Miliband's Brownian lies Ballsonomics. Sigh.

The Guardian remains economically illiterate as well as politically seditious. Its headline says:

Ed Miliband admits Labour were wrong over debt and need for cuts.

He and they both mean deficit, of course, but that carefully and oft-repeated lie is the core of what passes for politically-bankrupt Labour's strategy de nos jours.

The Graun goes on:

He is also to concede that the last Labour government must take some responsibility for the deficit to the extent that it did not do enough to regulate the banks

See what he did there? Linking the banks to the deficit.

Simple and repeated transposition of debt and deficit enables Labour's Big Lie. Throw in the banks and you've got your class war trope readymade for tomorrow's Mirror, Guardian and Today programme.

The taxpayers' money stumped up, or rather made available, to some (not all) banks (and not Barclays, y'hear?) will come back to the Treasury in due course, probably at a decent profit. It is neither there nor there. Nor are banker's bonuses.

The chanting of Labour's Brownian mantra ('banks-global-crash-blah-ommm') is the most massive, mendacious

in the current political debate. And the Mirror's screaming talk of bastard bank bonuses is so much Scotch mist conjured up by Left liars who have the welfare of Bob Crow closer to their hearts than the 'alarm clock' classes. Who, of course, are despicable anyway for they are Not Our People but swing-fucking-voters who vote for the Tories when it suits them, the bastards.

The need for cuts arose because of the continuous and rising budgetary deficit (which of course contributed massively to the debt) which was wholly Gordon Brown's fault, caused by his pathological addiction to massive state spending and, critically, to increasing the deficit even in times of high growth when he could have balanced the budget.

Brown was knowingly, criminally irresponsible. He never intended even to attempt to balance the budget. This was an entirely political scorched earth strategy designed to both inflate his own reputation and entrench the Labour Party's dogmas in the way the country is governed.

Brown knew he only had a few years, but that was fine. Anyway, he hated the job of Prime Minister even though he had lusted after it all his life. It wasn't the office he wanted. It was the power. He neither enjoyed the job, which both bored and challenged him, nor bothered to discharge it with anything like the appropriate grace and dignity. Such things did not interest him. He was a man on a mission and, with a time limit on what he could do, he moved far and fast. He racked up the biggest deficits in peacetime history, several multiples of the low deficits run by the post-war Attlee government when it was repairing a physically shattered nation and creating the welfare state.

Brown knows how the electoral cycle works and that he would not be in office when the time came to face the consequences of his profligacy. He was well aware that he could continue boasting of his 'investment' in the growth of the state machine until the cycle inevitably brought in a Conservative government who would be in power when his economic shit hit the fan, with the real possibility of such utterly catastrophic electoral consequences for his enemies that he would be able to sit back and enjoy what, in his personal terms, would be the most massive political orgasm, stimulated by the knowledge that he had made his bloated state establishment almost impervious to Tory 'rolling back' moves, and that he had laid political mines to destroy David Cameron's career and government.

And where are the Tories leadership in all this? Complicit. They let Brown get away with economic murder, being too preoccupied with internal Party manoeuvrings, and they rode on such plaudits as Brown was able to garner for 'investing' in the state machine and even promised to share the proceeds of his fake 'growth' which was, in fact, a fucking bubble.

The best that can be said of the Tory leadership at that time is that they were asleep at the wheel. Well, you're wide awake now, boys and girls, aren't you? Not a moment too fucking soon.

Now can we get on with some Conservative realism? Repealing much of Labour's crapulous, iniquitous legislation would be a good down payment. You know, a token of good faith to weigh against your conspiring against the British people with your mates in Brussels. Just a little something, for starters.

Hello? CCHQ? Number Ten? Anyone?