ricgem2002 Posted October 20, 2012 Share Posted October 20, 2012 is this march a waste of time or a kick up the backside the government needs? http://www.bbc.co.uk/news/uk-20007496 Link to comment Share on other sites More sharing options...
Fareast Posted October 20, 2012 Share Posted October 20, 2012 How refreshing it 'll be to hear our very own Ed M. speak on austerity ! I bet he 'll tell us how M.P. 's are going to curb their expenses and freeze their salaries so they can also join the rest of us in the battle against national bankruptcy ? We might even see Lord Press-stud sell one of his jags or a couple of his houses and give the money to the starving poor-------on the other hand, we might not. The climax of this stupendous demonstration could be the arrival of good ol' Tony in a gold-plated helicopter to announce that he 's giving up all his wordly goods and joining a trappist monastry ; followed by a duet [ Gord and Tone ] singing a confession about Iraq and how they left the economy in a complete and utter shambles. " We poured billions down the drain, Vote us back and get the same ............ha ha ha....tra la la....we 're not to blame " Have a nice protest !! Link to comment Share on other sites More sharing options...
maxmaximus Posted October 20, 2012 Share Posted October 20, 2012 is this march a waste of time or a kick up the backside the government needs? http://www.bbc.co.uk/news/uk-20007496 The irony is that it will cost money to police so will result in more austerity to rake this money back. Link to comment Share on other sites More sharing options...
SevenRivers Posted October 20, 2012 Share Posted October 20, 2012 Can't be that hard up if they can afford to go day tripping in London. Link to comment Share on other sites More sharing options...
Vague_Boy Posted October 20, 2012 Share Posted October 20, 2012 ....or a kick up the backside the government needs? The UK’s budget deficit - rising not falling UK government borrowing higher than expected UK government borrowing rises to record August high [The Guardian, September 21 2012] National debt soars as UK adjusts to 'new equilibrium' [The Guardian, Tuesday 24 January 2012 ] It seems we just can't stop borrowing money (that is when we're not creating it out of thin air with QE). We're more in debt now than ever. Now the official national debt is £1 trillion but this doesn't take into account off balance sheet debt and unfunded liabilities. What is an unfunded liability? Basically it's something the government is going to have to pay out for, but for which there is f*** all money. £5 trillion of f*** all money in the case of state pensions The £5 TRILLION burden of state sector pensions: Laid bare for the first time, £180,000 bill facing every family in Britain Those people are out there now. They're going to retire. Unless we introduce some kind of Logan's Run style "death at 65" system, they're going to want a pension. Austerity won't deal with liabilities this big, but then again, neither will spending our way out. You can't fix a problem caused in part by too much borrowing and money creation by more borrowing and creating "funny money" out of thin air. The solution? See my current sig below. Link to comment Share on other sites More sharing options...
truman Posted October 20, 2012 Share Posted October 20, 2012 UK government borrowing higher than expected . http://www.bbc.co.uk/news/business-20002050 The Beeb says different...see 3rd paragraph........ Link to comment Share on other sites More sharing options...
Dereck_Webb Posted October 20, 2012 Share Posted October 20, 2012 Should be a nice day out for the wealthy members of the liberal left. If I could afford to go, I think I'd join them and protest about being poor Link to comment Share on other sites More sharing options...
I1L2T3 Posted October 20, 2012 Share Posted October 20, 2012 http://www.bbc.co.uk/news/business-20002050 The Beeb says different...see 3rd paragraph........ It's just not as bad as thought but still pretty bad. We're still in very deep trouble and Osborne has completely missed his own targets. As the article you link to states we've had three quarters of economic contraction and underlying borrowing is increasing. Osborne claiming credit is like an arsonist half buring down a house then trying to claim credit for calling the fire brigade. Link to comment Share on other sites More sharing options...
Anna Glypta Posted October 20, 2012 Share Posted October 20, 2012 Osborne claiming credit is like an arsonist half buring down a house then trying to claim credit for calling the fire brigade. But as the arsonist was Gordon Brown someone has to put the fire out. Link to comment Share on other sites More sharing options...
I1L2T3 Posted October 20, 2012 Share Posted October 20, 2012 But as the arsonist was Gordon Brown someone has to put the fire out. Nah, Osborne threw petrol on the flames. Link to comment Share on other sites More sharing options...
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