We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Austerity

1235

Comments

  • gadgetmind
    gadgetmind Posts: 11,130 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    HAMISH_MCTAVISH wrote: »
    When even the biggest 'bond vigilante' of them all is telling you to change course and spend more, it's probably time to listen....

    Or to wonder what said vigilante'a agenda is and whether it coincides with the best interests of the UK or not.
    I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.

    Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
  • Devon_Sailor
    Devon_Sailor Posts: 307 Forumite
    Part of the Furniture Name Dropper Combo Breaker
    An excellent piece in today's Telegraph. Overall figure for cut in Public spending 2010-2017 just 2.7%.

    http://www.telegraph.co.uk/finance/comment/10013370/Keynesians-are-wrong-because-George-Osbornes-cuts-are-actually-very-modest.html

    That is an economic insignificance.........

    So much for too far, too fast. It needs much more, much more quickly!

    DS
  • lemonjelly
    lemonjelly Posts: 8,014 Forumite
    1,000 Posts Combo Breaker Mortgage-free Glee!
    Labour left office with net debt at 57.1%. Net debt is now up to 75.4% of GDP, from when George Osborne took office.
    It's getting harder & harder to keep the government in the manner to which they have become accustomed.
  • Devon_Sailor
    Devon_Sailor Posts: 307 Forumite
    Part of the Furniture Name Dropper Combo Breaker
    lemonjelly wrote: »
    Labour left office with net debt at 57.1%. Net debt is now up to 75.4% of GDP, from when George Osborne took office.

    So surely then you agree that there has not been enough proper targetted cutting of Govnt expenditure?

    DS
  • lemonjelly
    lemonjelly Posts: 8,014 Forumite
    1,000 Posts Combo Breaker Mortgage-free Glee!
    Not at all. I feel that with no growth, the so-called strategy is doomed to failure.

    In addition, I think the revisionist arguement of the coalition that they are the ones to be trusted with the economy, & the bad labour people can't manage appears to be somewhat false given that the figures are worse now, after 3 years, than they were when the current government forced their way in.
    It's getting harder & harder to keep the government in the manner to which they have become accustomed.
  • Devon_Sailor
    Devon_Sailor Posts: 307 Forumite
    Part of the Furniture Name Dropper Combo Breaker
    lemonjelly wrote: »
    Not at all. I feel that with no growth, the so-called strategy is doomed to failure.

    In addition, I think the revisionist arguement of the coalition that they are the ones to be trusted with the economy, & the bad labour people can't manage appears to be somewhat false given that the figures are worse now, after 3 years, than they were when the current government forced their way in.

    Ok... so what is your answer? Earlier the thread debunked the argument that the Coalition are actually practising austerity.

    You then point out that Govt debt is up and on the rise.

    Which way do you go? Properly cut more, to make the budget deficit smaller, or borrow more to balloon the debt?

    Easy pot shots like "its not working" sound very hollow when no alternative course is suggested.....

    Regards,

    DS
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    Devon_Sailor wrote: »
    Ok... so what is your answer? Earlier the thread debunked the argument that the Coalition are actually practising austerity.

    You then point out that Govt debt is up and on the rise.

    Which way do you go? Properly cut more, to make the budget deficit smaller, or borrow more to balloon the debt?

    Easy pot shots like "its not working" sound very hollow when no alternative course is suggested.....

    Regards,

    DS

    With our current economic set up we are dependent on growth. Neither will work unless we radically rethinkwhat sort of society we want going forward.
    "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 Muruganantham
  • Devon_Sailor
    Devon_Sailor Posts: 307 Forumite
    Part of the Furniture Name Dropper Combo Breaker
    grizzly1911 wrote: »
    With our current economic set up we are dependent on growth. Neither will work unless we radically rethinkwhat sort of society we want going forward.

    That's an interesting thought and one which I would be interested in hearing you expand on - what sort of society do you think we should go forward with Grizzly? (genuine question - not a sarcastic on! :rotfl:)

    Surely whichever way we go, the economic reality that we are now boxed into dictates that one, or the other, HAS to be followed at some point, to start tipping the scales. Otherwise we are in a permanent limbo, neither reducing our debt, nor decreasing our (unafordable) central Govt stepnding?

    Regards,

    DS
  • lvader
    lvader Posts: 2,579 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    The reason for austerity isn't growth, it's simply an attempt to stop robbing from future generations.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    lvader wrote: »
    The reason for austerity isn't growth, it's simply an attempt to stop robbing from future generations.


    real austerity would cause the sort of unemployment figures that are seem in southern Europe.


    it's not clear how such high levels of unemployment will help 'stop robbing from future generations' as the young are the future generation.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245.1K Work, Benefits & Business
  • 600.7K Mortgages, Homes & Bills
  • 177.4K Life & Family
  • 258.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture