More beer for the two drunks in Downing Street!

What’s really happening to your money? And how are we really doing compared to those poor souls in Europe?

“Giving money to a bank is like  giving a gallon of beer to a drunk. You know what he’s going to do with it. You just don’t know which wall it will end up against.”

I would suggest this applies with even greater force to governments.

They are incapable of doing anything but squander. The current Chancellor of the Exchequer – whilst the government bemoans how little we save for our pensions –  has just made it even less attractive for those who do.

He would be better advised to follow the mantra of his predecessor, Nigel Lawson: Taxes should be low and simple and compulsory.

Because what has he been doing with all the money he keeps squeezing out of us? He has not been lowering our debts. They have gone up.

Today only Japan has a higher ratio of debt to Gross National Product than us, at over 500%. We are nudging 500%. Spain is way, way below us at around 370%, Italy? Far far less at around 315%. The U.S.? Less still at around 280%, closely followed by Germany. I didn’t see any figures for Greece – sorry.

You and I, when we owe too much, spend less. Governments aren’t that smart.

And alternative governments? Ed “Total” Balls would spend more. But then he and his pal Hoots McBroon got us into this mess in the first place.

The rest of us, living in the real world, are going to have to get smarter and work harder than our glorious leaders.