Alistair Darling's claim to have the "fastest deficit reduction plan of any G7 country" is a bit of a joke.
Partly because we have the biggest deficit in the G7, so for Britain to win the fastest deficit reduction strategy prize is like we're winning most improved at Weightwatchers.
(Think of the Swedish Social Democrats, 1994 style, who proposed faster deficit reduction than the right while the economy grew) As to how to sell such unpleasant medicine – well, we have to find a way.
He pointed out that his promise to halve the deficit as a proportion of GDP over the next four years is, "the fastest deficit reduction plan of any G7 country", adding that if the economy recovers more quickly than expected, the government will be able to restore the public finances more rapidly.
The Bank of England governor, Mervyn King, disclosed today that he gave no fresh information to Nick Clegg that could have led the Liberal Democrat leader to call for a faster deficit reduction programme than the one outlined by his party during the election campaign.
This made the particles more sensitive to surface photo-oxidation process, leading to a faster deficit in dissolved oxygen content compared to the samples having larger particle sizes.
The current Fine Gael/Labour coalition has invested heavily in being "not Greece"; by showcasing further and faster deficit-reduction, Ireland would be rewarded with interest rate cuts, an earlier than predicted return to the bond markets, and thus regain "sovereignty".
Its large and fast-ballooning deficit?
Even some Democrats have expressed deep reservations about adding to the nation's fast-growing deficit.
Purchases by Asian banks, in particular, shot up in 2003 and 2004, financing America's fast-growing deficit.
