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The Debt Myths by Osbourne


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Haha, nice try.

 

You see it's not just about what people will pay you but also about what you can leverage. Maybe release some equity, maybe use it to fund a nice lifestyle, maybe get a property abroad, maybe pay school fees etc...

 

This is the thing. The debt frenzy may have happened under Labour but core Tory voters will have been active participants in their millions. Hardly a peep out of the Tories in opposition - they knew that Daily Mail readers, especially the older ones actually liked what was happening.

 

To rail against it now is hypocritical in the extreme.

 

Yep this pretty much sums it up. Prior to the crash George Osborne was complaining about too much regulation of financial institutions.

http://www.leftfootforward.org/2010/03/osbornes-hypocrisy-on-financial-regulation/

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All the crap we are being fed regarding the national debt. Hear the real truth in Osbourne's own words. Just click onto ste below.

 

Subject: Finally! The IMF, OECD & even #Osborne admits the last Govt

didn't cause the deficit or overspend. | Scoop.it

 

http://www.scoop.it/t/​deficit-myth

 

 

Finally! The IMF, OECD & even #Osborne admits the last Govt didn't cause the deficit or overspend.

http://www.scoop.it

Banking Crises Deniers

 

 

 

The truth isn't popular amongst the Daily Liar / Sun readers on here.;)

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................and the banking failures were inevitable with the Labour government's lax regulatory system allowing them to operate unfettered. The banks provided 25% of the Labour government's income. Brown couldn't get enough of it. When it stopped Labour didn't stop spending, they just started borrowing. THAT is the cause of our current problems.

 

The way I see it is that the last Labour government were deliberatley soft on the "city", they allowed the city to flurish to pay for the public sector and welfare system that Labour were building up, keeping both those at the bottom and the top of society happy...it was a formula that seemed to work, Blair won election after election, and perhaps it could have continued if not for "international events" cocking it all up.

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Haha, nice try.

 

You see it's not just about what people will pay you but also about what you can leverage. Maybe release some equity, maybe use it to fund a nice lifestyle, maybe get a property abroad, maybe pay school fees etc...

 

This is the thing. The debt frenzy may have happened under Labour but core Tory voters will have been active participants in their millions. Hardly a peep out of the Tories in opposition - they knew that Daily Mail readers, especially the older ones actually liked what was happening.

 

To rail against it now is hypocritical in the extreme.

:)

 

It's not hypocritical at all. You're casually mixing up individual positions and opinions with the collective vote of twenty million people.

 

What really happened is that a government allowed... nay positively encouraged the collective overstretching of a nation. They did this because it masked their own profligacy.

 

As Brian said; you're all individuals.

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