- This topic has 144 replies, 35 voices, and was last updated 12 years, 3 months ago by
.
-
Posts
-
insomniac, I don’t agree with the article or it’s findings as they are talking about the symptoms of a fundamental problem which is the membership of the Euro of those countries which should never have joined it.
The PIIGS countries need to devalue their own currencies to redress the balance between themselves and the other countries which are more industrialised and competitive. There will be no end to the bail outs until this happens I’m afraid.
Every country (including the UK) needs economic growth and not spending cuts. Labour were spot on with their manifesto at the last general election, to cut the deficit more slowly. Its a pity that the self proclaimed economic genius Vince Cable didn’t see that.
The spending cuts in this country are not driven by the economics but by the Tories desire to privatise and profiteer basically carrying on from where Thatcher left off.
Whilst having no confidence in the Coalition’s economic plans, they can hardly be called "cuts" as they’re spending/borrowing more than ever. In fact I don’t have confidence in any of the 3 main parties full stop.
I’m not too keen on Nigel Farage as he’s essentially just a loquacious if quite eloqent rabble rouser akin to – if ideologically distinct from – George Galloway, but I must admit to agreeing with most of his speech posted above
Bringing it all back home, down to brass tacks and in language yer man in the street will understand isn’t all this bailout, quantitaive easing and central bank loaning no more than chucking good money after bad, or perhaps bad money after very bad?
That is the taking on of more debt to payoff existing debt, which as anyone who, during the ‘boom years’, opened a new credit card account or loan to pay off existing credit card and loan debt has discovered, is a swift route to bankruptcy
Personal bankruptcy and Sovereign default: one and the same and the cause is the same
The Eurozone is doomed: it’s simple logic surely?
If not today, then tomorrow. Time has been bailed out, eased and loaned, that’s all…
The problem with Nigel is that he has been right about the Euro from start to finish, a breath of fresh air compared to the college boys that lead the other parties. I think it’s because he has had a proper job and in the real world.
insomniac, the only way to reduce national debt to a manageable level is to stimulate economic growth through tax cut and public spending. Thats what the US has done and it works.
DaveJ – totally agree re. tax CUT and cut in public spending. (This has been the argument put by Simon Heffer (ex Telegraph, now Daily Mail) regularly for at least 3 years. )
We could start cutting public spending by stopping payments to the EU?
The unelected so-called president gets paid more than Obama.
I see Cameron is insisting again that billions of pounds in foreign aid must continue pouring into India, which has its own space race, and other countries while denying a 68-year-old British grandmother the funding for her cancer treatment.
It’s absolutely outrageous that we are wasting all these billions on foreign aid while not helping people in our own country.
Cameron insists: "We made a promise as a country to meet pledges on aid and we’re keeping those promises, and I think breaking your promises to the poorest people in the world would not be the right thing to do.
"I think we do have a moral obligation to help the poorest in the world … even when there are difficult times for us.
"We have not cut spending to the NHS, we have increased it. We have the cancer drugs fund and we are looking to extend that."
Now we are also spending vast sums making prisons in Jamaica and Nigeria more comfortable, in the hope that foreign prisoners can be persuaded to serve their sentences abroad. Utter madness.
As I have said before, there are billions sloshing around. It’s just that much of it is being totally squandered. Why not put the interests of British people and the country’s taxpayers first for once?
- You must be logged in to reply to this topic.