http://www.dailymail.co.uk/news/article-1063368/Tory-watchdog-strip-Treasury-key-powers-curb-reckless-spending-win-election.html
We don't take Hank's treasury keys away, we just give him more
England will survive this economic downturn while America will die
because of stupidity by our congress!
The Tories last night wrongfooted Gordon Brown over his handling of the economic crisis by announcing plans to strip the Treasury of key powers if they win the next General Election.
In a move they compared to Labour’s 1997 decision to remove the Chancellor’s power to set interest rates, Shadow Chancellor George Osborne announced plans to set up an independent watchdog to police the Treasury.
The Office for Budget Responsibility (OBR) would have the power to stop governments running up large budget deficits to fund their spending promises – what Mr Osborne describes as ‘showing a yellow card to the Chancellor’.
The proposal follows the Tories’ successful barb that Gordon Brown compounded the crisis in ‘failing to fix the roof while the sun was shining’ by spending excessively during the years of buoyant tax revenues.
