I1L2T3 Posted November 3, 2011 Share Posted November 3, 2011 You are probably right and we do need to borrow a bit more, but the sad fact of the situation is that we can't, contagion is undoubtedly coming to the EU soon and it's imperative that we don't get caught up in it. We do have to be careful what be borrow. I think if we were borrowing for short-run growth boosts like Brown/Darling did (e.g. by creating hundreds of thousands of fixed contract civil service jobs) then the markets would look very dimly on that now and rightly so - that policy had it's place at the time but would be totally wrong now. It won't work again. I think Osborne is right on that one at least. What I would like to see is necessarily big cuts to services where it is obvious there is a lot of dead wood but not the wild and indiscriminate axe wielding we have now. And I think we will find that deficit reduction over two parliaments was the most realistic target. With a clear plan for finding efficiencies there is no problem with borrowing for long-term major projects that will deliver ongoing benefits for many years - I think the markets would be very receptive to that. Osborne only delivered half the plan we needed and the bit he did deliver was so badly screwed up it isn't funny. Link to comment Share on other sites More sharing options...
llamatron Posted November 4, 2011 Share Posted November 4, 2011 We were growing until Osborne got hold of the economy. His actions are making our meltdown worse - there aren't many economists who disagree with that right now. He hopes continued tight fiscal policy will deliver massive deficit reduction that can be followed by a boom that will help deliver conservative victory. I think his experiment is going to not quite come out as he expects. Only if you call spending more on your credit card growing Link to comment Share on other sites More sharing options...
I1L2T3 Posted November 4, 2011 Share Posted November 4, 2011 Only if you call spending more on your credit card growing I see. Can you tell me what kind of credit card the government has. Is it Visa, Mastercard or American Express. Don't say Solo Link to comment Share on other sites More sharing options...
borderline Posted November 4, 2011 Share Posted November 4, 2011 100 Economists tell George he's wrong !! that gives me full confidence that he is right Link to comment Share on other sites More sharing options...
TeaFan Posted November 4, 2011 Share Posted November 4, 2011 George Osborne is a cockosaurus but let's be honest, economists are little better than fortune tellers. Link to comment Share on other sites More sharing options...
I1L2T3 Posted November 4, 2011 Share Posted November 4, 2011 100 Economists tell George he's wrong !! that gives me full confidence that he is right The problem is there was another letter by a load of economists supporting him recently. So does that mean he's wrong? Link to comment Share on other sites More sharing options...
Rich Posted November 4, 2011 Share Posted November 4, 2011 No joke but a war is an option. War is NEVER an "option"! Link to comment Share on other sites More sharing options...
JFKvsNixon Posted November 4, 2011 Share Posted November 4, 2011 War is NEVER an "option"! Do you think that the Rebel Alliance could have brought down the might of the Empire if they didn't resort to violence? Link to comment Share on other sites More sharing options...
Rich Posted November 4, 2011 Share Posted November 4, 2011 Do you think that the Rebel Alliance could have brought down the might of the Empire if they didn't resort to violence? Don't be daft, that was a trilogy of movies for a start! Link to comment Share on other sites More sharing options...
I1L2T3 Posted November 4, 2011 Share Posted November 4, 2011 War is NEVER an "option"! I'm not saying it is a good option. Link to comment Share on other sites More sharing options...
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