Shameless labour

blueboy43

ILW wrote: »

But the cuts will start towards reducing borrowing, without cuts the defecit and the debt will just keep on increasing. It is unsustainable in the medium or long term. Can you not see that?

Why ignore the fact that economic growth will play a much larger part in eliminating the deficit than spending cuts or tax rises ?

The coalition has not made any reforms as yet to stimulate the economy, and in the short to medium term everything they have so far done will actually depress growth.

Without growth, no amount of spending cuts will reduce the deficit.

Can you not see that ?

blueboy43

Jennifer_Jane wrote: »

Don't know if this is true or not - after all it is from The Daily Mail, but apparently Ed Balls mugged up (I use this phrase advisedly) for his Shadow Home Secretary role by reading crime novels.

http://www.dailymail.co.uk/news/article-1351825/Ed-Balls-novel-approach-political-research-frontbench-role.html

I'm just not seeing an adequate, let alone, great shadow government with this lot. Which is not good for the Country.

It's the Daily Mail !!!!!!.

However for gullible tories, here is the actual quote (from the Times)

"It was great to have the job of Shadow Home Secretary. I learnt how to take part on eBay, I downloaded my first album on iTunes, I read the Red Riding Quartet [crime novels] in a week and a half. This is more stressful”.

Why not go the whole hog and claim he mugged up on the job by downloading The defamation of Strickland Banks to understand south london gun crime.

ILW

blueboy43 wrote: »

Why ignore the fact that economic growth will play a much larger part in eliminating the deficit than spending cuts or tax rises ?

The coalition has not made any reforms as yet to stimulate the economy, and in the short to medium term everything they have so far done will actually depress growth.

Without growth, no amount of spending cuts will reduce the deficit.

Can you not see that ?

Growth will come from freeing up businesses to make things happen. (Less regulation, less red tape, lower corporate taxes etc.) Bunging billions at the public sector is what has been happening over the last decade and is part of the reason for the state we are in.

diable

I have learnt a few lessons in the past few years from the Government and petrol price rises VAT rises etc don't faze me as I now look for ways to haggle the price down not to pay VAT and to avoid tax. Maybe I should be a MP.

Rochdale_Pioneers

ILW wrote: »

Growth will come from freeing up businesses to make things happen. (Less regulation, less red tape, lower corporate taxes etc.) Bunging billions at the public sector is what has been happening over the last decade and is part of the reason for the state we are in.

Thats nice. And at a time when the economy isn't on its knees - and our trading partners aren't similar - you may even have a point. Except that isn't "less regulation, less red tape" what Gordon Brown did wrong according to the Tories? You're not suggesting that Tories - when they called Brown "the great regulator" and demanded further deregulation of the city - were actually calling for less regulation? because according to Osborne when he said "less regulation" what he actually wanted was "more regulation"

And now? Your free market theories don't work. The private sector is in no shape to grow anything much, which is why we just entered another recession. Or hadn't you noticed.

BACKFRMTHEEDGE

Jennifer_Jane wrote: »

Don't know if this is true or not - after all it is from The Daily Mail, but apparently Ed Balls mugged up (I use this phrase advisedly) for his Shadow Home Secretary role by reading crime novels.

http://www.dailymail.co.uk/news/article-1351825/Ed-Balls-novel-approach-political-research-frontbench-role.html

I'm just not seeing an adequate, let alone, great shadow government with this lot. Which is not good for the Country.

Really? This is from Wikipedia.

Educated at Oxford University, where he gained a first class degree in PPE, and Harvard where he was a Kennedy Scholar, he specialised in Economics. Balls worked as a leader writer for the Financial Times.

Seems qualified to me. You really should read something other than the Daily Mail maybe?


And this is George

Osborne was educated at two independent schools in west London: at Norland Place School in Holland Park and St Paul's School in Barnes (near Hammersmith),[10] followed by a Bachelor's degree at Magdalen College at the University of Oxford[2] where he received a 2:1 in Modern History.[7]

I think a first in economics trumps a lowly 2:1 in history

and this is George's work history

Osborne's first job was to provide data entry services to the National Health Service to record the names of people who had died in London.[13] He also briefly worked for Selfridges. He originally intended to pursue a career in journalism, but instead got a job at Conservative Central Office.[13]

I've seen kids with better work experience frankly!

BACKFRMTHEEDGE

ILW wrote: »

Can none of the labour supporters actually come up with an answer as to where the money will come from to keep on increasing spending over income?

You are missing the point. If the Tories put us into recession we will end up owing MORE MONEY than we would have done under Labour's plans.

I repeat - IF WE GO INTO RECESSION WE WILL HAVE TO BORROW MORE THAN WE WOULD HAVE DONE UNDER LABOUR'S SPENDING PLANS.

Why do you find this so difficult to understand?!

BACKFRMTHEEDGE

Graham_Devon wrote: »

Can I ask a question? Where would the money come from to provide labour with the ability to cut less?

Cutting less would have meant we didn't go into a recession. In a recession the government receive less tax and pays out more unemployment benefit, therefore they have LESS money to pay back the public debt.

Under the Tory led coalition we will end up owing MORE not less.

BACKFRMTHEEDGE

ILW wrote: »

But the cuts will start towards reducing borrowing, without cuts the defecit and the debt will just keep on increasing. It is unsustainable in the medium or long term. Can you not see that?

IF WE GO INTO RECESSION WE WILL HAVE TO BORROW MORE THAN WE WOULD HAVE DONE UNDER LABOUR'S SPENDING PLANS.

Under the Tories our debts will be bigger!!!!

BACKFRMTHEEDGE

blueboy43 wrote: »

Why ignore the fact that economic growth will play a much larger part in eliminating the deficit than spending cuts or tax rises ?

The coalition has not made any reforms as yet to stimulate the economy, and in the short to medium term everything they have so far done will actually depress growth.

Without growth, no amount of spending cuts will reduce the deficit.

Can you not see that ?

Indeed, and the bond market wants Economic Growth more than it wants to see the deficit falling!

The quickest way to a bond crisis is to put the UK into another recession.