90% Public Sector Final Salary Pension Meltdown Scandal

chucky

mewbie wrote: »

Comes of not being PPR'd for posting antagonistic crap.

what are you still doing here then :rolleyes::rotfl:

mewbie_2

chucky wrote: »

what are you still doing here then :rolleyes::rotfl:

You have missed the point by trying a little too quickly to make a 'joke'. I said comes of NOT being PPR'd. Your interpretation of the statement, and your knicker wetting excitement at being 'clever' have blinded you to the original meaning.

Stick to your laborious explanations of interest rates and mortgage deals. It's not very illuminating but you are on safer territory.

chucky

mewbie wrote: »

You have missed the point by trying a little too quickly to make a 'joke'. I said comes of NOT being PPR'd.

i think it's you that missed the joke my little pumpkin but that what comes from you being so simple :beer:

now tootle off and go on your Thanks [STRIKE]begging[/STRIKE] hunt

mewbie_2

chucky wrote: »

i think it's you that missed the joke my little pumpkin but that what comes from you being so simple :beer:

now tootle off and go on your Thanks [STRIKE]begging[/STRIKE] hunt

Doesn't really work does it Chucky? Not really a wordsmith, or a comedian. Probably would sound all right aftera few beers, hence your beery smiley.

chucky

mewbie wrote: »

Doesn't really work does it Chucky? Not really a wordsmith, or a comedian. Probably would sound all right aftera few beers, hence your beery smiley.

works for me. but why should you care... hold on but you do care because you follow me around the forum and frequently mention me in youir posts... :rotfl:

don't forget you only get an hour for lunch - you don't want to lose your job now do you... you'd be even more angry then...

Generali

Sir_Humphrey wrote: »

My parting shot: the politicians are still lying to you. You are not going to cut 10% of spending by "efficiency savings" alone - nowhere near, that is Jim Hacker cloud-cuckoo land politics. Any savings that do come through would not be for years (in the case of pensions decades) and would be more expensive in the short term.

Perfectly true IMO.

The only way to cut public spending quickly is to make large numbers of people redundant. There is a one off payment of a few weeks or months salary and then a big reduction of ongoing payments of a salary, office space, IT support costs etc. Clearly some of the savings would be offset by increased welfare payments.

Welfare and health spending (as the biggest part of the budget) is the other obvious place to look for big cuts. A cut of a fiver a week in payments to 2,500,000 unemployed would save £650,000,000 for example. Eliminating targets in the NHS would allow for cuts to spending on non-urgent treatment and also would increase the scope for redundancies.

Big future spends should be cancelled (eg ID cards and Son of Trident) and losses cut on current projects where possible.

Pension entitlements will also have to be cut, either now or it'll be forced on a Government in the end. As you rightly point out, as pensions aren't being funded for Central Government staff the immediate saving would be nil if pension rights are cut.

Generali

PS Welcome back Sir Humphrey. We were just talking about you yesterday. I was very nice about you.

Graham_Devon

chucky wrote: »

works for me. but why should you care... hold on but you do care because you follow me around the forum and frequently mention me in youir posts... :rotfl:

Funny you should use a rolling head icon and try and make another poster look silly by saying that.

This is since 9pm last night, just 15 hours, and that includes sleeping time.... And none are in response to me, just bringing me in to your posts.

chucky wrote: »

ps. i'm not using the Devonian Economic tactic of disagreeing with you just because you are allegedly a "bull". i'm interested why you think that.

chucky wrote: »

Devon has got moobs!?!?

chucky wrote: »

we all know what Devon is like... has he offered to take you out in his 'flash' car yet?

chucky wrote: »

i'm good with that but at least get Graham a good economics book because he doesn't have a clue :beer:

Harry_Powell

Generali wrote: »

Perfectly true IMO.

The only way to cut public spending quickly is to make large numbers of people redundant. There is a one off payment of a few weeks or months salary and then a big reduction of ongoing payments of a salary, office space, IT support costs etc. Clearly some of the savings would be offset by increased welfare payments.

Welfare and health spending (as the biggest part of the budget) is the other obvious place to look for big cuts. A cut of a fiver a week in payments to 2,500,000 unemployed would save £650,000,000 for example. Eliminating targets in the NHS would allow for cuts to spending on non-urgent treatment and also would increase the scope for redundancies.

Big future spends should be cancelled (eg ID cards and Son of Trident) and losses cut on current projects where possible.

Pension entitlements will also have to be cut, either now or it'll be forced on a Government in the end. As you rightly point out, as pensions aren't being funded for Central Government staff the immediate saving would be nil if pension rights are cut.

The trouble with making people redundant is that often they'll choose the front-line staff who don't have many years under their belts (and hence will require a much smaller payout) rather than having the complete 'root and branch' clearout that's required.

We could make huge savings by scrapping the inefficient, work intensive and fraud riddled tax credit system, but this won't happen while Brown is in charge because it was his brainchild.

Pensions really do need sorting, but I can't see it happening any time soon because the savings are more long-term and wouldn't really benefit the incumbent party. It would also put the spot light back on the MP's own pension, pay and benefits and they wouldn't want that now would they?

chucky

Graham_Devon wrote: »

Funny you should use a rolling head icon and try and make another poster look silly by saying that.

ahh poor Graham - you've got confused again...

i'm chucky, that post was directed at newbie.

you take yourself a bit too seriously on here mate - go and listen to the radio in the car or something. it will make you feel better :beer: