AND SO IT GOES…#364


When the Ruling Elites within global monopoly capitalism ,( i.e.the prevailing global Cargo Cult system of socio-economic despotism and enslavement ) engineered the present ,now-ongoing interlinked series of financial and economic crises ,they really did know what they were doing and what they envisaged the general outcomes would be. Of course ,the Ruling Elites and their governments cannot predict nor always wisely respond to those social movements and political ructions that arise as a result of or are triggered by any such Crises. Greece,Turkey,Brazil,Egypt,Portugal,Spain and including the various localised manifestations of the broader Occupy insurgency are all indicators that the planned intensification of the process of greater endemic socio-economic pauperisation,exploitation and impoverishment now being carried out and haphazardly ” legitimately ” enforced across the world is a political/existentialist struggle,of which the outcome is not quite yet signed,sealed let alone delivered. They are however not shy in redoubling their onslaught against the 99%.The Daily Home Counties Tory Fanzine Mail reports….Britain needs ‘decades of austerity’ with MORE tax rises and spending cuts worth £60bn, warns Treasury watchdog
£153bn of planned savings not enough to return to pre-recession debt
Long-term dangers cannot be ignore, Office for Budget Responsibility says
Further savings needed to defuse timebomb of ageing population
By HUGE DUNCAN ECONOMICS CORRESPONDENT
PUBLISHED: 03:01, 18 July 2013 | UPDATED: 08:49, 18 July 2013

Glum times: Chancellor George Osborne has outlined austerity lasting until 2017-18 to wipe out the deficit racked up by Labour, but further savings of £60billion would be required
Glum times: Chancellor George Osborne has outlined austerity lasting until 2017-18 to wipe out the deficit racked up by Labour, but further savings of £60billion would be required
Britain faces further tax rises and spending cuts totalling nearly £60billion to get the creaking public finances back under control, the Treasury watchdog warned yesterday.
The Office for Budget Responsibility said decades of austerity are required on top of the £153billion measures already planned to return the ballooning national debt to pre-recession levels.
‘It is clear that longer-term spending pressures, if unaddressed, would put finances on an unsustainable path,’ said chairman Robert Chote.
Mr Chote added that future governments faced ‘difficult choices’ to tackle the costs ‘of an ageing population and upward pressure on health spending’.
George Osborne has outlined austerity lasting until 2017-18 to wipe out the deficit racked up by Labour.
The only ” good news ” is that all of this increasing calamity does actually increase the likelihood of further and one hopes better organised resistance and opposition.The day of waving a cardboard placard at them is coming ,at last,to an end.

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About louis kasatkin
Professional Poet/Writer.Currently running The Destiny Poets(Wakefield,England).Formerly Poet-in-Residence@Wakefield Cathedral(2001-02).Founder,Wakefield Cathedral Poets(2002-07).Formerly,President,The Black Horse Poets(2004-10).Contact details,choose from:-louiskasatkin@yahoo.co.uk/facebook/info@DestinyChurch.co.uk...The aim of DESTINY POETS is to establish and develop links primarily with faith-centered writers,groups and individuals to co-operate with in promoting the literary arts in the wider community.also www.destinypoets.co.uk

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