Our problem in the 2015 general election was that for all the good stuff that was in the Labour manifesto, we were still going to be freezing public sector wages, cutting council expenditure, laying off civil servants. We were offering 'austerity light' instead of a real alternative.
There is simply not enough money available to support a system in which the lion's share of expenditures is devoted to acute care, with virtually nothing being spent on preventive medicine, i.e. health care.
In 1828 we raised the duties, on an average, to nearly fifty per cent, when the debt was on the eve of being discharged, and thereby flooded the country with a revenue, when discharged, which could not be absorbed by the most lavish expenditures.
It is admitted on all sides that we must equalize the revenue and expenditures. The scheme of borrowing to make up an increasing deficit must, in the end, if continued, prove ruinous.
Our government is deeply disordered; its credit is impaired; its debt increasing; its expenditures extravagant and wasteful; its disbursements without efficient accountability; and its taxes (for duties are but taxes) enormous, unequal, and oppressive to the great producing classes of the country.
It is a fundamental rule with me not to vote for a loan or tax bill till I am satisfied it is necessary for the public service, and then not if the deficiency can be avoided by lopping off unnecessary objects of expenditure or the enforcement of an exact and judicious economy in the public disbursements.
Restore, without delay, the equilibrium between revenue and expenditures, which has done so much to destroy our credit and derange the whole fabric of government. If that should not be done, the government and country will be involved, ere long, in overwhelming difficulties.
I'm not advocating spending less on the elderly, but I am strongly advocating spending more on kids while also putting the country on a sound, long-term fiscal trajectory. To do that, we have to reduce the rate of growth of entitlement-related expenditures and add more revenues.
Why should man's first flight to the moon be a matter of national competition? Why should the United States and the Soviet Union, in preparing for such expeditions, become involved in immense duplications of research, construction and expenditure?
For reasons that are both fair and foul - but mostly for fair reasons - we have come under the domain of a scientific-management system whose ambitions are endless. They want to manage every second of our lives, every expenditure that we make. And the schools are the training ground to create a population that's easy to manage.
