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May 24th, 2012 
FAKE NEWS for the Zionist agenda
By
James Chapman
19:35 EST, 23 May 2012
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19:35 EST, 23 May 2012
Boost: Ministers have agreed a ‘massive’ increase in state-backed spending on infrastructure projects, Nick Clegg revealed last night
David Cameron and Nick Clegg yesterday signalled a shift in the Government’s austerity programme towards a fresh emphasis on growth through state-backed investment in housing, infrastructure and youth employment.
The Prime Minister told MPs that he wanted to ‘combine’ deficit reduction with ‘innovative ways of using our hard-won credibility’.
This suggests billions of pounds worth of private sector spending will be underwritten by the Treasury, taking advantage of record low interest rates on Government borrowing.
More lending to small business is expected to be underwritten by the state, and state-backed mortgage schemes are expected to be extended.
Private sector spending on big infrastructure projects that create jobs, such as new roads and power stations, is also likely to be given Treasury guarantees.
Government sources said announcements could come before Chancellor George Osborne’s autumn statement.
Vince Cable hit back last night after one of David Cameron’s advisers accused him of being a ‘socialist’ who ‘appears to do very little to support business’.
The claims about the Liberal Democrat Business Secretary were made by Adrian Beecroft, the author of a report which called for reform of unfair dismissal laws.
Mr Cable – who is blocking his plans to allow firms to fire staff more easily – said: ‘I’m getting on with my job. We’re not holding anybody back, I’m backing growth, supporting British business.’
But he faced an immediate setback as business leaders condemned his Enterprise and Regulatory Reform Bill, published yesterday, as a missed opportunity.
Mr Cameron welcomed this week’s strong backing from Christine Lagarde, head of the International Monetary Fund, for the Coalition’s austerity measures.
He told MPs she had said she ‘shivered’ when she thought of what would have happened to the British economy without them.
But while the Government firmly rejects the idea that it needs a ‘Plan B’ after two years of focusing on deficit reduction, both the Prime Minister and his deputy are shifting their emphasis towards growth.
Mr Clegg said it was the Government’s ‘absolute priority’ to use its strong balance sheet to inject credit into the economy.
Labour leader Ed Miliband said austerity had failed in Britain and on the continent and demanded new plans to cut unemployment and stimulate growth.
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Well we do have to provide free accomodation for the hundreds of thousands still entering through our porous borders, while these fools are at it maybe they can tell us where all the water, electricity, gas, schools, etc are going to come from.
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Mr Clegg said it was the Government’s ‘absolute priority’ to use its strong balance sheet to inject credit into the economy.
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He means to borrow more money from international bankers so that taxpayers have to make the bankers richer by paying more interest for longer. Which is pretty much what the British government is for. To launder tax money to it’s cronies. Even tax money that won’t be taken from us for years yet is earmarked for that.
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We will build more houses to help the recovery. But where will we build these houses Mr Cameron.Err’ I don’t know. What about the green belt Mr Cameron. Oh no’ this will upset the lifestyle of my voters, squash them in with the rabble, people will just have to get used to smaller houses and parking would be easier if we allow only on car per household. Next question.
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What lies! What’s with the, ‘use its strong balance sheet ‘? This governments balence sheets has been out by £120 billion ever year and here we read that they intend to borrow more. The word ‘austerity’ is used to fool us that the government is saving.
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Whilst they are going mad on getting new housing, what are the chances of improving the water supply to allow for so much more demand.
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Once again the lines between the coalition blur. Is this not what Labour and the TUC have been saying for two years? Perhaps we should have a coalition of all three major parties?
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