Our practical choice is not between a tax-cut deficit and a budgetary surplus. It is between two kinds of deficits: a chronic deficit of inertia, as the unwanted result of inadequate revenues and a restricted economy; or a temporary deficit of transition, resulting from a tax cut designed to boost the economy, increase tax revenues, and achieve -- and I believe this can be done -- a budget surplus. The first type of deficit is a sign of waste and weakness; the second reflects an investment in the future.
There's a good television programme called 'Disco 2. ' It's quite good but again it's average, average. It's all on a down play. You know we've got this thing in England to be hip is to speak very down - like John Peel. And that just about sums up England. They don't realize when they talk like that, then that is what they represent - absolutely.