Austerity for 10 years as no 'quick fix' for Britain, Reform warns

geneer

chucknorris wrote: »

Don't be so dramatic it's a downturn/recession (yes I know we are not technically in a recession), get used to it, the economy is cyclical and it will probably happen again twice more in your lifetime. I sometimes wonder how people like you would cope if they had to live through world war 1 or world war 2 (now that would have been a real problem).

Is it not working out very well for you geneer, sorry to hear that.

What on earth are you taking about chuck?
Do you think that being forced to acknowledge the serious nature of the financial turmoil the global economy finds itself in negates the fallacious nature of your previous trolling attempt at "celebration"?

I can't say it does really.

geneer

kabayiri wrote: »

Okay, so 10 years then to fix things.

Around 15 years in all.
The last "down" cycle in the 90's lasted approx 5 years.

But its not a world war so thats ok.

geneer

Going4TheDream wrote: »

People helped each other, everyone was trying to do their bit, Today it seems much more of a case of 'Im all right Jack' and sod anyone else

The bulls exist in the same economy as the rest of us.
They are employed in the same economy as the rest of us.
They are paid in the same economy as the rest of us.
They are saving in the same economy as the rest of us.
Their pensions are in the same economy as the rest of us.
They rely on the same public services as the rest of us.


They might choose to "accentuate the positive" in their desperate scrabble for a post-game fall back position. But when it comes to the point that they are seen to be celebrating aspects of serious international financial problems, the cross eyed nature of their posturing becomes all too transparent.

chucknorris

geneer wrote: »

What on earth are you taking about chuck?
Do you think that being forced to acknowledge the serious nature of the financial turmoil the global economy finds itself in negates the fallacious nature of your previous trolling attempt at "celebration"?

I can't say it does really.

Who's celebrating? Your assumption of a celebration is incorrect, actually as every year passes the value of my cash savings are getting nearer to the value of my mortgages, (at which point there is no advantage). However as they are currently approx 200k short of that, it was merely a recognition of a silver lining (rather than a celebration, no champagne corks popping here)

chucknorris

Going4TheDream wrote: »

People helped each other, everyone was trying to do their bit, Today it seems much more of a case of 'Im all right Jack' and sod anyone else

Thats not my attitude which is why I give up one day a week to do voluntary work (as well as donating money to charity regularly, in fact on a direct debit basis).

Thrugelmir

paulmapp8306 wrote: »

If you get away from borrowing, where is the money to support the economy coming from?

Increased taxation and/or a reduction in Government spend.

Consumers will need to reduce indebtedness.

Companies and businesses need to invest in productive assets.

The days of making money with money are gone.

Party's over. Time to clear up and move on.

Going4TheDream

chucknorris wrote: »

Thats not my attitude which is why I give up one day a week to do voluntary work (as well as donating money to charity regularly, in fact on a direct debit basis).

And perhaps that is what we could do more of in this day and age?

We seem to have lost the sense of community/good spiritedness that probably helped a lot of people through times like the war.

Today it seems people are bothered by what they own or how much it is worth often taking great pleasure in others misfortune?

geneer

chucknorris wrote: »

Who's celebrating? Your assumption of a celebration is incorrect, actually as every year passes the value of my cash savings are getting nearer to the value of my mortgages, (at which point there is no advantage). However as they are currently approx 200k short of that, it was merely a recognition of a silver lining (rather than a celebration, no champagne corks popping here)

You were celebrating the continuation of emergency base rates.
Right here..http://forums.moneysavingexpert.com/showpost.php?p=48735551&postcount=4..:D

Though you've clearly been forced to have a bit of a rethink on how you spin it.

ILW

What does austerity mean to most?
If it means going back to a lifestyle of 20 or 30 years age, that would not be that harsh, would it?

I can live without designer jeans at £150 a pair.

chucknorris

Going4TheDream wrote: »

And perhaps that is what we could do more of in this day and age?

We seem to have lost the sense of community/good spiritedness that probably helped a lot of people through times like the war.

Today it seems people are bothered by what they own or how much it is worth often taking great pleasure in others misfortune?

I think if it ever come to it (hope it doesn't of course) we would see that empathy again as people got some perspective about what actually matters.

Money only matters if everything else is in harmony. i.e. health, family and my dog (you might laugh but my dog means the world to me).