Dear \Barry,
Thank you for the kind offer,namely spending over my means. At least we do agree on one thing dont spend beyond your means
Surely you, who have obviously got years of experience on the forum can realise when some one is joking????? My good ideas are only a myth. I most certainly would not give advise to any one on a subject that is totally impossible to solve.
It is kind of you to high light just how much all this is labour's fault. Not a single word of reproach about the greed of the financial system who whether you agree or not are the architects of this mess. You represent a fine example of what is wrong in this country. to put it in language we can all agree on your attitude is "Up yours Jack I am alright"
Guest 688- Registered: 16 Jul 2009
- Posts: 268
Surely I am missing something here,it is in all our interests that the economy expands.If and when the economy expands the deficit,as such,would be subsumed into this expansion.The idea of cutting to the quick is an unworkable mirage.When Thatcher under took this during her tenure as P.M.it was and is an utter disaster.Unless people have forgotten we lost all our manufacturing capacity.This policy left us as a service based economy and benefit reliant society.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
John - the problem we have been left with is a structural deficit, one that will not be resolved by economic growth before the next recession hits.
Labour repeatedly talk as if 'the economy' is the public sector - it isnt. the public sector depends entirely on the wealth generated by the private sector. What is spent by the public sector is only recycled money, including that spent by it in the private sector.
What we need is growth in the private wealth creating sector, not the public sector. One problem up until the election was that the private sector was carrying all of the burden of the recession, that burden was not shared by the public sector. We need to relieve the private sector of the huge public sector burden it carries so it can grow and get us out of trouble.
The risks of not resolving the deficit problem are greater than doing so.
The economy works in cycles, recessions are as certain as night follows day. Brown ran the economy as if he believed his own conceit that he had banished boom and bust. The result was that we had a structural deficit combined with huge debt at the start of the slowdown. So at the point in the cycle when you would naturally allow a deficit to build and borrow to oil the wheels, we were simply piling in with a lot more debt and getting deeper into trouble.
Jimmy - Brown cannot escape responsibility, he was in control of public spending and he and his government created the structural deficit, he was personally responsible for screwing up banking regulation, he was personally responsible for messing up the BoE inflation brief.... It is no good blaming the financial system, we know where things went wrong and he was responsible.
John Heron,
You are quite correct when you state this is only a replay of Thatcher's policies.
Yes it did devastate our industrial base and decimated the communities who relied on these industries. I believe at the last assesment our industrial base was down to an all time low of 14%. Now even I must accept that labour have to take some of the blame for this dismal state of affairs, but it does not distract from the fact that the proposed policies will be an utter disaster as all tory policies are at the end of the day.
Having said all that I suppose I should not be ungrateful. With a cabinet where 23 millionaires shall dispence there collective wisdom what chance for the remaining 14% industrial base?? none at all. It kind of reminds me of programmes which extol the virtues of our lords who built the stately homes not a word of the poor labourers who sweated and died erecting these monolithic follies. Who said history does'nt repeat itself??
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
It is a massive cut-back, Marek, even 25 % is, but gov. does not have any alternative plans to introduce employment for those who will be laid redundant and for the young people who, on leaving school or university, will not be able to join the civil servants in the pubblic sector owing to a ban on recruitment, and this makes it so much harder. The UKIP advocates the re-introduction in Britain of lost productive sectors to offer alternative work and replenish the Treasury with more income, so it would be a good idea for people to look at the UKIP agenda.
As we are going back eons to argue old arguments, can I remind folks that Callaghan, a Labour Prime Minister, screwed the entire country and Thatcher's medicine was needed to sort us out.
Let me also remind those who choose to forget, Ken Clarke (Tory Chancellor) handed to Blair/Brown the strongest economy and largest gold reserves since bfore WWII. Gordie flogged the gold at the bottom price, spent the reserves (rather like DDC uner Labourt incidentally) and then borrowed more than two generations can pay back.
Hmm, I can see the Tory policies really failed!!!!! Give me strength...................
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
sid
my dear old fruit the past is the past, callaghan and thatcher are just museum pieces now.
we are talking about how our country can get out of the mess that most other countries have got themselves into.
the ground rules never change despite the condition of the economy, the reds believe that throwing money around solves problems, the blues lasciviate over cutting spending.
dogma and mantras rule over pragmatism in how our country should be run.
Howard you are right of course. WE are talking in such a way, others are harping back to the past. I was just reminding them of the facts.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
i do find the past tiresome sid.
we should move on to the future, what happened to that gladstone bloke by the way?
His momma got a brand new bag!
Guest 686- Registered: 5 May 2009
- Posts: 556
I think we need to remember that the future is built on the foundations laid in the past. This is something that Labour seem to find it convenient to forget and just repeat past mistakes without learning anything from it.
I've long thought that there was too much bloat in the public sector - too many "jobs for the boys" - and the impending cuts do seem to me to be the only way out of the crisis. (Thanks to BarryW for explaining the relationship between the public and private sectors.)
Wasn't it the Tories many years ago that had a slogan along the lines of "If it's not hurting it's not working"?
Phil West
If at first you don't succeed, use a BIGGER hammer!!
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Jimmy - simple, over the last 13 years too much jam has been spread around.
Bob - bloody hell!!!!
Guest 693- Registered: 12 Nov 2009
- Posts: 1,266
Good God, Bob! The mind boggles.......
True friends stab you in the front.
Barry
Well the jam never reached my piece of toast, "Does that make me a deprived child"??
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
looking at that list begs the question why does the british dental association need free money.
you don't see many dentists sleeping rough or flogging the big issue.
Hmm, £4.2m. I wonder what audit process there is to ensure the funds are used for the purpose given? If I recall, isn't this something the Tories started to help the unions pay for democracy, sorry, I mean proper secret ballots?
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
the blues would never throw money at a problem, would they?
