TASIAC or Tasiac or even tasiac is an acronym:
Tax
And
Spend
Is
A
Catastrophe.
This is exemplified by the (UK) Brown Administration (1997-2010), which, despite having a plausible
blair, or Spieler in fairground terminology, to
grease the ways, tested to destruction the 'Tax and Spend' notion of socialist economics.
The main architect - given that the
blair couldn't calculate the change when buying a newspaper, was the monocular caledonian onanist, Brown.
"
Blair allegedly held the levers of
power - but was too supine to prevent Gordon Brown exemplifying the Tasiac Law," said Ottaway, a
well-regarded gardener.
Without using the term Tasiac, the 'Daily Telegraph' inveighs frequently against the horrendously incontinent spending of the Nu-Labour administration, in a daily bulletin on the iniquities of the Man who ditched Prudence - and bankrupted an Empire's heirs for generations.