cleggercon double dip here we come!

nitr02007

Really2 wrote: »

I would go further and say the deficit built up from 2002 was the problem not the recession.

Had they built up a surplus in the boom cuts would only have to be minimal now.

I was about to say the same thing.

Brown's bigget mistake was his profligacy in the boom years, has he never heard of "saving for a rainy day"?

As for cuts, people must realise that public sector jobs are paid for by the private sector. So the only option is to reign back the public sector spending - by cutting waste and unecessary bureaucracy.

Edit: I was half-expecting the breaking news flash last night that "Vince cable has been taken to hospital with a suspected heart attack"... after taking a look at the real figures at the treasury. The figures must be worse than Labour has been saying.

dandy-candy

A pointless thread by a Labour-until-death supporter. If we do double dip it won't be because Cameron has the reins, it will be because things are already sliding too fast to stop. If it's going to happen, it's going to happen - and would have done so whoever was in charge.

ILW

nitr02007 wrote: »

I was about to say the same thing.

Brown's bigget mistake was his profligacy in the boom years, has he never heard of "saving for a rainy day"?

As for cuts, people must realise that public sector jobs are paid for by the private sector. So the only option is to reign back the public sector spending - by cutting waste and unecessary bureaucracy.

Edit: I was half-expecting the breaking news flash last night that "Vince cable has been taken to hospital with a suspected heart attack"... after taking a look at the real figures at the treasury. The figures must be worse than Labour has been saying.

I find it truly amazing that many (including on this forum) just do not seem to understand that.

Degenerate

tomterm8 wrote: »

Of course tighter regulation wouldn't have stopped a financial crises. Or a banking crises. We have 200 years of history on this, banking crises have happened over that 200 years with depressing regularity. They have happened whatever scheme of regulation you chose. They have happened to pretty much every capitalist society at one point or another. It is a feature of the capitalist system. The only way to get rid of them is to get rid of capitalism.

It is possible to regulate enough to stop these things, but to do so would also choke off the periods of prosperity between the crashes, and result in everyone being poorer overall. A balance must be struck, and when you look at the history of economic growth from 1997 to now, even with the crash factored in Brown did pretty bloody well.

ninky_2

nitr02007 wrote: »

As for cuts, people must realise that public sector jobs are paid for by the private sector.

not really. the value is created by labour (in terms of work) in both private and public sector.

ILW

ninky wrote: »

not really. the value is created by labour (in terms of work) in both private and public sector.

So where does the money to pay the wages come from?
Labour (in terms of work) in itself does not create any value.
PS, I am talking about planet earth.

Jonbvn

chucky wrote: »

at least all the tories on here won't be in a state of panic that they had missed out on winning another election again.

Good job I'm in the "Anyone but Gordo" party then.;)

ninky_2

ILW wrote: »

So where does the money to pay the wages come from?
Labour (in terms of work) in itself does not create any value.
PS, I am talking about planet earth.

where does it come from in the private sector?

ILW

ninky wrote: »

where does it come from in the private sector?

In its most basic form, by creating a product or service, or adding value to an existing product or service and then selling it to someone who has the money and is happy to pay for it.

chucky

Jonbvn wrote: »

Good job I'm in the "Anyone but Gordo" party then.;)

sure is - apart from osborne. no real complaints with the curreent set-up. that's unless DC mis-behaves himself.