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As history will remember him: George Osborne will be remembered, but not for his calamitous career as Chancellor. His name will forever be linked to cocaine and (let's call them) 'ladies of the night'.

As history will remember him: George Osborne will be remembered, but not for his calamitous career as Chancellor. His name will forever be linked to cocaine and (let’s call them) ‘ladies of the night’.

Georgie Orgy, nose puddings and lies
Starved the poor – some of them died.
When the voters have their say
George Osborne will run away.

It would be impossible to take George Osborne seriously, if not for the fact that his plans threaten the livelihood, health, and indeed the lives – not only of British citizens, but of the nation itself.

His words yesterday (Monday), during the row with the Liberal Democrats over economic policy, certainly do not deserve any respect after the absolute nonsense he spouted to Parliament last week, masquerading as the Chancellor of the Exchequer’s Autumn Statement.

According to the BBC, he said spending cuts to reduce the deficit are a “price that works for our country”. Why?

“We are going to have to make savings.” Why? “We are going to have to cut certain welfare bills like benefits that go to working-age people.” Why?

“But the prize is economic stability, growth, jobs in the future, brighter future, I think that’s a price that works for our country.” Why?

Notice that he did not give any reasons for his statements. He presented them as though they were incontestable facts. They’re not.

Look at, for example, his claim that working-age benefits must be cut. Is he proposing cuts to benefits taken by working people because their employers are too miserly to pay them a living wage? Does he have a plan to help those people make ends meet, then? This writer hasn’t seen it!

That’s unless it’s the hoary old “Ask your boss for a raise.” Clearly, privileged George never had to try that.

You can be sure he won’t be requiring companies to pay a living wage to make up for the shortfall of in-work benefits that he is planning. The result is as inevitable as night following day: Working people will be unable to support themselves. If they pay housing costs but don’t buy food, they’ll become sick and will lose their jobs; if they buy food but neglect the rent/mortgage, they’ll be evicted and will lose their jobs due to homelessness.

The huge cumulative drop in the amount of cash being circulated through the economy implies a consequent effect on businesses; with fewer ordinary working people able to buy their goods, firms will go out of business. Super-rich twits like Osborne will be insulated from the effects for a while but the recession he is determined to cause will eventually overtake even his family wallpaper business. What will he do then?

The last four and a half years have shown that cutting public spending will not reduce the deficit. As many people have pointed out, it is madness to repeat the process and expect a different result. Looking at the BBC quotation, it seems Osborne is caught in a lie. His spending cuts aren’t about reducing the deficit at all; they’re about reducing the state – as bloggers like Alex Little, Martin Odoni, Professor Simon Wren-Lewis, kittysjones, and blogs like Flip Chart Fairy Tales, Skwawkbox, and even Vox Political have made clear.

We don’t have to make savings – we should be concentrating on increasing productivity and profit instead. That will get the deficit down much more quickly than whittling away the apparatus of the state until the damage is irreparable.

We don’t have to cut benefits to working-age people – we should be ensuring that nobody with a job needs to claim benefits; that they are paid enough to support themselves and their families.

We should also be providing the highest-quality education to youngsters and training to jobseekers young and old, in order to ensure that they can get a job without spending useless months parked in a benefit system that is more about hiding the unemployed in sanction hell than about providing any actual help.

Osborne’s way offers no stability, no growth, no jobs, and you’d better believe he offers no future.

Follow me on Twitter: @MidWalesMike

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