The gravy train is cancelled...

TRUSt_NO_1_2

The British economy has been kept afloat via the public sector for the last 10 years at least.
When that starts to be cut back,seriously as it must,the impact will be exponential.

Will the potholes ever be filled ?

Primrose

Well, judging by the way some of the potholes are appallingly filled round here these days, it looks as if the tarmac contractors are on the same gravy train.
I'm all for letting the daylight shine onto some of these salaries. It is well overdue and even if few of us would actually have voted for the coalition we now have, I don't think many people will be sad that this gravy train has been cancelled. There are a few civil servants who probably do deserve a higher salary than the Prime Minister for the heavy responsibilities they carry but they could probably be listed on the fingers of two hands, and certainly the Quangos don't qualify. They should readvertise all the jobs over a certain salary at a much lower remuneration, letting the current occupants apply with the rest, and may the best qualified indivdual win!

wombat42_2

TRUSt_NO_1 - i wanted you ask you, about 2 years ago you were on here being ultra bullish about gold and you linked to Jim Sinclair (a prominent gold bull). Have you still managed to stick with gold or did you bail out when the going got rough in 2008 ? Gold seems now to be doing very nicely.

sheslookinhot

TRUSt_NO_1 wrote: »

The British economy has been kept afloat via the public sector for the last 10 years at least.
When that starts to be cut back,seriously as it must,the impact will be exponential.

Will the potholes ever be filled ?

You have got to be joking. :rotfl: The public sector requires a strong private sector to generate the wealth for the country. Otherwise there would be no public sector to speak off.

The public sector generates no wealth, only spends what revenue comes from the private sector.

CLAPTON

sheslookinhot wrote: »

You have got to be joking. :rotfl: The public sector requires a strong private sector to generate the wealth for the country. Otherwise there would be no public sector to speak off.

The public sector generates no wealth, only spends what revenue comes from the private sector.

presumably a private hospital carrying out, say a knee operation, creates wealth whereas a public hospital carrying out the same operation is simply a parasite

opinions4u

sheslookinhot wrote: »

The public sector requires a strong private sector to generate the wealth for the country. Otherwise there would be no public sector to speak off.

The public sector generates no wealth, only spends what revenue comes from the private sector.

I would partially agree with your point.

Without wealth being generated by the private sector, the ability to raise tax is reduced, meaning that less can be spent in the public sector.

So a strong and thriving private sector should be good for public services.

That said, a health service funded by taxation that gets an ill person back to work faster is also a positive factor in the ability of that person's chance to earn and pay tax again.

CLAPTON wrote: »

presumably a private hospital carrying out, say a knee operation, creates wealth whereas a public hospital carrying out the same operation is simply a parasite

A wonderful counter! I would suggest that whichever organisation delivers the best balance of speed, medical recovery and cost would be the best for the economy and the individual with the dodgy knee.

hounslow_boy

sheslookinhot wrote: »

You have got to be joking. :rotfl: The public sector requires a strong private sector to generate the wealth for the country. Otherwise there would be no public sector to speak off.

The public sector generates no wealth, only spends what revenue comes from the private sector.

That's exactly what the OP was saying. In the last 10 years the majority of "jobs" were created in the public sector i.e. non tax revenue generating jobs. Increasing numbers of private sector jobs were being lost to outsourcing and offshoring.

So an increasing public sector workforce, and a shrinking private sector workforce that's supposed to pay for the former. Computer says no.

Explains the record budget deficit and debt. The 6Bn they shaved off the deficit the other week - that's 2 weeks worth of yearly deficit. Gives you some idea of the real pain still to come, through forced cuts and more QE.

cepheus

The public sector generates no wealth, only spends what revenue comes from the private sector.

I would claim that many private sector jobs are disguised as producers but merely serve as admin, mainly desk jobs like the public sector. The true wealth is founded on the hard work of foreigners in the following forms:

• 'Sweatshop' slave labour in Developing country factories, agriculture and mining, so apparent Western wealth can be built from middleman desk jobs passing on the refined or packaged products
• Insistence of free markets for Developing countries, ensuring that the abundance of labour drives down raw material and food costs so middlemen can cash in.
• Free movement of products and materials, but not of labour to ensure education and the high value jobs are retained in Developed countries. A microcosm of this occurs within developed countries so the best jobs are retained for public school types in banking, legal, business, military and the higher civil service positions.
• Allowing some limited illegal labour flow into developed countries so they can be threatened with deportation. This makes them work like dogs for us, like their foreign based cousins.
• Restrictive trading practises in certain Western Countries to retain key jobs and skills
• Patents, guarding high value products from being produced by developing countries
• Military control of oil and financial control via the world bank & IMF.
• Paying off Dictators and controlling media in developing countries to retain control of markets and restrain opposition politicians.
• High value arms sales to developing countries of negative social value

The remaining private sector jobs merely generate unneeded consumption for the sake of it and merely circulate money:

new age treatments, advisor's, loan merchants, unnecessary insurance, gambling.... the list is endless. This is allowed by the abundance of money accumulated in developed countries due to the above. To be frank the average US or British citizen has so much money they don't know what to do with it! They feel impoverished because they (or their kids) feel as if they must keep up with the Jones'

thor

sheslookinhot wrote: »

You have got to be joking. :rotfl: The public sector requires a strong private sector to generate the wealth for the country

Like the prebailout HBOS, NR, Bradford&Bingley etc?

TRUSt_NO_1_2

wombat42 wrote: »

TRUSt_NO_1 - i wanted you ask you, about 2 years ago you were on here being ultra bullish about gold and you linked to Jim Sinclair (a prominent gold bull). Have you still managed to stick with gold or did you bail out when the going got rough in 2008 ? Gold seems now to be doing very nicely.

Still in gold/silver...unfortunately moved out of physical (big mistake) and into stocks..which got creamed along with the rest.
You sometimes have to make mistakes to realise what is really going on. ie how fraudulent stock markets really are.

TRUSt_NO_1_2

Originally Posted by sheslookinhot
You have got to be joking. :rotfl: The public sector requires a strong private sector to generate the wealth for the country. Otherwise there would be no public sector to speak off.

The public sector generates no wealth, only spends what revenue comes from the private sector.

hounslow_boy wrote: »

That's exactly what the OP was saying. In the last 10 years the majority of "jobs" were created in the public sector i.e. non tax revenue generating jobs. Increasing numbers of private sector jobs were being lost to outsourcing and offshoring.

So an increasing public sector workforce, and a shrinking private sector workforce that's supposed to pay for the former. Computer says no.

Explains the record budget deficit and debt. The 6Bn they shaved off the deficit the other week - that's 2 weeks worth of yearly deficit. Gives you some idea of the real pain still to come, through forced cuts and more QE.

The politicians confuse the economy..the bit that creates the wealth (private sector)..with the other thing that consumes wealth..the public sector.