The two highlights of Ed Miliband’s speech to the Labour conference were, of course, the two things he “forgot” to mention – immigration and the deficit. So for those of you who may have been disappointed, here are the facts:
1. Immigration – I believe that the current rate of issuance of new National Insurance (NI) numbers to foreign nationals is around 46,000 a month – about 2,000 every single working day or 5.5 million a year. Any single immigrant earning less than about �20,000 a year will take more in public services and benefits than they pay in taxes and any immigrant with a wife and two children earning less than �34,000 a year will take more in public services and benefits than they pay in taxes.
From that, I hope readers can work out that immigration is a disaster for Britain, swamping us with Third World and EU detritus, overwhelming our schools, NHS and housing and pushing up public spending.
2. The deficit – Hopefully, unlike 91% of the population who don’t understand what a deficit is, readers of this blog realise that if a government spends �100bn a year more than it takes in taxes, it is running a deficit of �100bn which it has to borrow and on which it will have to pay interest from here to eternity. Moreover, hopefully readers of this site, unlike 91% of voters, understand that every year a country runs a �100bn deficit, its national debt increases by �100bn
Ed Miliband didn’t mention Britain’s deficit. Who could blame him? Just click on the chart below to see more clearly
Ed Miliband didn’t mention the deficit and the debt because he wanted to create a picture of a socialist paradise in which�immigrants, the lazy, the useless, the obese, the worthless and especially those in the public sector would live in luxury thanks to all the money contributed by the few people who can be bothered to work.
Trouble is, there is no money to pay for Ed’s socialist Nirvana. That’s why Ed didn’t mention the deficit.
They used to say that Socialism works fine until you run out of other people’s money. Then they discovered you could tax the un-born. Next workaround was to create vast piles of pretend money, ladle it into the coffers of the (bankrupt) banks and make out it had real value.
What could possibly go wrong?