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Lib Dems: Major cuts = Economic Masochism
HAMISH_MCTAVISH
Posts: 28,592 Forumite
The Lib Dems would not support a government which tried to make major spending cuts in the next financial year, leader Nick Clegg has said.
Slashing spending so early in the recovery would be "economic masochism", Mr Clegg told BBC Radio 4's Today.
And in other news, little Georgy Osborne was overheard saying.....
Ummmm, No George.
He has no respect for your Austeritehhhhh.
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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So a vote for the Lib Dems is a vote for five more years of Gordon Brown?Been away for a while.0
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Running_Horse wrote: »So a vote for the Lib Dems is a vote for five more years of Gordon Brown?
Low growth makes the deficit worse. No matter what cuts you make.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
So that has sealed my vote
'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 -
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
http://www.guardian.co.uk/politics/2009/sep/18/nick-clegg-liberal-democrats-spending
That Clegg needs to make his mind up. Last september he wanted tocut hard and savage, including child benefit. I wonder what has changed.0 -
http://www.guardian.co.uk/politics/2009/sep/18/nick-clegg-liberal-democrats-spending
That Clegg needs to make his mind up. Last september he wanted tocut hard and savage, including child benefit. I wonder what has changed.
I should imagine child benefit for those on mega salaries is still on the agenda.'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 -
Cable says the Tories have not announced any plans. Also what are savage cuts? Cable the other day said that if the Tories were planning to cut 2B it not really a problem but if they are talking about 20B then its a different thing.
Also is Cable the man the Bulls really want in view of hes been talking about the housing market being over inflated since at least 2004.
Personally he seems to know what hes talking about and in a hung parliament he may get a big say in the economy maybe george would be happy to give way to him.0 -
Wonder whether any bookies are offering a price on Vince Cable being the next Chancellor? I wouldn't mind a tenner on that...
The next govt will have to make sensible, deep (ish) cuts while not stifling growth. I would have thought £5-10bn pa rather than either £2bn or £20bn is more sensible.
The danger of a Lab/Lib Dem coalition is (clearly!) that the debt won't be cut drastically enough, undermining sterling and leading to dramatically higher interest rates. But if the Tories cut too much, too soon, it could be a lot worse...0 -
HAMISH_MCTAVISH wrote: »Low growth makes the deficit worse. No matter what cuts you make.
The deficit is down to income and spending. Growth will generally increase income through increased tax take and spending will fall as less benefits are paid.
So - Low growth won't make the deficit worse, it just makes it more difficult compared to higher growth. :j0
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