Just when you were thinking that George Osbourne had cornered the market for halfwitted analysis of the national and global economy, his boss steps in to show he is even more clueless. A pre-conference press release says that the following will be in this afternoon's speech: The only way out of a debt crisis, the Prime Minister will say, is to ‘deal with your debts. That means households - all of us - paying off the credit card and store cards bills,' Mr Cameron will say. Brilliant, eh. He will possibly be telling us where we can all find the money for this. Borrow some?
I believe an entire convocation of spin-doctors is working flat out to devise some form words, accompanied by smoke and mirrors, to try to put a better face on this so he doesn't show himself up as a megatwerp.
[In case people think this is some kind of left wing smear, I took the quote from that favourite of the right - Daily Mail. Proper newspapers also carry the story].