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Tory cuts could be mighty unpleasant
Comments
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Rochdale_Pioneers wrote: »So how much of our current debt do you think is part of the spending on public services, and how much was part of the spending on stopping the financial system collapsing?
Your notion that our debt level would be halved is laughable. Its not the stimulus that the money has been spent on, its keeping the cash machines working.
I think what the real problem is that our national debt was so high to begin with, any increases have very quickly become crippling. Whereas, if the government had been more prudent, as the Lib Dems and Tories have been saying for a number of years now, our debt going into this crisis would have been a lot lower, the proportion of our spending on debt interest would have been marginally lower, however the main point is, we could actually have afforded to bail the economy out, without the threat of huge sweeping cuts in public expenditure to pay for it.
The main point has been, that Labour has spent far too much in the good times, without putting any away for occasions like this. Brown was so confident that boom and bust would never happen again, so you didn't need any money for a rainy day. Shows what he knows - not much.
Anybody with even a little bit of sense knows that economies move in cycles, and recessions always have been with us, and always will be with us.Northern Ireland club member No 382 :j0 -
Money_Grabber13579 wrote: »I think what the real problem is that our national debt was so high to begin with, any increases have very quickly become crippling. Whereas, if the government had been more prudent, as the Lib Dems and Tories have been saying for a number of years now, our debt going into this crisis would have been a lot lower, the proportion of our spending on debt interest would have been marginally lower, however the main point is, we could actually have afforded to bail the economy out, without the threat of huge sweeping cuts in public expenditure to pay for it.
We were running a deficit before the crisis (which should not have been the case), but overall national debt was under 40% of GDP. This was a low figure by any international and historic standard. Even if you added in PFI/PPP debts, the figure was still low compared to similar countries.
It is simply not true that we had a high national debt. In fact Brown paid a lot of the historic national debt off in the late 1990s/very early 2000s. Even after bailing out the banks, the national debt is not that bad compared to other similar countries.Politics is not the art of the possible. It consists of choosing between the disastrous and the unpalatable. J. K. Galbraith0 -
Sir_Humphrey wrote: »We were running a deficit before the crisis (which should not have been the case), but overall national debt was under 40% of GDP. This was a low figure by any international and historic standard. Even if you added in PFI/PPP debts, the figure was still low compared to similar countries.
It is simply not true that we had a high national debt. In fact Brown paid a lot of the historic national debt off in the late 1990s/very early 2000s. Even after bailing out the banks, the national debt is not that bad compared to other similar countries.
You are competing against the Tory election machine in full swing'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
You are competing against the Tory election machine in full swing
It seems to me that this board is full of labour voters! And I'm not sure how anyone could consider voting for them! (I'm kindof an impartial by the way, as we can't - or maybe just don't - vote Labour, Tory over here!)Northern Ireland club member No 382 :j0 -
Money_Grabber13579 wrote: »It seems to me that this board is full of labour voters! And I'm not sure how anyone could consider voting for them! (I'm kindof an impartial by the way, as we can't - or maybe just don't - vote Labour, Tory over here!)
Yeh OK
The Conservatives and the Ulster Unionists have announced they will join forces and field joint candidates in the forthcoming European and Westminster elections.
They have decided to fight elections in Northern Ireland on a joint ticket and under a single name, which will appear on ballot papers as 'Ulster Conservatives and Unionists - New Force'.
http://www.politics.co.uk/news/communities-and-local-government/tories-and-unionists-join-forces-$1273283.htm'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Money_Grabber13579 wrote: »It seems to me that this board is full of labour voters! And I'm not sure how anyone could consider voting for them! (I'm kindof an impartial by the way, as we can't - or maybe just don't - vote Labour, Tory over here!)
I tend to disagree, I think the board is to the right of the general public.
Many posters whilst recognising that Labour have in many respects ballsed things up have little or no faith in the Tories, I'm firmly in the no faith category myself."An arrogant and self-righteous Guardian reading tvv@t".
!!!!!! is all that about?0 -
You are competing against the Tory election machine in full swingRochdale_Pioneers wrote: »Whatever gives you the impression that he thinks?
I see the New Labour election machine is in full swing too.
The personal insults are starting !"The whole problem with the world is that fools and fanatics are always so certain of themselves, but wiser people so full of doubts."
Bertrand Russell. British author, mathematician, & philosopher (1872 - 1970)0 -
Money_Grabber13579 wrote: »It seems to me that this board is full of labour voters! And I'm not sure how anyone could consider voting for them! (I'm kindof an impartial by the way, as we can't - or maybe just don't - vote Labour, Tory over here!)
I may be Labour, but i can also add. The spin being put out by the Tories about UK debt is factually wrong. Its a good political attack but it has no basis in fact. And don't believe me or the government or anyone on this board, go look the numbers up. Go ask the IMF. The EU, The World Bank. UK debt was low in comparison with the G7 and with UK historical levels. That is the fact. All else is politics.0 -
Yeh OK
The Conservatives and the Ulster Unionists have announced they will join forces and field joint candidates in the forthcoming European and Westminster elections.
They have decided to fight elections in Northern Ireland on a joint ticket and under a single name, which will appear on ballot papers as 'Ulster Conservatives and Unionists - New Force'.
http://www.politics.co.uk/news/communities-and-local-government/tories-and-unionists-join-forces-$1273283.htm
But who actually votes for them?:rotfl::rotfl::rotfl: Although, things may change next time round; we'll just have to wait and see!Northern Ireland club member No 382 :j0 -
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