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Madmen in Authority
Comments
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"or" they don't believe in "big" government and this is their oppotunity and they only have a few years to do what they really want to do - which is to slash the public sector, whatever the cost, and whether the moment is right or not? And if that is the case why would the Lib Dems be a part of that?
They won't be, election October anyone
'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 -
Because if you were freshly elected, would you want moderate pain over the term of the election, or lots of pain at the start followed by real evidence of recovery towards the end?
Why do you think the coalition has been pushing for a fixed 5 year term?
No - I meant they are lying to the electorate about the threat being immediate. They are trying to scare people into thinking there is an immediate threat when there isn't. All they are doing is damaging confidence.If you keep doing what you've always done - you will keep getting what you've always got.0 -
for this reason i don't see the need for the cuts until there is growth in the economy.Completely agree. But I think that the government is trying to do what it thinks the bond market want - the government thinks that by imposing heavy austerity they are preempting an inevitable 'sterling crisis' or the UK 'becoming the next Greece'. Unfortunately as you say judging by gilt yields a crisis is not foreseeable in the near future, let alone inevitable.
the other scenario is that we have a forced recession that DC and NC magically get us out of and are the heroes of the day. anyone mention megalomaniacs???0 -
Want to explain why we had a deficit from 2001 onwards, and why if you strip out debt consumption out of the GDP figures, we have been in recession since 2000?
You know - we can argue all night about whether the UK had excessive debt or not prior to the financial crisis- it certainly was less than Japan, the USA, Germany and France.If you keep doing what you've always done - you will keep getting what you've always got.0 -
"or" they don't believe in "big" government and this is their oppotunity and they only have a few years to do what they really want to do - which is to slash the public sector, whatever the cost, and whether the moment is right or not? And if that is the case why would the Lib Dems be a part of that?
I think the idea of 'reshaping' government probably is sound, but now is not the right time for a Canadian-style 'bloodbath budget' - it needs to be more gradual.
The reality is that we can't afford big government without big taxes. Labour's generous public sector spending post 2001 looked sustainable because of the booming economy we had in the mid part of the last decade. It never really was, that's why we were left with a huge deficit after tax revenues dropped (and we were also running a small deficit during the boom) . Even under Labour's deficit reduction plan, all public sector spending increases since 1997 would have gone in real terms by 2018.0 -
and Labour were whiter than white obviouslyNo - I meant they are lying to the electorate about the threat being immediate. They are trying to scare people into thinking there is an immediate threat when there isn't. All they are doing is damaging confidence.
i think this government is 'doing' damage limitation (or damage repair) not damaging confidence GE 36 *MFD may 2043
MFIT-T5 #60 £136,850.30
Mortgage overpayments 2019 - £285.96
2020 Jan-£40-feb-£18.28.march-£25
Christmas savings card 2020 £20/£100
Emergency savings £100/£500
12/3/17 175lb - 06/11/2019 152lb0 -
And while you lot are arguing which political party is to blame, the real villain slips away un-noticed.
They couldn't have wished for better."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
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