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£16 billion in savings needs to be found
Comments
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Same place as all the money to pay for everything else.Where does the money to pay for the public sector come from then?
A restaurant dispenses food to the hungry and takes money at the till.
A Sally Army soup kitchen dispenses food to the hungry and raises the money by collecting donations.
A council (hypothetically) dispenses food to the hungry and raises money via council tax.
What's the difference? There's an issue about who pays for whose food. But let's not talk as if the restaurant owner pays for anybody's food out of his own pocket. The private sector isn't self-supporting. It's just as dependent as anybody else on getting the public to pay for it.
And let's not talk about choice. The public have choices in all three cases. The only difference in the council case is that they have to make collective decisions rather than individual decisions. Is that so hateful?"It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
They should just cut tax credits. Why pay people to breed when the world is already overcrowded. Families don't get a payrise from their work when they have a child, neither should those who rely on benefits.0
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This is the whole story. Social Services make cuts, but then there are more (unbudgeted) bed-blockers in hospitals. Even if the government saves money overall, it just means taxpayers having to pay for more things out of their own pockets. Nobody wins.
It's only the whole story if we assume every penny spent by the government is worthwhile. i.e. if they don't spent it then individuals have to.
There are plenty of examples where the savings are real.
My local council, on my behalf, spend significant sums on pet charity projects. If they didn't no doubt individuals would step in to make up some of the shortfall but it's their choice if they want to fund a new kit for a kids football team, or a new playpark so that chavs have somewhere to hang about.
My council also built a city centre water feature which is used to attract drunken louts on a Saturday lunchtime. If they'd not built it no-one would have stepped in i.e. a real saving.
This government however is doing as you suggest and trying to transfer essential spending back to individuals whilst keeping funds for pet projects.0 -
C_Mababejive wrote: »Hang on..didnt we just get told we were lending the IMF another $10b notes..?
But its not actual money, it's just numbers, an account created out of thin air, 10 billion there you go! The government doesn't actually have 10 billion sitting around in a bank somewhere, it just "creates" it as figures on a spreadsheet0 -
Same place as all the money to pay for everything else.
A restaurant dispenses food to the hungry and takes money at the till.
A Sally Army soup kitchen dispenses food to the hungry and raises the money by collecting donations.
A council (hypothetically) dispenses food to the hungry and raises money via council tax.
What's the difference? There's an issue about who pays for whose food. But let's not talk as if the restaurant owner pays for anybody's food out of his own pocket. The private sector isn't self-supporting. It's just as dependent as anybody else on getting the public to pay for it.
And let's not talk about choice. The public have choices in all three cases. The only difference in the council case is that they have to make collective decisions rather than individual decisions. Is that so hateful?
You did not answer the question as to where the money to pay for teh public sector comes from.0 -
This is the whole story. Social Services make cuts, but then there are more (unbudgeted) bed-blockers in hospitals. Even if the government saves money overall, it just means taxpayers having to pay for more things out of their own pockets. Nobody wins.
That's not true. If you have the money you get to spend it on things that make you happier. You win.
Across the entire economy, lower taxes mean that the vast majority of people win for the same reasons.
If you want the theory behind this Google deadweight loss.0 -
There's plenty of wasteful public spending, though that's ultimately a matter for the voters. But my question is this. Wasteful private spending is just as damaging as wasteful public spending, and if there was less of it, we'd be in better shape. What's the case for ignoring this?It's only the whole story if we assume every penny spent by the government
One of the things achieved by rationing was that people spent less on things they didn't need, leaving more money for the government to borrow. Which is why rationing continued so long after the war, when there was no longer a problem with U-boats."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
It was more wishful thinking
As in proper Govt spending cuts (double figure real terms cuts to most if not all departments), and then tax cuts where possible. I agree that the net effect at the moment of the Govt's fairly weak 'cuts' has been tax hikes.
It has absolutely nothing to do with this or any other Governments cuts. In the 30+ years I have paid tax the take has never come down it has only increased."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Isis_Black wrote: »Funny though they red to cut £16 billion when they've just given the IMF £10billion
We need to stop now and think about thus country first and get it back on its feet, stop giving money to Europe and stop giving money to the IMF
£9m on overseas aid could do with some chain saw treatment in addition to this and wars in the east."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
There's plenty of wasteful public spending, though that's ultimately a matter for the voters. But my question is this. Wasteful private spending is just as damaging as wasteful public spending, and if there was less of it, we'd be in better shape. What's the case for ignoring this?
There's a subtle difference however between choosing to waste money and being compelled to waste money via legislation.0
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