victoria22 Posted June 7, 2010 Share Posted June 7, 2010 why dont we just stop benefits so if you dont you you dont eat and sleep on street, All those polish etc will be gone in no time, with more people working and paying tax and we start making things to sell aboard, all the problem will be sove in no time Link to comment Share on other sites More sharing options...
spinac Posted June 7, 2010 Share Posted June 7, 2010 you are conflating several separate problems/issues here banking regulation, or the lack of it, is totally separate to government borrowing. some, but by no means all, of the government debt is a result of decisions taken by the previous government to support the banks and the economy in general. this is a one off bit of debt which will be serviced and paid off at the appropriate time. the rest of the debt, is a result of government borrowing to support and enhance public services. the previous government allowed this to get out of control and the forthcoming and future budgets will address this issue. The link between over-reliance on the financial sector (and lack of banking regulation) and Labour's "tax and spend/borrow and spend" mentality is "something for nothing" thinking. Whereas the tories have shown their reluctance to tax the private sector to spend on public services and are/will be pretty quick off the mark to cut public services now, I still don't detect them making a clear enough distinction between speculation on the markets and investment in entrepreneurs - it's all free market capitalism isn't it? Well, no. Casino capitalism and long term investment in British industry are very different things. In this respect I think the Tories are just as guilty as Labour in "something for nothing" thinking. The markets are ruthlessly short term in their thinking and this does not serve the country well. I don't hear any party addressing the problems of short term thinking. Also, the answer to the country's problems does not lie in cutting public services alone. Link to comment Share on other sites More sharing options...
Longcol Posted June 7, 2010 Share Posted June 7, 2010 why dont we just stop benefits so if you dont you you dont eat and sleep on street If you don't what? Link to comment Share on other sites More sharing options...
Guest sibon Posted June 7, 2010 Share Posted June 7, 2010 If you don't what? Make sense Link to comment Share on other sites More sharing options...
Tony Posted June 8, 2010 Author Share Posted June 8, 2010 we don’t hear of French or German doom and gloom merchants predicting the end of civilisation as we know it Listen harder. the Japanese and Americans are in worse positions. Are you suggesting that we should be like them with 3rd world inner cities and unstable government? Link to comment Share on other sites More sharing options...
GordonBennet Posted June 8, 2010 Share Posted June 8, 2010 Listen harder. Are you suggesting that we should be like them with 3rd world inner cities and unstable government? Some people seem to enjoy doom mongering and scare stories, and delight in telling bad news. Sounds like you're one of them, Tony? Mind you "UK debt not really that bad" isn't a headline that would sell papers, is it? Link to comment Share on other sites More sharing options...
Tony Posted June 8, 2010 Author Share Posted June 8, 2010 Far from it. I see it as an opportunity not a threat. There is a chance to begin with a clean sheet of paper, new ideas, fresh thinking, innovation and education. The old ways didn't work did they? It's time for something new. Link to comment Share on other sites More sharing options...
spinac Posted June 8, 2010 Share Posted June 8, 2010 Far from it. I see it as an opportunity not a threat. There is a chance to begin with a clean sheet of paper, new ideas, fresh thinking, innovation and education. The old ways didn't work did they? It's time for something new. Agreed. Casino Capitalism? Massive failure. Borrow ever more now, let our children/grandchildren worry about it? Nope, the chickens have come home to roost now. Rebalance the economy so that we're not overly dependent upon one sector? Has to be done. Tax appropriately and spend within our means? Boring, painful but very necessary. There, sorted! (As long as nobody asks me to contribute or pay a bean more) Link to comment Share on other sites More sharing options...
Funky_Gibbon Posted June 8, 2010 Share Posted June 8, 2010 I think a lot of Tory MPs have not yet forgiven the Telegraph for exposing their expenses fiddling They're not going to be too pleased with their Economics Editor then http://blogs.telegraph.co.uk/finance/edmundconway/100006055/cameron-is-wrong-the-public-finances-are-better-than-we-thought/ He basically calls Cameron a liar for claiming the finances are "worse than we thought" and shows both how the finances have been public knowledge for a while and how they're actually in a better position than expected. That's not to say they're in a good position but Cameron shouldn't be scaremongering just to get people to accept whopping cuts to their standards of living. Link to comment Share on other sites More sharing options...
GordonBennet Posted June 8, 2010 Share Posted June 8, 2010 They're not going to be too pleased with their Economics Editor then http://blogs.telegraph.co.uk/finance/edmundconway/100006055/cameron-is-wrong-the-public-finances-are-better-than-we-thought/ He basically calls Cameron a liar for claiming the finances are "worse than we thought" and shows both how the finances have been public knowledge for a while and how they're actually in a better position than expected. That's not to say they're in a good position but Cameron shouldn't be scaremongering just to get people to accept whopping cuts to their standards of living. The Telegraph has changed its tune of late and is now doing everything it can to undermine the coalition government. This was the paper that outed David Laws as gay and forced a decent and honourable man to resign from his cabinet position. It's no better than the tabloids these days. Link to comment Share on other sites More sharing options...
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