Jason Bourne Posted May 25, 2012 Share Posted May 25, 2012 The weather is too nice for me to trawl through 17 pages of this topic, but I will say this: These 'rules' designed to (ho, ho) help the economy, are simply an excuse to sack highly-paid 'natives' and replace them with lower-paid immigrants. Which will help the economy somewhat... Link to comment Share on other sites More sharing options...
Jeffrey Shaw Posted May 25, 2012 Share Posted May 25, 2012 the public sector will be decimated What, reduced by 10%? Yes, that sounds about right. Link to comment Share on other sites More sharing options...
Jim Graham Posted May 25, 2012 Share Posted May 25, 2012 Go too far in one direction we will have problems. Too far in the other direction problems too. It's about a balance and every country strives to achieve the balance that suits it best. Like I said most are somewhere in the centre of the spectrum. And that is reflected in the politics of the countries with the most advanced economies. Most major parties advocate an economy based on capitalist fundamentals with some socialist elements. I don't disagree but personally I think the pendulum has swung much too far towards spending on nice to have but not essential social programmes. Not enough is done to create real, sustainable wealth. Gordon, worst man for the job, Brown failed to create real wealth and resorted to encouraging the banks to be reckless because he needed the tax revenue to squander on vanity projects to prop up his waning electoral support. He reduced unemployment by employing an extra 600,000 in the public sector. Brown's was a particularly stupid brand of Socialism, just as we have in Sheffield, that spends extravagantly and actively deters any kind of wealth creation. That is why we are where we are. The problem for UK plc, and Sheffield, is that years of Labour mismanagement has created an expectation of something for nothing and it's going to be very difficult for any government trying to tackle that problem. Thatcher had the guts to try it but failed in the end. Cameron definitely doesn't have the guts. So we'll stagger on living beyond our means for a time and then it will all go horribly wrong. Link to comment Share on other sites More sharing options...
Jim Graham Posted May 25, 2012 Share Posted May 25, 2012 Whats the point of wealth creation if you dont spend it? as long as its spent wisely its all good. (spare me the the toe-curling examples of waste in recent years because I know all about it). I think you understand the point that Labour stayed in power spending money that had not been earned. It had been borrowed. That has always been Labour's problem. Their promises are always bigger than their bank balances. Link to comment Share on other sites More sharing options...
ricgem2002 Posted May 25, 2012 Share Posted May 25, 2012 I think you understand the point that Labour stayed in power spending money that had not been earned. It had been borrowed. That has always been Labour's problem. Their promises are always bigger than their bank balances. does the condems printing money equate to the same Link to comment Share on other sites More sharing options...
Cyclone Posted May 25, 2012 Share Posted May 25, 2012 If they actually printed money, then no, that just debases the currency. QE though is effectively an alternative form of borrowing which debases the currency at the same time. Link to comment Share on other sites More sharing options...
Mecky Posted May 25, 2012 Share Posted May 25, 2012 I think you understand the point that Labour stayed in power spending money that had not been earned. It had been borrowed. That has always been Labour's problem. Their promises are always bigger than their bank balances. So why is borrowing up in the last two years since the unelected Disasterous Dave seized power? Why is he still flying around the world to get people to lend money on top of that already borrowed? Link to comment Share on other sites More sharing options...
writerdeee Posted May 25, 2012 Share Posted May 25, 2012 the public sector will be decimated Yep..all the people that get paid a pittance do the middle managers job whilst they go off to Costa coffee for a "meeting"!! Link to comment Share on other sites More sharing options...
Jim Graham Posted May 25, 2012 Share Posted May 25, 2012 So why is borrowing up in the last two years since the unelected Disasterous Dave seized power? Why is he still flying around the world to get people to lend money on top of that already borrowed? Never tire of being wrong do you? Link to comment Share on other sites More sharing options...
Mecky Posted May 25, 2012 Share Posted May 25, 2012 Never tire of being wrong do you? I'd expect a better reply from someone who said he was 23 and plays video games Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.