Viva debt!

Building the debt revolution

One mulish old man, Learlike in his delusions, was all that stood between Britain and urgent revival yesterday afternoon. ‘Resign!’ cried the crowds at the gates of Downing Street. ‘Resign!’ There was anger in those voices. Echoes of revolution. He ignored them, just as he has long ignored anyone who challenges him. He did that rosy-lipped, snippy push away of the head. Pursed his mouth. Glowered. 

The above was written by the London’s Daily Mail columnist Quentin Letts as he reported Gordon Brown addressing the press, the morning after the British election. Apart from the geography, there were echoes of our own Dear Leader — perhaps from sometime in the near future. After 13 years of being Treasurer and Prime Minister, Gordon Brown has taken Great Britain to the verge of financial collapse. The country is somewhere near one trillion pounds in debt. That is 1,000,000,000,000 British Pounds. 

In Australian currency the above figure is the equivalent of…