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Labour: Borrow more now, Spend more now, Cut more later

245

Comments

  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    HAMISH_MCTAVISH wrote: »
    Labour would spend too much money on the wrong things.

    The Tories don't spend enough on the right things.

    Difficult to say which one is worse. They're both wrong.

    Fair enough. So I assume you could define the right path?

    Looking at the US and EU, is anyone taking your path?
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    HAMISH_MCTAVISH wrote: »
    Labour would spend too much money on the wrong things.

    The Tories don't spend enough on the right things.

    Difficult to say which one is worse. They're both wrong.
    They both have heir own agendas. Shame people don't understand what the agendas are.
  • Emy1501
    Emy1501 Posts: 1,798 Forumite
    Nothing wrong with idea as long as they have a credible plan which markets will happily on until the plan pays off. Problem is I doubt any of the parties have a credible plan for future growth so going along with the plan which the markets like is probably best option for the time being
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Graham_Devon wrote: »
    Fair enough. So I assume you could define the right path?

    The right path isn't difficult to define.

    It's difficult to do it and get re-elected though.
    Looking at the US and EU, is anyone taking your path?

    Nope.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • nickj_2
    nickj_2 Posts: 7,052 Forumite
    isn't that what got us into this mess in the first place ?
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    HAMISH_MCTAVISH wrote: »
    The right path isn't difficult to define.

    It's difficult to do it and get re-elected though.

    Nope.

    So what is the right path that no country has opted to go down?
  • heathcote123
    heathcote123 Posts: 1,133 Forumite
    HAMISH_MCTAVISH wrote: »
    The right path isn't difficult to define.

    It's difficult to do it and get re-elected though.



    Nope.


    I thought you were a 'borrow lots of money and do big infrastructure projects' kind of guy? (a bit like the labour guy in the op)
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    What happened to the 100 year government bond idea?

    When borrowing costs are at an all time low isn't that a good time to borrow? The government have an opportunity to improve the economy now with cheap money and if they invest correctly the measures they take could be benefitting the UK in a 100 years.

    The alternative is to divert spending from unproductive parts of the economy to those that deliver growth. Doubt many pensioners, benefit claimants or charities would be supportive though.
  • Wookster
    Wookster Posts: 3,795 Forumite
    chucky wrote: »
    They both have heir own agendas. Shame people don't understand what the agendas are.

    Out on day release eh chucky?

    Seeing as you're the only enlightened one why enlighten the rest of us.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Emy1501 wrote: »
    Nothing wrong with idea as long as they have a credible plan which markets will happily on until the plan pays off. Problem is I doubt any of the parties have a credible plan for future growth so going along with the plan which the markets like is probably best option for the time being

    No party is willing to speak about the consumer debt issue. This will hold back the "real" recovery for some time.
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