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National Debt
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"So Cameron and Osborne announced that the fiscally responsible Conservatives would balance the books in order to start bringing the National debt down by 2015. That was put back to 2017 and then after the Brexit referendum it was put back to 2022 (possibly) citing Brexit effects.... As an aside, Brexit is also being touted as a great opportunity and I can't quite work out how this great opportunity is causing the Govt to push back further the date at which they will balance the books. Odd... anyway... 2027 is now the date that the fiscally responsible Conservatives will balance the books says Theresa May now, possibly not says David Davis who is still not sure. Twelve years of being incorrect!!! Twelve fucking years!!!" Absolutely. A fuckingmess for years of our lives | |||
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"Lets be honest the country is fucked til the middle of the 21st century.The debt will increase under any goverment . " Just a lot faster under labour  | |||
"Lets be honest the country is fucked til the middle of the 21st century.The debt will increase under any goverment . Just a lot faster under labour "You might be right.Another 10 years of tory austerity wont change the debt though. | |||
"So Cameron and Osborne announced that the fiscally responsible Conservatives would balance the books in order to start bringing the National debt down by 2015. That was put back to 2017 and then after the Brexit referendum it was put back to 2022 (possibly) citing Brexit effects.... As an aside, Brexit is also being touted as a great opportunity and I can't quite work out how this great opportunity is causing the Govt to push back further the date at which they will balance the books. Odd... anyway... 2027 is now the date that the fiscally responsible Conservatives will balance the books says Theresa May now, possibly not says David Davis who is still not sure. Twelve years of being incorrect!!! Twelve fucking years!!!" The truth is unpalatable to the voters. Hence why a lot are now going to vote for the money tree to save them from this crisis. | |||
"So Cameron and Osborne announced that the fiscally responsible Conservatives would balance the books in order to start bringing the National debt down by 2015. That was put back to 2017 and then after the Brexit referendum it was put back to 2022 (possibly) citing Brexit effects.... As an aside, Brexit is also being touted as a great opportunity and I can't quite work out how this great opportunity is causing the Govt to push back further the date at which they will balance the books. Odd... anyway... 2027 is now the date that the fiscally responsible Conservatives will balance the books says Theresa May now, possibly not says David Davis who is still not sure. Twelve years of being incorrect!!! Twelve fucking years!!! The truth is unpalatable to the voters. Hence why a lot are now going to vote for the money tree to save them from this crisis. " yeah the money tree in panama, bahamas, and all the tax evasion places. | |||
"So Cameron and Osborne announced that the fiscally responsible Conservatives would balance the books in order to start bringing the National debt down by 2015. That was put back to 2017 and then after the Brexit referendum it was put back to 2022 (possibly) citing Brexit effects.... As an aside, Brexit is also being touted as a great opportunity and I can't quite work out how this great opportunity is causing the Govt to push back further the date at which they will balance the books. Odd... anyway... 2027 is now the date that the fiscally responsible Conservatives will balance the books says Theresa May now, possibly not says David Davis who is still not sure. Twelve years of being incorrect!!! Twelve fucking years!!! The truth is unpalatable to the voters. Hence why a lot are now going to vote for the money tree to save them from this crisis. yeah the money tree in panama, bahamas, and all the tax evasion places." Thats where we should invade next! Send a battle group to the Caribbean. | |||
"So Cameron and Osborne announced that the fiscally responsible Conservatives would balance the books in order to start bringing the National debt down by 2015. That was put back to 2017 and then after the Brexit referendum it was put back to 2022 (possibly) citing Brexit effects.... As an aside, Brexit is also being touted as a great opportunity and I can't quite work out how this great opportunity is causing the Govt to push back further the date at which they will balance the books. Odd... anyway... 2027 is now the date that the fiscally responsible Conservatives will balance the books says Theresa May now, possibly not says David Davis who is still not sure. Twelve years of being incorrect!!! Twelve fucking years!!! The truth is unpalatable to the voters. Hence why a lot are now going to vote for the money tree to save them from this crisis. yeah the money tree in panama, bahamas, and all the tax evasion places." The money that every govenrment has been chasing since at least 1997? Oh and according to HMRC, even if they collected the tax gap, it wouldn't even cover the deficit as it is today. Perfect example of the money tree effect. | |||
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"I was told true months ago by some of the brexiteers here that the debt is totally normal and sustainable " They need to run the interest repayments with the long term average interest rate then. | |||
"I was told true months ago by some of the brexiteers here that the debt is totally normal and sustainable They need to run the interest repayments with the long term average interest rate then. " Obviously but I think that was beyond their tabloid view of the world | |||
"So Cameron and Osborne announced that the fiscally responsible Conservatives would balance the books in order to start bringing the National debt down by 2015. That was put back to 2017 and then after the Brexit referendum it was put back to 2022 (possibly) citing Brexit effects.... As an aside, Brexit is also being touted as a great opportunity and I can't quite work out how this great opportunity is causing the Govt to push back further the date at which they will balance the books. Odd... anyway... 2027 is now the date that the fiscally responsible Conservatives will balance the books says Theresa May now, possibly not says David Davis who is still not sure. Twelve years of being incorrect!!! Twelve fucking years!!! The truth is unpalatable to the voters. Hence why a lot are now going to vote for the money tree to save them from this crisis. yeah the money tree in panama, bahamas, and all the tax evasion places. The money that every govenrment has been chasing since at least 1997? Oh and according to HMRC, even if they collected the tax gap, it wouldn't even cover the deficit as it is today. Perfect example of the money tree effect. " . I'm confused though, according to the Tories there's been growth and more people back in work than ever before, they've held wages to 1% and cut back on benefits.. Yet your telling me that the deficit today is still way bigger than 12 years ago under labours massive spending spree where everybody was a Dole lay about scrounging NHS bed blocker!. It just doesn't make sense, its like somebody in government is lying or summit  | |||
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"So Cameron and Osborne announced that the fiscally responsible Conservatives would balance the books in order to start bringing the National debt down by 2015. That was put back to 2017 and then after the Brexit referendum it was put back to 2022 (possibly) citing Brexit effects.... As an aside, Brexit is also being touted as a great opportunity and I can't quite work out how this great opportunity is causing the Govt to push back further the date at which they will balance the books. Odd... anyway... 2027 is now the date that the fiscally responsible Conservatives will balance the books says Theresa May now, possibly not says David Davis who is still not sure. Twelve years of being incorrect!!! Twelve fucking years!!! The truth is unpalatable to the voters. Hence why a lot are now going to vote for the money tree to save them from this crisis. yeah the money tree in panama, bahamas, and all the tax evasion places. The money that every govenrment has been chasing since at least 1997? Oh and according to HMRC, even if they collected the tax gap, it wouldn't even cover the deficit as it is today. Perfect example of the money tree effect. . I'm confused though, according to the Tories there's been growth and more people back in work than ever before, they've held wages to 1% and cut back on benefits.. Yet your telling me that the deficit today is still way bigger than 12 years ago under labours massive spending spree where everybody was a Dole lay about scrounging NHS bed blocker!. It just doesn't make sense, its like somebody in government is lying or summit "You know the answer to that and you are just being facetious. | |||
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"A quick question. Does anyone on this thread actually know the difference between the budget deficit and the national debt? Just curious." Yes, deficit is the difference between revenue and expenditure in a given year. Deficits require borrowing to fund the shortfall. Debt is the long-term accumulation of all the in year deficits or surpluses. Since the deficit isn't even elimiated yet, the debt has gone up despite austerity. This leaders the economically confused to associate the debt with conservative policy choices. | |||
"OK make up your fucking minds. Do you want the debt reduced? or do you want an end to austerity? Cameron and Osbourne (neither of them my favourite politicians BTW) could have easily hit the debt target. However no, they bowed to the "stop the savage cuts" lobby and backed away. Anyone who complains about the debt and even thinks about voting Labour must have a head full of broken toys. I'll let you into a little secret. Like Santa Claus and the Tooth Fairy. Comrade Corbyn's magic money tree doesn't exist. I remember that I cried when I discovered that Santa was a myth so I hope my revelation hasn't upset you too much." So, why was the NHS deficit something like £700M last year then? We have had *both* the austerity and the cuts. -Matt | |||
"So Cameron and Osborne announced that the fiscally responsible Conservatives would balance the books in order to start bringing the National debt down by 2015. That was put back to 2017 and then after the Brexit referendum it was put back to 2022 (possibly) citing Brexit effects.... As an aside, Brexit is also being touted as a great opportunity and I can't quite work out how this great opportunity is causing the Govt to push back further the date at which they will balance the books. Odd... anyway... 2027 is now the date that the fiscally responsible Conservatives will balance the books says Theresa May now, possibly not says David Davis who is still not sure. Twelve years of being incorrect!!! Twelve fucking years!!! The truth is unpalatable to the voters. Hence why a lot are now going to vote for the money tree to save them from this crisis. yeah the money tree in panama, bahamas, and all the tax evasion places. The money that every govenrment has been chasing since at least 1997? Oh and according to HMRC, even if they collected the tax gap, it wouldn't even cover the deficit as it is today. Perfect example of the money tree effect. . I'm confused though, according to the Tories there's been growth and more people back in work than ever before, they've held wages to 1% and cut back on benefits.. Yet your telling me that the deficit today is still way bigger than 12 years ago under labours massive spending spree where everybody was a Dole lay about scrounging NHS bed blocker!. It just doesn't make sense, its like somebody in government is lying or summit "The deficit has reduced massively. | |||
"So Cameron and Osborne announced that the fiscally responsible Conservatives would balance the books in order to start bringing the National debt down by 2015. That was put back to 2017 and then after the Brexit referendum it was put back to 2022 (possibly) citing Brexit effects.... As an aside, Brexit is also being touted as a great opportunity and I can't quite work out how this great opportunity is causing the Govt to push back further the date at which they will balance the books. Odd... anyway... 2027 is now the date that the fiscally responsible Conservatives will balance the books says Theresa May now, possibly not says David Davis who is still not sure. Twelve years of being incorrect!!! Twelve fucking years!!! The truth is unpalatable to the voters. Hence why a lot are now going to vote for the money tree to save them from this crisis. yeah the money tree in panama, bahamas, and all the tax evasion places. The money that every govenrment has been chasing since at least 1997? Oh and according to HMRC, even if they collected the tax gap, it wouldn't even cover the deficit as it is today. Perfect example of the money tree effect. . I'm confused though, according to the Tories there's been growth and more people back in work than ever before, they've held wages to 1% and cut back on benefits.. Yet your telling me that the deficit today is still way bigger than 12 years ago under labours massive spending spree where everybody was a Dole lay about scrounging NHS bed blocker!. It just doesn't make sense, its like somebody in government is lying or summit
The deficit has reduced massively."
What is a deficit vs a debt | |||
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"In simple terms the deficit is the amount the government spends over and above what it brings in (in taxation etc). Basically it has to borrow this amount. Debt is the accumulation of this borrowing. Most countries have a massive debt and it's pretty sustainable, although obviously not desireable. What isn't sustainable is a large deficit." Massive debts are not unsustainable unless you like paying huge interest payments every year. We already pay more on interest than we do defence. Could be more than education if interest rates rise to a normal level. | |||
" Massive debts are not unsustainable " Did you mean to type 'sustainable' here? | |||
" Massive debts are not unsustainable Did you mean to type 'sustainable' here?" Yes sorry! I don't have a problem with debt in principle, there's just a level of it that i think it about right somewhere around 50% of GDP for a mature, developed country that isn't likely to grow especially fast in the future. When interest repayments are the 5th largest government expense, going on 4th then alarm bells should ring. | |||
" Massive debts are not unsustainable Did you mean to type 'sustainable' here? Yes sorry! I don't have a problem with debt in principle, there's just a level of it that i think it about right somewhere around 50% of GDP for a mature, developed country that isn't likely to grow especially fast in the future. When interest repayments are the 5th largest government expense, going on 4th then alarm bells should ring. " I don't think we're disagreeing too much and I'd agree that the debt should be lower but I stand by what I said in terms of it being sustainable but not desireable. The debt could stay at this level for the next 100 years and we could sustain it easily. The real problem is if the defecit increases and the markets get concerned, leading to increased borrowing rates etc | |||
" Massive debts are not unsustainable Did you mean to type 'sustainable' here? Yes sorry! I don't have a problem with debt in principle, there's just a level of it that i think it about right somewhere around 50% of GDP for a mature, developed country that isn't likely to grow especially fast in the future. When interest repayments are the 5th largest government expense, going on 4th then alarm bells should ring. I don't think we're disagreeing too much and I'd agree that the debt should be lower but I stand by what I said in terms of it being sustainable but not desireable. The debt could stay at this level for the next 100 years and we could sustain it easily. The real problem is if the defecit increases and the markets get concerned, leading to increased borrowing rates etc" Yeah i don't think we disagree too much. What i have an issue with is people who complain we don't have enough money for health or education but then support policies that lead to an interest bill nearing similar proportions to what we spend on education. | |||
"A quick question. Does anyone on this thread actually know the difference between the budget deficit and the national debt? Just curious." . No I'm a complete simpleton who doesn't know shit from clay!... I'm going for the Tory Exchequer job | |||
"A quick question. Does anyone on this thread actually know the difference between the budget deficit and the national debt? Just curious." I do...and have explained it several times. Sadly however brain cells seem in scant supply (on both sides) of the politics forum. But I'll try again. The defect is the yearly difference between revenue and expenditure. It is what the government has to borrow to pay its way. This has reduced dramatically in the last few years but still exists. The national debt is the cumulative total of all the deficits...going back in history as far as you care to go....plus the interest we are accruing on that debt. The national debt cannot ever do anything but increase as long as a defect of any size exists. In the past hundred years there have been less than a handful of years where we have not been in deficit. The hard fact is that the only way to reduce the debt is to totally illiminate the deficit by raising more in tax revenues than we spend on services, benefits and all the other stuff. That's a hard fact. Is any party actually brace enough to say that tho? Or is it easier to believe in a magic money tree? | |||
"A quick question. Does anyone on this thread actually know the difference between the budget deficit and the national debt? Just curious. I do...and have explained it several times. Sadly however brain cells seem in scant supply (on both sides) of the politics forum. But I'll try again. The defect is the yearly difference between revenue and expenditure. It is what the government has to borrow to pay its way. This has reduced dramatically in the last few years but still exists. The national debt is the cumulative total of all the deficits...going back in history as far as you care to go....plus the interest we are accruing on that debt. The national debt cannot ever do anything but increase as long as a defect of any size exists. In the past hundred years there have been less than a handful of years where we have not been in deficit. The hard fact is that the only way to reduce the debt is to totally illiminate the deficit by raising more in tax revenues than we spend on services, benefits and all the other stuff. That's a hard fact. Is any party actually brace enough to say that tho? Or is it easier to believe in a magic money tree?" Or we could cut government spending below the tax revenues which at 36% of GDP are about right. Corbyn wants to raise another £49bn from tax raises, we will pay £62bn this year in debt interest. If the debt to GDP ratio was reduced to a normal ~40% then the interest would be around £20bn - £30bn so actually you could get a good whack of even Corbyns spending binge if we just unfuck our debt situation that we never should have gotten into. | |||
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"When Labour win on the 8th the following will happen. There will be another run on the pound which will add to inflation. The only way they'll be able to fund their program is to crack open the printing press and print more money. This will add to more inflation and in no time at all we'll be looking at inflation rates of 5 to 10%. This will mean they have to jack up interest rates to stem the rise and that means our mortgages and stuff rise. This sucks money out of our pockets and leads to a recession and zero growth. The net result is more austerity in a couple of years time whether we like it or not. I'm glad I haven't got a very big mortgage cos it's going to get scary. " So it'll be like the 70's which is when labour last tried all these policies | |||
"When Labour win on the 8th the following will happen. There will be another run on the pound which will add to inflation. The only way they'll be able to fund their program is to crack open the printing press and print more money. This will add to more inflation and in no time at all we'll be looking at inflation rates of 5 to 10%. This will mean they have to jack up interest rates to stem the rise and that means our mortgages and stuff rise. This sucks money out of our pockets and leads to a recession and zero growth. The net result is more austerity in a couple of years time whether we like it or not. I'm glad I haven't got a very big mortgage cos it's going to get scary. So it'll be like the 70's which is when labour last tried all these policies " . Your back to belief fallacies again!. If it was just labour policies in the 70s that caused the problem can somebody explain why the same problems occurred in the USA, Canada, Australia, France, Spain... It was the energy crises of 74&79 where it quadrupled and more in a very short period!. Try putting oil up to 200+ dollars a barrel today and see what happens with anybody in charge. Recessions and then inflation, these are just inevitable | |||
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"When Labour win on the 8th the following will happen. There will be another run on the pound which will add to inflation. The only way they'll be able to fund their program is to crack open the printing press and print more money. This will add to more inflation and in no time at all we'll be looking at inflation rates of 5 to 10%. This will mean they have to jack up interest rates to stem the rise and that means our mortgages and stuff rise. This sucks money out of our pockets and leads to a recession and zero growth. The net result is more austerity in a couple of years time whether we like it or not. I'm glad I haven't got a very big mortgage cos it's going to get scary. So it'll be like the 70's which is when labour last tried all these policies . Your back to belief fallacies again!. If it was just labour policies in the 70s that caused the problem can somebody explain why the same problems occurred in the USA, Canada, Australia, France, Spain... It was the energy crises of 74&79 where it quadrupled and more in a very short period!. Try putting oil up to 200+ dollars a barrel today and see what happens with anybody in charge. Recessions and then inflation, these are just inevitable" Hoe do you explain all the strikes then? It's never labours fault is it, always some external factor they don't have control over... same story, different page | |||
"When Labour win on the 8th the following will happen. There will be another run on the pound which will add to inflation. The only way they'll be able to fund their program is to crack open the printing press and print more money. This will add to more inflation and in no time at all we'll be looking at inflation rates of 5 to 10%. This will mean they have to jack up interest rates to stem the rise and that means our mortgages and stuff rise. This sucks money out of our pockets and leads to a recession and zero growth. The net result is more austerity in a couple of years time whether we like it or not. I'm glad I haven't got a very big mortgage cos it's going to get scary. So it'll be like the 70's which is when labour last tried all these policies . Your back to belief fallacies again!. If it was just labour policies in the 70s that caused the problem can somebody explain why the same problems occurred in the USA, Canada, Australia, France, Spain... It was the energy crises of 74&79 where it quadrupled and more in a very short period!. Try putting oil up to 200+ dollars a barrel today and see what happens with anybody in charge. Recessions and then inflation, these are just inevitable Hoe do you explain all the strikes then? It's never labours fault is it, always some external factor they don't have control over... same story, different page" . I explain the strikes the same way I'd explain strikes in France, America, Australia. Since ww2 every western nation had set a policy of full employment!. Unions gained that very policy to get a larger share of the profits an inevitable consequence was that unions would have more power, an inevitable consequence of that is the people running unions strive for more and more power, eventually like everything else it becomes more about the power you get than what's good for your membership, you can see this played out today in any golf club, tennis club, pta, village council.. I blame the labour party for lots of things, they fuck up loads, the way I look at it though is there fuck ups tend to not have the worse outcome in the long term (I don't include new labour, they were Tories  ).
What I want the most in life is a stable country with low crime and low social problems, when you look round the world you never find countries with right wing politics that have this, that doesn't mean it's exclusive to right wing politics you find left wing one's just as bad, however the very best countries to live in are almost exclusively left wing oriented, Japan, Canada, Scandinavia, France..
I'm not taking my money with me nor any possessions, I'm leaving this world as I came into it and while I'm here I'm trying to learn to be happy with my lot and have empathy for others but frankly that's not as easy as it sounds because I'm full of human emotions, cognitive dissonance, you taught me that
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"A quick question. Does anyone on this thread actually know the difference between the budget deficit and the national debt? Just curious." No - only you because you are so much cleverer than is mere oiks and riff raff. | |||
"When Labour win on the 8th the following will happen. There will be another run on the pound which will add to inflation. The only way they'll be able to fund their program is to crack open the printing press and print more money. This will add to more inflation and in no time at all we'll be looking at inflation rates of 5 to 10%. This will mean they have to jack up interest rates to stem the rise and that means our mortgages and stuff rise. This sucks money out of our pockets and leads to a recession and zero growth. The net result is more austerity in a couple of years time whether we like it or not. I'm glad I haven't got a very big mortgage cos it's going to get scary. So it'll be like the 70's which is when labour last tried all these policies . Your back to belief fallacies again!. If it was just labour policies in the 70s that caused the problem can somebody explain why the same problems occurred in the USA, Canada, Australia, France, Spain... It was the energy crises of 74&79 where it quadrupled and more in a very short period!. Try putting oil up to 200+ dollars a barrel today and see what happens with anybody in charge. Recessions and then inflation, these are just inevitable Hoe do you explain all the strikes then? It's never labours fault is it, always some external factor they don't have control over... same story, different page. I explain the strikes the same way I'd explain strikes in France, America, Australia. Since ww2 every western nation had set a policy of full employment!. Unions gained that very policy to get a larger share of the profits an inevitable consequence was that unions would have more power, an inevitable consequence of that is the people running unions strive for more and more power, eventually like everything else it becomes more about the power you get than what's good for your membership, you can see this played out today in any golf club, tennis club, pta, village council.. I blame the labour party for lots of things, they fuck up loads, the way I look at it though is there fuck ups tend to not have the worse outcome in the long term (I don't include new labour, they were Tories ).
What I want the most in life is a stable country with low crime and low social problems, when you look round the world you never find countries with right wing politics that have this, that doesn't mean it's exclusive to right wing politics you find left wing one's just as bad, however the very best countries to live in are almost exclusively left wing oriented, Japan, Canada, Scandinavia, France..
I'm not taking my money with me nor any possessions, I'm leaving this world as I came into it and while I'm here I'm trying to learn to be happy with my lot and have empathy for others but frankly that's not as easy as it sounds because I'm full of human emotions, cognitive dissonance, you taught me that
"Well japan is very right wing but i'll give you the others. Not that I'd want to live in them personally. The French economy is pretty fucked and always will be, you can read some hillarious articles about people who try to be entrepreneurs in france. North korea and cuba have next to zero crime. China is pretty left wing and it's economy actually has a future. | |||
"When Labour win on the 8th the following will happen. There will be another run on the pound which will add to inflation. The only way they'll be able to fund their program is to crack open the printing press and print more money. This will add to more inflation and in no time at all we'll be looking at inflation rates of 5 to 10%. This will mean they have to jack up interest rates to stem the rise and that means our mortgages and stuff rise. This sucks money out of our pockets and leads to a recession and zero growth. The net result is more austerity in a couple of years time whether we like it or not. I'm glad I haven't got a very big mortgage cos it's going to get scary. So it'll be like the 70's which is when labour last tried all these policies . Your back to belief fallacies again!. If it was just labour policies in the 70s that caused the problem can somebody explain why the same problems occurred in the USA, Canada, Australia, France, Spain... It was the energy crises of 74&79 where it quadrupled and more in a very short period!. Try putting oil up to 200+ dollars a barrel today and see what happens with anybody in charge. Recessions and then inflation, these are just inevitable Hoe do you explain all the strikes then? It's never labours fault is it, always some external factor they don't have control over... same story, different page. I explain the strikes the same way I'd explain strikes in France, America, Australia. Since ww2 every western nation had set a policy of full employment!. Unions gained that very policy to get a larger share of the profits an inevitable consequence was that unions would have more power, an inevitable consequence of that is the people running unions strive for more and more power, eventually like everything else it becomes more about the power you get than what's good for your membership, you can see this played out today in any golf club, tennis club, pta, village council.. I blame the labour party for lots of things, they fuck up loads, the way I look at it though is there fuck ups tend to not have the worse outcome in the long term (I don't include new labour, they were Tories ).
What I want the most in life is a stable country with low crime and low social problems, when you look round the world you never find countries with right wing politics that have this, that doesn't mean it's exclusive to right wing politics you find left wing one's just as bad, however the very best countries to live in are almost exclusively left wing oriented, Japan, Canada, Scandinavia, France..
I'm not taking my money with me nor any possessions, I'm leaving this world as I came into it and while I'm here I'm trying to learn to be happy with my lot and have empathy for others but frankly that's not as easy as it sounds because I'm full of human emotions, cognitive dissonance, you taught me that
Well japan is very right wing but i'll give you the others. Not that I'd want to live in them personally. The French economy is pretty fucked and always will be, you can read some hillarious articles about people who try to be entrepreneurs in france.
North korea and cuba have next to zero crime. China is pretty left wing and it's economy actually has a future. ". Japan is a strange one I'll give you that, it has that strange mix of left and right combined but they don't have the cultural problems of consumption for consumptions sake, do you know many cars sold in Japan still don't have electric windows? The nation that gave us electric windows as standard still don't see the need for it, you can just wind them you lazy bastard's | |||
"When Labour win on the 8th the following will happen. There will be another run on the pound which will add to inflation. The only way they'll be able to fund their program is to crack open the printing press and print more money. This will add to more inflation and in no time at all we'll be looking at inflation rates of 5 to 10%. This will mean they have to jack up interest rates to stem the rise and that means our mortgages and stuff rise. This sucks money out of our pockets and leads to a recession and zero growth. The net result is more austerity in a couple of years time whether we like it or not. I'm glad I haven't got a very big mortgage cos it's going to get scary. So it'll be like the 70's which is when labour last tried all these policies . Your back to belief fallacies again!. If it was just labour policies in the 70s that caused the problem can somebody explain why the same problems occurred in the USA, Canada, Australia, France, Spain... It was the energy crises of 74&79 where it quadrupled and more in a very short period!. Try putting oil up to 200+ dollars a barrel today and see what happens with anybody in charge. Recessions and then inflation, these are just inevitable Hoe do you explain all the strikes then? It's never labours fault is it, always some external factor they don't have control over... same story, different page. I explain the strikes the same way I'd explain strikes in France, America, Australia. Since ww2 every western nation had set a policy of full employment!. Unions gained that very policy to get a larger share of the profits an inevitable consequence was that unions would have more power, an inevitable consequence of that is the people running unions strive for more and more power, eventually like everything else it becomes more about the power you get than what's good for your membership, you can see this played out today in any golf club, tennis club, pta, village council.. I blame the labour party for lots of things, they fuck up loads, the way I look at it though is there fuck ups tend to not have the worse outcome in the long term (I don't include new labour, they were Tories ).
What I want the most in life is a stable country with low crime and low social problems, when you look round the world you never find countries with right wing politics that have this, that doesn't mean it's exclusive to right wing politics you find left wing one's just as bad, however the very best countries to live in are almost exclusively left wing oriented, Japan, Canada, Scandinavia, France..
I'm not taking my money with me nor any possessions, I'm leaving this world as I came into it and while I'm here I'm trying to learn to be happy with my lot and have empathy for others but frankly that's not as easy as it sounds because I'm full of human emotions, cognitive dissonance, you taught me that
Well japan is very right wing but i'll give you the others. Not that I'd want to live in them personally. The French economy is pretty fucked and always will be, you can read some hillarious articles about people who try to be entrepreneurs in france.
North korea and cuba have next to zero crime. China is pretty left wing and it's economy actually has a future. .
Japan is a strange one I'll give you that, it has that strange mix of left and right combined but they don't have the cultural problems of consumption for consumptions sake, do you know many cars sold in Japan still don't have electric windows? The nation that gave us electric windows as standard still don't see the need for it, you can just wind them you lazy bastard's "That's because having an electric toilet is higher priority for them | |||
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"don't knock the japenese ... after all they're paying to fly us out there business class and play music for them next week "Shameless plug for your band. | |||
"don't knock the japenese ... after all they're paying to fly us out there business class and play music for them next week Shameless plug for your band. "not my band .... i'm session for a mate on this one .... and besides, it's a performance of an electroacoustic composition .... most people wouldn't be able to understand what was happening lol | |||
