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Osborne Loses It - Our Triple A Rating And Its Future
Comments
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Graham_Devon wrote: »From what I have seen on the news we've lost the rating because we haven't had enough austerity, and therefore haven't reduced the debts quick enough.
You need to change the News you watch.
Moody's have made it perfectly clear why they have made this decision.
Sometimes it is better to go to the source of the facts, rather than listening to the usual ill-informed drivel on the "news"
http://www.moodys.com/research/Moodys-downgrades-UKs-government-bond-rating-to-Aa1-from-Aaa--PR_266844'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
Really?
Sounds like they're pro-austerity to me.
http://www.moodys.com/research/Moodys-downgrades-UKs-government-bond-rating-to-Aa1-from-Aaa--PR_266844
This is the point, Osborne and Cameron have failed to deliver austerity. They have talked the talk but not walked the walk. Everyone agreed that austerity was needed but their idea of austerity has not worked. There are many ways of delivering austerity, but they have done it in a way that has failed to create growth. They have cut the public sector based on the private sector taking up the slack. But the private sector has not responded. They have given money to their friends in the banks who have not used it to support growth. They have wasted money on unnecessary reorganisation of the NHS (not saying more efficiency was not needed) again to the benefit of its friends. They have allowed wealth and income disparity to grow despite claiming we are all in this together.Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
They have allowed wealth and income disparity to grow despite claiming we are all in this together.
IMO that disparity appears to be accelerating. The middle ground is being eaten away rapidly."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 -
....and how do you know it can't be funded that way? Of course George's sums have all added up haven't they!Thrugelmir wrote: »Doesn't say much for the current opposition leader then that believes a 10p tax rate can be funded by those with houses worth over £2 million.
As for would cost each home owner £35,000 in tax every year to fund the proposal.
This man wishes to run the country. Not that's what I call deluded.........0 -
More cuts needed,
I would go for public sector pensions (yes again), as still too generous
Further council cuts (as I don't know anyone who has missed the 720,000 already made redundant).
Not so much a cut but suspend the green tax on household fuel(s) until we are growing again.
Looking at the job so far and on the whole and in comparison to Europe I think Osb has done a decent job. Having so much debt to start with was never going to be easy especially with the state of household finances.
I see the nasty party is alive and kicking. Despicable comment imo! I'm sure what you do in your job might be regarded in exactly the same way as you regard others!0 -
I see the nasty party is alive and kicking. Despicable comment imo! I'm sure what you do in your job might be regarded in exactly the same way as you regard others!
They are right. The days of getting paid to do a non job are long over. Plenty around all over the public sector still I am afraid. Not productive? Get sacked!0 -
They are right. The days of getting paid to do a non job are long over. Plenty around all over the public sector still I am afraid. Not productive? Get sacked!
Depends if they are unproductive. The vast majority are productive so removing them from the public sector means someone else will have to do the work. On the basis it is something the government deems necessary to do it will still pick up the tab.
Of those 720000 no doubt some will simply have been transferred off the government direct payroll into the private sector and their work invoiced back with a slice of profit added in for good measure. net effect zero or a slight saving for now.
Some will take early release packages and move onto pensions so we are still paying them slightly less for doing zip.
Some will find it hard to find meaning work elsewhere, perhaps the ones that are sacked and will end up being funded wholly or partly by the state.
Like pensioners you seem to think that once they are written off they will simply disappear.
And then what?"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 -
They are right. The days of getting paid to do a non job are long over. Plenty around all over the public sector still I am afraid. Not productive? Get sacked!
In most areas councils are getting rid of librarians, help desk staff, social workers, public health inspectors, childrens services etc. These are genuine economies that impact on services. While they probably represent necessary savings in the main they are not non-jobs.Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
And then what?
Hopefully they figure the error of their ways and retrain. Another example of why the government needs to pursue a 1 child policy until our population matches our available national resources.0 -
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