of any government should get a tax free salary...
...ever...
...no taxation without the taxer's paying the same...
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