Road to ruin.
The Chancellor can either act to save the British economy or be paralysed like a rabbit in the headlights and watch it crash.
The growthless recovery and squeezed living standards are a damning indictment of young Mr Osborne's public spending cuts. The novice in the Treasury has dogmatically failed to read the runes.
Reversing the Tories' pounds 12billion VAT hike - an increase that a mendacious Mr Osborne insisted, in opposition, he had "no plans" to introduce - would boost prosperity and jobs.
We're not, however, holding our breath.
Mr Balls has probably forgotten more about the economy than Mr Osborne will ever know. And Conservatives consider misery a price worth paying to impose Thatchernomics with a Cameron smile.