Originally posted by Freedom ERP
Strange how we can find billions of Pounds to bale out Northern Rock but not find money to ensure we can be afford to project power.

Excuse me?!
What on earth is in the least bit "strange" about HMG finding £24 billion to avoid a hugely damaging and serious economic collapse at a time of
already heightened economic sensitivity
(which is itself set against an on-going period of serious global economic instability)?
Come on, some perspective here please.
Northern Rock has been
lent taxpayer's money
(with approx £20 billion of it secured against solid assets).
Of course it's an unexpected drain on the public purse right now but it is (mostly) secured against solid & significant assets and the moves
undertaken did restore stability at a time when it has been sorely lacking.
The fact that this instability has been mainly coming from the US 'sub-prime' mortgage markets is hardly anything our Gov (of whatever colour) could
do very much about - and sadly the effects are far from over yet too.
Casting these events up as if they were some kind of frivilous waste is simply to turn reality on it's head.
Ask the
Egg credit-card holders where their priorities lie right now and
whether a worse financial environment would be acceptable or welcome.
We'll see what happens with the 'Defence' spending
(and a rash of newspaper stories is usually an indication someone is out lobbying and attempting to apply pressure in a particular direction).
It's one thing to say that our 'Defence' spending may need reviewing but to throw Northern Rock around as if that episode and all it entailed were
some sort of poorly chosen option is IMO just nuts.