Those with a keen eye might right now be thinking 'oh my doesn't that sound familiar and awfully similar to Brown's PFI strategy?' and you would be right to do so. It is exactly what Brown as Chancellor has done to the country. The F in PFI as Private Eye noted might in fact stand for something other than 'Finance'. Food for thought huh? Ciao!
Wednesday, May 28, 2008
What does the F stand for?
I thought I might just mention this in case anyone has not read Private Eye in a while. You see, in a recent copy they had an interesting observation about how Mussolini ruined the economy of Italy by borrowing lots and, in order to get things like roads built, went to private business and struck a deal for them to build it and the Government would pay them back each year by installment. This meant that the total debt and cost of the projects were not on the balance sheet and so the economy appeared in much better health than it actually was. It was fascist economics at it's very best.
Posted by dizzy at 5/28/2008 09:29:00 am