What needs to happen to fix this?

davilown

nimpoppy wrote: »

Any ideas what the government should actually do to fix this problem?

Leave it alone - let the banks go bust, let people lose their houses. Lets just begin again with those who are financially viable to continue. People will then have second thoughts to 'I must have it today' mentality.

nimpoppy

No, don't mean chanting about raising taxes and cutting benefits. I mean not sitting on your !!!! grumbling about being shafted and not saying anything.

"yes please gordon, please give the banks some more of our money, thats fine, and while you are at it, take my house and my job, anything else? here have the clothes of my back and the food from my mouth and my future childrens mouths"

Just a general message from the tax payers on the UK needs to go to Mr Brown to force him into action before things get worse.

Radiantsoul

mbga9pgf wrote: »

Unfortunately, they need to cut the civil service in half.

The money they save needs to go into re-investment of long-term sustainable business models that actually PRODUCE stuff.

Reduce foreign aid to 0 until we balance the budget. Yes, its tragic, but we need to sort out our wn back yard before we move onto other nations.

We need to get rid of the namby pamby state, slash bureaucracy and legislation (HSE, working hours regs, minimum wage repealed) for small/medium businesses, slash benefits and incentivise work instead of sitting on ones @rse.

Banks and shareholders need to understand they will be paying back their dues to the state for a VERY VERY long time. Preferably with interest.

Seeing as reduced IRs havent done anything, we need to raise them to at least above the ECB rate, to stop the slide on the pound and encourage foreign savers to invest their sov wealth funds with the banks to help them with capital requirements. But, they will only do this if they see us going through the pain and making a real concerted effort of paying off debt. To that end, the government must legislate maximum loans to values on mortgages, Minimum deposit requirements, maximum unsecured lending at around 25% of the larger salary for couples and 20% for singlies; Government must achieve a balanced budget across the cycle at least, and must have a framework in place which includes items such as PFI and other off balance sheet unfundeds (public sector pensions). If it cant afford them, then state spending must be cut. If this means granny cant have a hip replacement and the average life expectancy for the country drops, so be it. Tax HPI at 90% rate for first home ownership and 95% for second home ownership and beyond. Set targets for immigration; the nation is overpopulated and needs to shrink.

Increase Tax thresholds for couples to 15000 tax free on single salary if they work full time, re-introduce joint income calcs for married couples taxation. Reduce benefits for those out of work longer than 3 years to 30 pounds a week. Individuals on benefits will have to pay for prescriptions and if they are out of work for longer than 5 years and revert to 25 pounds of food vouchers a week. No extra benefits for families with more than 2 kids with father not in fll time work. Father in full time work = extra benefits for extra kids.

QE should be used for one purpose only; pay off banks toxic debt on the understanding that these loans will need to be paid off for the next 150 years. Thus, liabilities on balance can be reduced to a much smaller payment charged at a rate of BOE BR + 1%.Pay it off in total and fully nationalize for 20 years to shake up the bank system.

People defaulting on debt need to have their rates slashed and be made clear that individuals that took out debt WILL pay it off, even if it takes them a lifetime of eating gruel. Quality of life will suffer, but bearing in mind we will be using the knowledge economy to produce stuff, we will hopefully become a nation of net exporters and hopefully start nibbling away at the humongous balance of trade we have built ourselves.

It would be tough, but bearing in mind we fought off the might of the Nazis, I am sure we will overcome. We all need to stop whining and get on with fixing this country.

I, for one, feel this is a little extreme!

mbga9pgf

Radiantsoul wrote: »

I, for one, feel this is a little extreme!

Well, whats the alternative? Seriously, do you want to fix this or not? We can go ahead and pretend the state can afford to protect anyone and end up like Iceland or Argentina, or we can start to learn about community and looking after each other without the help of the state.

You can bury your head in the sand. I would suggest this is the sort of radical activity is necessary. I can bet Obama isnt going to lilly round the edges in the states, why should we be any different?

Our current economic model is fatally flawed because it relies on debt. We get rid of our economic reliance of it, we would all have pretty humble lives, but at least we would be producing tradeable goods.

Thrugelmir

Old_Slaphead wrote: »

We only had about 1/3rd of German war machine to contend with - the rest was busy in the Russian steppes

And the war had already turned before the Normandy invasion in 1944.

chewmylegoff

we need to find a lot of oil, really cheap to extract, really quickly, somewhere just off the coast of skegness.

alternatively scrap the NHS.

chewmylegoff

Thrugelmir wrote: »

And the war had already turned before the Normandy invasion in 1944.

and the german military was commanded by someone with the tactical and strategic grasp of a handicapped carrot.

Thrugelmir

chewmylegoff wrote: »

we need to find a lot of oil, really quickly, somewhere just off skegness.

alternatively scrap the NHS.

I thought Skegness was in an area of outstanding natural beauty :rolleyes:

mbga9pgf

chewmylegoff wrote: »

and the german military was commanded by someone with the tactical and strategic grasp of a handicapped carrot.

They were doing fine until Barbarossa.

StevieJ

mbga9pgf wrote: »

Well, whats the alternative? Seriously, do you want to fix this or not? We can go ahead and pretend the state can afford to protect anyone and end up like Iceland or Argentina, or we can start to learn about community and looking after each other without the help of the state.

You can bury your head in the sand. I would suggest this is the sort of radical activity is necessary. I can bet Obama isnt going to lilly round the edges in the states, why should we be any different?

Our current economic model is fatally flawed because it relies on debt. We get rid of our economic reliance of it, we would all have pretty humble lives, but at least we would be producing tradeable goods.

You are correct he is going to spend a fortune on the poor with social reforms, and there is me thinking you were one of those right wing Tories