Tory cuts could be mighty unpleasant

StevieJ

Money_Grabber13579 wrote: »

We've got a school at Balmoral in Belfast that was built about 5 years ago under PFI. It's since closed down, but the payments have to continue for another 25 years! What a waste!:mad::mad:

Can't see why that is the fault of PFI, more likely blinkered planning.

mbga9pgf

StevieJ wrote: »

If the Tories had been in power for the last two years we wouldn't have had an a decent entrance policy never mind exit.

They wont like this on here

the chief executive of the Government's Debt Management Office, Robert Stheeman, tells us. He recently said: "I would say that coming from a relatively low base of the stock of debt, certainly compared to other countries, gives the UK a slight advantage [in financing the deficit]".

Hmm, the government representative forgets to mention the world beating record levels of total debt that the country is having to service... mortgages, loans and credit cards added to our national debt stats show the true mill stone around our neck.

And I dont call a 14.4% deficit as an indicator of stalwart economics and a stable future.

Money_Grabber13579

StevieJ wrote: »

Can't see why that is the fault of PFI, more likely blinkered planning.

Oh it's not the fault of the private companies involved. It's just an example of the waste of money that the government seems to think is acceptable. (Maybe not an example of Westminster waste, but it happens all over.)

Generali

setmefree2 wrote: »

Ummm not quite with you on this

http://www.forbes.com/2009/05/13/australia-record-deficit-markets-economy-tax.html

http://www.dailytelegraph.com.au/news/deficit-to-blow-out-to-80bn/story-e6freuy9-1225706228571

http://www.news.com.au/perthnow/story/0,21498,25517215-951,00.html?from=public_rss

PRIME minister Kevin Rudd has admitted Australia's national debt will peak at about $300 billion by 2013.
Mr Rudd had to be asked several times earlier this week about where Australia's debt would peak.
He finally nominated the figure of $300 billion today.

Speaking to Fairfax Radio 6PR from Geraldton, he said the country's gross debt would reach $300 billion over the next four years.

He again said the debt from the recently released budget was necessary to cushion the blow of the global financial crisis.

"Net debt peaks at about $188 billion in 2012 to 2013, a gross debt of about $300 billion at that stage," Mr Rudd said.

"Net debt rises to 13.6 per cent of GDP (Gross Domestic Product).

My point (badly put) is that while Australia is running a large deficit, the total level of Australian national debt is low. There is also, supposedly, a plan in place to pay back the debt rather than run a perpetual debt like most industrialised nations do although Labor have a poor record of repaying the debts they build up, they normally leave it to the Liberals.

moggylover

StevieJ wrote: »

It is if the people on the salaries are helping to build schools, hospitals and roads

It is also if the people on the salaries are educating our future, healing our sick, policing our streets, or even collecting our rubbish;)