Labor’s economic policy

Giving any Left-of-Centre party the reins of government is like giving Dracula the keys to the blood bank.

Firstly, they spend like there is no tomorrow, and when they run out of money, they just put up taxes and/or borrow more, which eventually cripples the economy and bankrupts the government. It never gets to that stage of course, because the electorate, who generally appear to have very short memories, vote them out at the last minute and leave the fiscal conservatives to clean up the mess. [Read more…]