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Austerity is working?

24

Comments

  • EchoLocation
    EchoLocation Posts: 901 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Rising prices are helping to spur economic growth.

    Hat's off to George for a well-worked 'rebalancing' of the economy there then!
  • RJP33
    RJP33 Posts: 339 Forumite
    There’s really nowhere else for the government to go other than austerity.

    Can’t do Keynesian economics since that relies on delivering surpluses in boom time and we ran a massive deficit instead leaving us in an awful position once tax revenues dropped, thanks Labour.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    RJP33 wrote: »
    There’s really nowhere else for the government to go other than austerity.

    Can’t do Keynesian economics since that relies on delivering surpluses in boom time and we ran a massive deficit instead leaving us in an awful position once tax revenues dropped, thanks Labour.
    borrowing-percent-gdp-69-14-500x370.png

    It would be nice to have surpluses from which to save for the bad times.

    What happened to RTB receipts, oil revenues, privatisation receipts, wonder how much the ERM cost us?

    Didn't something significant happen in 2008?
    "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
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Rinoa wrote: »
    Is that the same Anatole Kaletsky who said

    Yep.

    Is our current austerian Chancellor the same Mr Osborne who said, while in opposition, and in 2007 no less....

    "A Conservative government would match Labour's projected public spending totals for the next 3 years"

    I wonder how much Reuters pay him for his words of wisdom. ;)

    No idea.

    But I imagine it's less than the Chancellor earns....;)
    “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”
  • No.

    Austerity is not working, indeed what do this government define as 'austerity'? Is it paying out huge amounts for ex prime ministers funerals, funding the royal family, bailing out banks, spending on expensive conflict abroad?

    Sounds like we are not all in this together....same old tories.

    Labour had to spend a fortune to get the NHS up to scratch after years of chronic underspending when the tories were in before.
    Save £12k in 2012 no.49 £10,250/£12,000
    Save £12k in 2013 no.34 £11,800/£12,000
    'How much can you save' thread = £7,050
    Total=£29,100
    Mfi3 no. 88: Balance Jan '06 = £63,000. :mad:
    Balance 23.11.09 = £nil. :)
  • Rinoa
    Rinoa Posts: 2,701 Forumite
    Yep.

    Is our current austerian Chancellor the same Mr Osborne who said, while in opposition, and in 2007 no less....

    "A Conservative government would match Labour's projected public spending totals for the next 3 years"

    Indeed, but as Winston Churchill said:
    When the facts change, I change my mind, what do you do?
    If I don't reply to your post,
    you're probably on my ignore list.
  • OffGridLiving
    OffGridLiving Posts: 585 Forumite
    Labour had to spend a fortune to get the NHS up to scratch after years of chronic underspending when the tories were in before.

    The tragedy of that was the money went on Doctors wages and overtime rather than on infrastructure and medicine.

    It's a bit like all the money that has gone into football over the last 15 years has gone into players and agents pockets.
  • ILW
    ILW Posts: 18,333 Forumite
    No.

    Austerity is not working, indeed what do this government define as 'austerity'? Is it paying out huge amounts for ex prime ministers funerals, funding the royal family, bailing out banks, spending on expensive conflict abroad?

    Sounds like we are not all in this together....same old tories.

    Labour had to spend a fortune to get the NHS up to scratch after years of chronic underspending when the tories were in before.
    The NHS would be fine if they did not waste as much as they do.
  • C_Mababejive
    C_Mababejive Posts: 11,668 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Yes its working. The ordinary people of this country,and by this i mean the workers, are being made to pay for the actions taken by those at the top of the pile who have then retained their ill gotten gains and remained insulated from the austerity measures. In fact they continue to profit from them like carrion picking over the carcasses of the majority of people in this country by virtue of low interest rates,QE,being held in fear of their jobs,suffering suppression and erosion of their terms and conditions of employment through fear and having to spend more due to inflation of living costs.
    Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    Yes its working. The ordinary people of this country,and by this i mean the workers, are being made to pay for the actions taken by those at the top of the pile who have then retained their ill gotten gains and remained insulated from the austerity measures. In fact they continue to profit from them like carrion picking over the carcasses of the majority of people in this country by virtue of low interest rates,QE,being held in fear of their jobs,suffering suppression and erosion of their terms and conditions of employment through fear and having to spend more due to inflation of living costs.

    Changes and benefits wrought form the suffereing and sacrifice of World War eroded by greed, avarice and self interest.
    "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
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