Chippy_boy
Well-Known Member
Indeed.
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Osborne ' s emergency budget 5 months late?
- Thread starter Vic
- Start date
Indeed.
Len Rum
Well-Known Member
Any chance of an explanation of what your quoted figure of 4 trillion represents?Indeed.
Chippy_boy
Well-Known Member
National Debt to rise to 90% of GDP by 2017/18.
Rock on Phil.
Same as France.
And by 2020 govt debt will reach two trillion.
And they say Labour are the party of borrowing!
I know Len, the solution to going increasingly further into debt, is, wait for it, SPEND MORE. That utter buffoon McDonell is spouting his wisdom as we speak. We're in this terrible position BECAUSE WE HAVEN'T SPENT ENOUGH. Sorry, I mean "invested" enough. Sounds better than spending.
Had we spent MORE, we'd now owe even less. Of course, why didn't the silly Tories realise that. Silly, naughty Tories.
Chippy_boy
Well-Known Member
Any chance of an explanation of what your quoted figure of 4 trillion represents?
Not really, you can google for yourself.
aguero93:20
Well-Known Member
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Fuck Keynesian economics mate, borrow in the boom and then when the shit hits the fan tighten the belt, right round everyone's necks. Cowards economics 101.I think that spending our way out of the recession would have been ideal. It's one half of Keynesian economics, but I see it as dependent on the other half; running a surplus in the boom years. I know it seems ludicrous to keep blaming the economy on Labour when they've not held office for so long, but we are in an exceptionally difficult set of circumstances and the usual avenue to getting out of it isn't as open to us as it should be, and I put that on their doorstep.
Prestwich_Blue
Well-Known Member
Well you're female so that's only to be expected. So now you've read and learned, get in the kitchen and sort the tea out.Thanks for the reply,debating politics is beyond me but i like to read and learn
kaz7
Well-Known Member
Jimbo is in there chained to the sink,i think he likes it lolWell you're female so that's only to be expected. So now you've read and learned, get in the kitchen and sort the tea out.
grunge
Well-Known Member
Not really, you can google for yourself.
It's 4tn if you include all liabilities and outstanding pensions, true debt is 1.6tn
It's like this headlines where footie players had there 5 years of salary included in the "price"
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kas_tippler
Well-Known Member
Absolutly!
Only Labour can make Britain better off, putting hard working families first with a plan to tackle the cost-of-living crisis. And shorter waiting lists in the NHS. And higher taxes for other people.
Vote Labour (if you dare)
Wouldn't make a jot of difference where I live .Absolutly!
Only Labour can make Britain better off, putting hard working families first with a plan to tackle the cost-of-living crisis. And shorter waiting lists in the NHS. And higher taxes for other people.
Vote Labour (if you dare)
Fuck Keynesian economics mate, borrow in the boom and then when the shit hits the fan tighten the belt, right round everyone's necks. Cowards economics 101.
I absolutely agree - the situation we're in is shit. However, part 1 was a given when the coalition/Tories took over. They could either increase spending to borrow tons on top of excessive borrowing to start with, or they could try this belt tightening. I think that as shit as it is at the moment, the other scenario would cause much bigger problems further down the line.