Sunday, 6 May 2012

Deficit? What deficit?

Here’s a plan, Mervyn, Gideon, guys.

Invent something.  Doesn’t matter what, just make sure it’s highly addictive to 16-24s and advertising agencies.  You can do that in your bedroom, easy, especially over a raspberry pie and a side dish of html.

Run it for a couple of years, then launch an IPO and flog it for $100bn.  Deficit, toodle pip!

Uh-oh.  Oxymoron iceberg on the port bow.  You need an idea.  And you’re a government.  Oh well. 


  1. As the deficit is around £970 billion they would have to pull off this trick 9 times.
    Pat Pending is the Irish finance minister.

  2. Spot on, Christopher, I'll get started on it as soon as I've set up my Enigma machine with the right cogwheels and stecker-board configurations.
    Rog, you are confusing the deficit with the debt, as Stephanie Flanders eloquently explained on the radio this evening - it's the difference between a mortgage and its repayments. (She's much easier to follow on the radio, I find...)

  3. Tim, it's probably safer, following Stephanie Flanders on the radio.

  4. All are fearful of the markets, especially now there are deeep rumblings abroad.
    I say ditch the markets.
    Start afresh.
    Markets? What markets?