FORUMS > The Sin Bin > It's a Double dip |
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7384_1394882426.png [url=http://www.bbc.co.uk/sport/0/rugby-league/14252202:io879g1y]2005 Challenge Cup[/url:io879g1y]
To reconcile respect with practicality, what is the optimum speed for a hearse?:d7dc4b20b2c2dd7b76ac6eac29d5604e_7384.png |
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| Quote: Anakin Skywalker "I can not see how anyone would be so thick as to not see this coming.
Lay off/reduce the income of millions and there is no way an economy is going to head anyway but down.
Gideon maybe a lot of things but I dont think he is thick which leads to option 2.
He is upperclass slime and doesn't give a monkies about the plebs as long as him and his mates do ok.'"
I'm not convinced that he isn't thick tbh
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Rank | Posts | Team |
Player Coach | 14302 | No Team Selected |
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Aug 2005 | 19 years | |
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17123_1311448581.jpg If you only knew the POWER of the dark side.:d7dc4b20b2c2dd7b76ac6eac29d5604e_17123.jpg |
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| Quote: Chris28 "I'm not convinced that he isn't thick tbh'"
No one can be THAT thick surely?
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2051.jpg The older I get, the better I was
Advice is what we seek when we already know the answer - but wish we didn't
I'd rather have a full bottle in front of me than a full-frontal lobotomy
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kirkstaller wrote: "All DNA shows is that we have a common creator."
cod'ead wrote: "I have just snotted weissbier all over my keyboard & screen"
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"No amount of cajolery, and no attempts at ethical or social seduction, can eradicate from my heart a deep burning hatred for the Tory Party. So far as I am concerned they are lower than vermin." - Aneurin Bevan:2051.jpg |
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| Quote: Anakin Skywalker "No one can be THAT thick surely?
He managed GCSE maths, that's the closest to any financial qualifications although even then the rumour is it was a 'D' grade
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International Chairman | 14845 | No Team Selected |
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Dec 2001 | 23 years | |
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143_1357419061.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_143.jpg |
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| Quote: Mintball "We had lower national debt than Germany (and other countries drawn into the crisis) at the time.
This is a fact.
In 2008-09, the deficit was lower than it had been since before 1979.
That is a fact.
Worrying about national debt as percentage of national income is simplistic
So what. Fact is we had a disproportionate, unaffordable banking sector which needed bailing out. Fact is we had huge household debts.
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Rank | Posts | Team |
Club Owner | 17898 | |
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Oct 2003 | 21 years | |
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Mar 2020 | Aug 2019 | LINK |
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7384_1394882426.png [url=http://www.bbc.co.uk/sport/0/rugby-league/14252202:io879g1y]2005 Challenge Cup[/url:io879g1y]
To reconcile respect with practicality, what is the optimum speed for a hearse?:d7dc4b20b2c2dd7b76ac6eac29d5604e_7384.png |
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| Quote: Dally "So what. Fact is we had a disproportionate, unaffordable banking sector which needed bailing out.'"
A private (if regulated) industry bailed out by the public purse. So, the cause of the increase to the "lower" deficit, rather than other "ludicrous" public spending?
How many other private companies have been bailed out by government/the public? How many haven't?
And people wonder why bankers are hated.
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Moderator | 36786 | |
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Jul 2003 | 21 years | |
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6505_1460484023.jpg [i:10za56ci]Hold on to me baby, his bony hands will do you no harm
It said in the cards, we lost our souls to the Nameless One[/i:10za56ci]:d7dc4b20b2c2dd7b76ac6eac29d5604e_6505.jpg |
Moderator
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| Quote: Anakin Skywalker "No one can be THAT thick surely?
Have you checked out his educational achievements and relevant experience for the job? Laughable. And remember that this is the guy who was saying that we should be emulating the Irish economic model just before it sank without trace.
Mind you, my personal opinion is that both of your options apply.
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Rank | Posts | Team |
Player Coach | 14302 | No Team Selected |
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Aug 2005 | 19 years | |
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Sep 2018 | Sep 2015 | LINK |
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17123_1311448581.jpg If you only knew the POWER of the dark side.:d7dc4b20b2c2dd7b76ac6eac29d5604e_17123.jpg |
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| Quote: cod'ead "He managed GCSE maths, that's the closest to any financial qualifications although even then the rumour is it was a 'D' grade'"
I only managed D in maths and an E in economics and I still find it pretty obvious
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International Chairman | 14845 | No Team Selected |
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143_1357419061.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_143.jpg |
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| Quote: Chris28 "A private (if regulated) industry bailed out by the public purse. So, the cause of the increase to the "lower" deficit, rather than other "ludicrous" public spending?
How many other private companies have been bailed out by government/the public? How many haven't?
And people wonder why bankers are hated.'"
Just the same as the car industry, British Steel, etc pre-Thatcher.
The big banks had to be bailed out, sadly. However, that was no excuse for not winding up the likes of Northern Rock. The government should split (not just ring-fence) retail and investment banking. Mortgage lending should be more tightly regulateed - already we're creeping back to high LTV, which is ridiculous.
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Rank | Posts | Team |
Club Coach | 16260 | |
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Oct 2004 | 20 years | |
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Sep 2024 | Sep 2024 | LINK |
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10289_1326111229.png Challenge Cup winners 2009 2010 2012 2019
League Leaders 2011 2016:d7dc4b20b2c2dd7b76ac6eac29d5604e_10289.png |
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| Quote: Mintball "
In 2008-09, the deficit was lower than it had been since before 1979.
That is a fact.
'"
Thats an exaggeration but you are correct that what the Tories often tell us that Labour made the deficit the worst its ever been etc, is wrong. The figure usually used as the 'deficit' is net borrowing, which is the second column on the table below (taken from the HM Treasury pocket databank
The other relevant figure here is the first column, "current budget" which is government revenue minus government spending on 'current spend' rather than 'capital spend', the difference being current spend is stuff like public sector wages, capital spend is costs of investment in infrastructure. This is relevant because it gives a guide as to the sustainability of the deficit. If you have a high deficit on current budget then it's unsustainable. If you have a balanced current budget and a high net borrowing figure that means you are spending more than you are receiving at the moment on capital projects, but once those capital projects are completed, the costs are done with and they should start to yield revenues in the future by increasing GDP and tax revenues (eg building roads, schools etc should improve the productive capacity of the economy).
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Rank | Posts | Team |
International Star | 138 | No Team Selected |
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Apr 2012 | 12 years | |
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Aug 2012 | Aug 2012 | LINK |
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| Quote: Dally "Right then. What would you prescribe?
As I see it to cut the unsustainable deficit and still growing debt (which HMG are currently failing to do, despite being their flagship policy) there is a combination of options
I'm not saying there should be no cuts. But not on the scale that Osbourne has introduced them. Darling's budget -bring down the deficit in an orderly fashion without too much damage. The problem the Tories have is that their measures have nothing to do with economics and everything to do with politics. The idea was to get the pain over early - then in 2014, a few tax cuts, a bit of feel good then an election in 2015. The prescription as administeed by Nigel Lawson. The fly in the oinment is that Osbourne was counting upon the Europeans to pull his chestnuts out of the fire - his solution would have worked if everyone else wasn't trying the same solution at the same time he was.
Brown tried to get the rest of the world to agree to gradual deflation. But he failed. Brown was good at the policy but bad at the politics.
The popluar wisdom is Labour caused the deficit and as far as it goes it's true because they were in power when the recession occurred. But the recession shrank the GDP and with it tax receipts, thus causing the deficit. Our public deficit has been higher in the past without all this panicking, but Clegg etc needed a fig leaf to cover reneging on their voters and the deficit was it. Cameron and Osbourne needed no fig leaf, they'd have cut regardless because that's what Tories do. Shrink the state. That's what they believe in. But the deficit gave them the ideal opportunity. Problem is, it aint working.
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Rank | Posts | Team |
International Board Member | 37704 | No Team Selected |
Joined | Service | Reputation |
May 2002 | 22 years | |
Online | Last Post | Last Page |
Aug 2018 | Aug 2018 | LINK |
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Signature |
2051.jpg The older I get, the better I was
Advice is what we seek when we already know the answer - but wish we didn't
I'd rather have a full bottle in front of me than a full-frontal lobotomy
------------------------------------------------------------------------------------------------------------
kirkstaller wrote: "All DNA shows is that we have a common creator."
cod'ead wrote: "I have just snotted weissbier all over my keyboard & screen"
------------------------------------------------------------------------------------------------------------
"No amount of cajolery, and no attempts at ethical or social seduction, can eradicate from my heart a deep burning hatred for the Tory Party. So far as I am concerned they are lower than vermin." - Aneurin Bevan:2051.jpg |
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| Quote: Anakin Skywalker "I only managed D in maths and an E in economics and I still find it pretty obvious
That's where Gideon failed at school then, he couldn't grasp economics
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Rank | Posts | Team |
Player Coach | 14302 | No Team Selected |
Joined | Service | Reputation |
Aug 2005 | 19 years | |
Online | Last Post | Last Page |
Sep 2018 | Sep 2015 | LINK |
Milestone Posts |
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Milestone Years |
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Location |
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Signature |
17123_1311448581.jpg If you only knew the POWER of the dark side.:d7dc4b20b2c2dd7b76ac6eac29d5604e_17123.jpg |
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Rank | Posts | Team |
International Board Member | 37704 | No Team Selected |
Joined | Service | Reputation |
May 2002 | 22 years | |
Online | Last Post | Last Page |
Aug 2018 | Aug 2018 | LINK |
Milestone Posts |
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Milestone Years |
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Location |
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Signature |
2051.jpg The older I get, the better I was
Advice is what we seek when we already know the answer - but wish we didn't
I'd rather have a full bottle in front of me than a full-frontal lobotomy
------------------------------------------------------------------------------------------------------------
kirkstaller wrote: "All DNA shows is that we have a common creator."
cod'ead wrote: "I have just snotted weissbier all over my keyboard & screen"
------------------------------------------------------------------------------------------------------------
"No amount of cajolery, and no attempts at ethical or social seduction, can eradicate from my heart a deep burning hatred for the Tory Party. So far as I am concerned they are lower than vermin." - Aneurin Bevan:2051.jpg |
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| rlMehdi Hassan's take on the double diprl. Sums it up perfectly for mine
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Rank | Posts | Team |
Club Coach | 16260 | |
Joined | Service | Reputation |
Oct 2004 | 20 years | |
Online | Last Post | Last Page |
Sep 2024 | Sep 2024 | LINK |
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10289_1326111229.png Challenge Cup winners 2009 2010 2012 2019
League Leaders 2011 2016:d7dc4b20b2c2dd7b76ac6eac29d5604e_10289.png |
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The Chancellor doesn't need to be an economics graduate if he has the right people around him, however Osborne has surrounded himself with a cabal of 20something year old socialites from upper class backgrounds that are his 'special advisors':
whoknowswho.channel4.com/schools ... y_advisers
There's no way these kids who have no real lifetime experience of the real world are the best and most experienced people for a job at this level, they have just networked their way into jobs which will look great on their CV and are totally out of their depth directing a country's economic policy in such difficult circumstances.
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The Chancellor doesn't need to be an economics graduate if he has the right people around him, however Osborne has surrounded himself with a cabal of 20something year old socialites from upper class backgrounds that are his 'special advisors':
whoknowswho.channel4.com/schools ... y_advisers
There's no way these kids who have no real lifetime experience of the real world are the best and most experienced people for a job at this level, they have just networked their way into jobs which will look great on their CV and are totally out of their depth directing a country's economic policy in such difficult circumstances.
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Rank | Posts | Team |
International Star | 148 | No Team Selected |
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Sep 2010 | 14 years | |
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Jan 2015 | Jan 2015 | LINK |
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icons39ad_files/4785-1859san_c-msnicons.jpg :icons39ad_files/4785-1859san_c-msnicons.jpg |
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| For Gods Sake give Dennis Skinner a chance or the new guy John Mann
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