The Scots it would appear have negotiated the deal of the Century with England for post-independence financial Armageddon. They get the freedom. The English get to pick up the tab.
The Scots would be able to set their own budgets, their own tax rates and spend as much as they want yet the English taxpayer c/o the English Treasury has agreed to underwrite its debt. This is sheer insanity.
87% of Scots take from the State (in terms of services, welfare, etc.) more than they give. And thus Scotland has found itself with an electorate which things that austerity means deep fried mars bars all round on the State being cut back to only 6 days a week. Or only giving free cigarettes to Primary School Children only on alternate days.
Given that you have more chance of finding a heterosexual non child molester presenting a Top of the Pops edition from 1977 than you have of finding a Tory voter in Scotland, its three political parties that matter ( Labour, The Nationalist loons and the Lib Dems) are all committed to more spending and more tax but the ultimate funder is always seen as the great Money Tree.
Scottish economic policy and the prevailing ethos of a land that once gave us Adam Smith is akin only to Greece. Edinburgh is the Athens of the North.
And so post-independence Scotland will go on a mad spendfest knowing that the costs of servicing its debt will be artificially suppressed by that English Treasury guarantee. And cheap money will encourage even more capital to be misallocated as the three parties that matter compete for the votes of a welfare addicted nation by promising ever greater largesse.
And when Scotland eventually goes bust, the welfare addicts need fear not because the grateful English taxpayer will be there to pick up the tab.
This is insanity. If the Scots want independence that comes with obligations and responsibilities as well as rights – in other words it is they who must pick up the tab if they want to spend, spend spend as if it is going out of fashion.
As someone who essentially believes in the devolution of power and cannot quite shake off recidivist Irish Nationalist genes my heart supports full Scottish Independence. As an English taxpayer my head also supports FULL independence. So for anyone reading this North of the border may I implore you to support your lardbucket first minister Mr. Salmond to the hilt and just fuck off as an Independent nation entirely?