| FORUMS > The Sin Bin > Coalition to break? |
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| Quote: DaveO "Not this BS again. As has been pointed out to you we came out of recession in 1992 yet for 4 1/2 years the Tories still ran a deficit an order of magnitude way above anything from1 1979 to 1990. If there was no justification for Labour running one from 2001 to 2007 there wasn't one form 1992 to 1996 either.'"
So you don't accept that overspending in years 1,2, 3 and 4 will not have an effect on borrowing in years 5,6,7 and 8?
Hardly BS............ |
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| Player Coach | 1978 | No
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| Feb 2006 | 19 years | |
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| Quote: XBrettKennyX "It's quite simple.
Labour overspent. They effectively ran up an unprecidented "credit card bill".
The only sensible thing to do is to pay off this credit card bill. That unfortunately means pain.
I find it very amusing to hear Labour giving economic advice on "how fast" to cut the bill, considering they were the ones who created it! It's a bit like a compulsive gambler giving advice on how to be prudent with money.'"
Correct.
Labour don't have a plan. Their plan is simply to cut the deficit a bit slower. |
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| Quote: Ajw71 "
Labour don't have a plan. Their plan is simply to cut the deficit a bit slower.'"
which, if I'm not mistaken IS a plan... |
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The only plan they should have had was to fix the roof when the sun was shining.
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Hindsight is a wonderful thing
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| Jul 2012 | 12 years | |
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| Quote: Chris28 "Hindsight is a wonderful thing'"
Well he's got his head up his arrse there's no reason to think he won't have a pair of eyes up there too... |
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| Quote: DaveO "It is also worth adding that 201,029,000,000 is written as two hundred and one billion and twenty-nine million pounds. So shortening that to 201,029bn ought to get that across given the context unless you want to be obtuse. As I said you knew exactly what I meant.'"
No I did not know what you meant, because you did not. The fact that you continued to talk about c. 200000 / 200,000 billion without being able to see that such figures were so far out of context relative to the UK economy shows you are full of 'BS.' You would not write the figure as 201,029 but as 201.029 bn - these are very standard conventions in numeracy, ones which should have been drummed into you at about 7 years of age. You are financially, numerically and economically illiterate and now starting to look even more so with your excuses.
In future, when trying to present a point of view based on links to articles please at least try to vaguely to understand what you have read. That's the end on my comments on the subject. |
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| Quote: Dally "
In future, when trying to present a point of view based on links to articles please at least try to vaguely to understand what you have read. '"
Thats as fine a definition of irony as I've ever seen. |
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| Quote: Dally "You would not write the figure as 201,029 but as 201.029 bn - these are very standard conventions in numeracy, ones which should have been drummed into you at about 7 years of age. '"
Unless you're European.
Just pointing that out, that's all. |
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| Moderator | 14395 | No
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| Quote: Dally "No I did not know what you meant, because you did not. The fact that you continued to talk about c. 200000 / 200,000 billion without being able to see that such figures were so far out of context relative to the UK economy shows you are full of 'BS.' You would not write the figure as 201,029 but as 201.029 bn - these are very standard conventions in numeracy, ones which should have been drummed into you at about 7 years of age. You are financially, numerically and economically illiterate and now starting to look even more so with your excuses.
In future, when trying to present a point of view based on links to articles please at least try to vaguely to understand what you have read. That's the end on my comments on the subject.'"
That is rich coming from you given your daily demonstrations of being
clueless.
As to convention you demonstrate your ignorance since both comma and dot notation are valid.
It is quite plain I meant circa 200 billion. If you could not see that then you are even less bright than I thought and you were not starting from a high point on that score as it was.
Your pedantry is just a lame attempt to detract from the obvious point that was made. The fact you can't even indulge in that without the insults speaks volumes. |
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| Quote: DaveO "As to convention you demonstrate your ignorance since both comma and dot notation are valid.'"
You used neither in your rloriginal postrl. Nor in this rlfollow up postrl.
Are you still unable to see the very clear pattern in the deficit from 1991-1996? It increases during the recession, peaks the year after the recession ends and then reduces year on year after that. This pattern continues all the way to the Labour surpluses from 1998-2000.
Comparisons of this period to Labour's overspending from 2002-2007 are simply not valid as the economy was not in a comparable state. It is as meaningless a comparison as saying that Labour ran an even greater deficit for the two years 2008-2009 than in either of those six year periods. Context matters. |
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| Jul 2012 | 12 years | |
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| Quote: SBR "
Comparisons of this period to Labour's overspending from 2002-2007 are simply not valid as the economy was not in a comparable state. It is as meaningless a comparison as saying that Labour ran an even greater deficit for the two years 2008-2009 than in either of those six year periods. Context matters.'"
Quite, and I think we are all well aware of why the Labour Party needed to spend tax and borrowed money on public services during their tenure.
Those of us who have been around for a few parliaments (and I still find it hard to come to terms with the fact that there are 30 year olds who have only ever known three parliaments) will be well aware that its always been the nature of parliament to have a socialist government spend money on public services and a capitalist government cut those services to the bone in favour of tax handouts (which by their nature usually benefit the more wealthy, more).
Has always been thus, will always be thus, you might say it balances the country out nicely and that three term governments upset that balance. |
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Quote: XBrettKennyX "It's quite simple.
Labour overspent. They effectively ran up an unprecidented "credit card bill".
The only sensible thing to do is to pay off this credit card bill. That unfortunately means pain.
I find it very amusing to hear Labour giving economic advice on "how fast" to cut the bill, considering they were the ones who created it! It's a bit like a compulsive gambler giving advice on how to be prudent with money.'"
This just the straight Tory party line and a fallacy
William Keegan's view
"[i In their desperation to achieve their reform of the House of Lords they entered into a Faustian pact with the Conservatives. In the process, they allowed themselves to be frightened by the Treasury and the Bank of England into believing that the British economy's financing problems were on a par with those of Greece.
Right from the beginning a handful of commentators, including your own correspondent, tried to warn them that this was far from the case; that the British debt position was one of the strongest in the western world; and that a deficit reduction programme was a worthy goal when an economy was growing fast, but likely to delay such a recovery if embarked on prematurely."[/iThe Tories' policies are working - their purpose is to keep the !% richest rich by making the 99% poorest poorer still. The reason people think they aren't working is because fo course this is not "what it says on the tin"
www.guardian.co.uk/business/2012 ... d-be-fired |
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Quote: XBrettKennyX "It's quite simple.
Labour overspent. They effectively ran up an unprecidented "credit card bill".
The only sensible thing to do is to pay off this credit card bill. That unfortunately means pain.
I find it very amusing to hear Labour giving economic advice on "how fast" to cut the bill, considering they were the ones who created it! It's a bit like a compulsive gambler giving advice on how to be prudent with money.'"
This just the straight Tory party line and a fallacy
William Keegan's view
"[i In their desperation to achieve their reform of the House of Lords they entered into a Faustian pact with the Conservatives. In the process, they allowed themselves to be frightened by the Treasury and the Bank of England into believing that the British economy's financing problems were on a par with those of Greece.
Right from the beginning a handful of commentators, including your own correspondent, tried to warn them that this was far from the case; that the British debt position was one of the strongest in the western world; and that a deficit reduction programme was a worthy goal when an economy was growing fast, but likely to delay such a recovery if embarked on prematurely."[/iThe Tories' policies are working - their purpose is to keep the !% richest rich by making the 99% poorest poorer still. The reason people think they aren't working is because fo course this is not "what it says on the tin"
www.guardian.co.uk/business/2012 ... d-be-fired | |
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| Rank | Posts | Team |
| Club Owner | 6722 | No
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| Joined | Service | Reputation |
| Jun 2003 | 21 years | |
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| Quote: major hound "This just the straight Tory party line and a fallacy
William Keegan's view
"[i In their desperation to achieve their reform of the House of Lords they entered into a Faustian pact with the Conservatives. In the process, they allowed themselves to be frightened by the Treasury and the Bank of England into believing that the British economy's financing problems were on a par with those of Greece.
Right from the beginning a handful of commentators, including your own correspondent, tried to warn them that this was far from the case; that the British debt position was one of the strongest in the western world; and that a deficit reduction programme was a worthy goal when an economy was growing fast, but likely to delay such a recovery if embarked on prematurely."[/iThe Tories' policies are working - their purpose is to keep the !% richest rich by making the 99% poorest poorer still. The reason people think they aren't working is because fo course this is not "what it says on the tin"
The Graudiad. That well known impartial newspaper..........
3.2177734375:10 |
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| Mens Betfred Super League XXVIII ROUND : 1 | | | PLD | F | A | DIFF | PTS |
| Wigan |
29 |
768 |
338 |
430 |
48 |
This is an inplay table and live positions can change.
| Hull KR |
29 |
731 |
344 |
387 |
44 |
| Warrington |
29 |
769 |
351 |
418 |
42 |
| Leigh |
29 |
580 |
442 |
138 |
33 |
| Salford |
28 |
556 |
561 |
-5 |
32 |
| St.Helens |
28 |
618 |
411 |
207 |
30 |
| |
| Catalans |
27 |
475 |
427 |
48 |
30 |
| Leeds |
27 |
530 |
488 |
42 |
28 |
| Huddersfield |
27 |
468 |
658 |
-190 |
20 |
| Castleford |
27 |
425 |
735 |
-310 |
15 |
| Hull FC |
27 |
328 |
894 |
-566 |
6 |
| LondonB |
27 |
317 |
916 |
-599 |
6 |
| Betfred Championship 2024 ROUND : 1 | | | PLD | F | A | DIFF | PTS |
| Wakefield |
27 |
1032 |
275 |
757 |
52 |
This is an inplay table and live positions can change.
| Toulouse |
26 |
765 |
388 |
377 |
37 |
| Bradford |
28 |
723 |
420 |
303 |
36 |
| York |
29 |
695 |
501 |
194 |
32 |
| Widnes |
27 |
561 |
502 |
59 |
29 |
| Featherstone |
27 |
634 |
525 |
109 |
28 |
| |
| Sheffield |
26 |
626 |
526 |
100 |
28 |
| Doncaster |
26 |
498 |
619 |
-121 |
25 |
| Halifax |
26 |
509 |
650 |
-141 |
22 |
| Batley |
26 |
422 |
591 |
-169 |
22 |
| Swinton |
28 |
484 |
676 |
-192 |
20 |
| Barrow |
25 |
442 |
720 |
-278 |
19 |
| Whitehaven |
25 |
437 |
826 |
-389 |
18 |
| Dewsbury |
27 |
348 |
879 |
-531 |
4 |
| Hunslet |
1 |
6 |
10 |
-4 |
0 |
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