Sunday, 26 July 2009

Blood, Toil, Tears and Sweat

In 1940 Churchill made his famous 'Blood, Tool, Tears and Sweat' speech.

He said, 'I have nothing to offer but Blood, Toil, Tears and Sweat. We have before us an ordeal of the most grievous kind. We have before us many, many long months of struggle and suffering..'

Fast forward 70 years and we find many parallels. Unless we give up the fight in Afghanistan and leave that country and neighbouring Pakistan to be taken over by extremists we are going to have to endure more blood letting. And, everyone in the UK will have to endure a lot of toil, tears and sweat over the next few years to overcome a situation where public spending exceeds tax revenues by around £175 billion annually.

But there are differences.

In 1940 the electorate understood the threat. They knew that the sacrifice they were being asked to make was worth it because they had a clear picture of what it meant if Britain was engulfed by a Nazi tyranny.. mainly because Churchill and friends had spent the previous few years spelling out what the threat was.

But, today do people understand the threat? Have people generally grasped the extent to which we are over-borrowed? and what it means?

Has anyone clearly painted a picture of how bad things would be if we continued down this route of insane spending that has been pursued for the last 10-12 years? and do people really understand the lunacy of the last decade of Labour govt?

If public spending had increased at the rate of inflation from 1997, this year it would be a little over £400billion. Instead it is running at about £630billion this year and we have a debt of a little under a trillion..

Currently I think people think that our national debt is a little problem caused by an unfortunate mistake in banking regulation.

It's not.

It's a massive problem caused by a Labour government compounding years and years of over-spending. Lax banking regulation was a device by which the Labour party could conceal it's overspending, for a time, by generating what looked like tax receipts from the City.. which in fact just had to be paid back to the City when the banking system collapsed.

But until people really understand this and also have a clear picture of what life would look like if this approach continued (i.e. many more millions unemployed, hyper-inflation, energy supplies cut off etc.) will they take the pain?

Will the electorate vote for a Conservative Government who offers blood, Toil, Tears and Sweat?

Yes. But only if they understand why we got where we are now, what the only solution is, why the alternative is so bad, and..... what the beautiful future looks like.

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