Prime Minister?
Is DC the PM? Who knows. Following Thursday's razor edge elections we have a hung parliament with the Tories in front yet failing to capture a 50% majority by 20 seats (they have 306 of 326 needed or, by one analysis, 16,000 votes shy in the closest electorate races) required to govern. Despite Labour's loss, Gordon Brown remains Prime Minister, as is the custom in these situations, and it is upon him to either form a government or step down which, really, is his moral obligation. Being Super Gee, I cannot see this happening by tomorrow and hence... we're screwed. Not surprisingly, Stirling falls to year-lows against the dollar and the financial markets twitter. Without a clear winner, we could be staring at five years of party bickering and dickering and little precious legislation. We can ill afford this state given the UK's public sector net debt of £848.5 billion or 60% of National GDP (source: Office National Statistics). The PBR (annual government borrowing) forecast for 2009/2010 is net borrowing of £178 billion or 12% GDP. Any retard can see this is not sustainable. What is more, the UK's national debt is actually a lot higher because the figures should include pension contributions and private finance initiatives which government is obliged to pay. The Centre for Policy Studies (at 2008 year-end) suggests that the real national debit is more like £1,340 billion or 103.5% of GDP.
