Lol. Banter era in full effect.
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by Git » Thu Jul 14, 2016 6:59 am
by Royal Gooner » Thu Jul 14, 2016 7:55 am
Brandon wrote:Boris Johnson as foreign secretary?! f***ing hell
by RowdyRoddyPoppins » Thu Jul 14, 2016 8:11 am
Brandon wrote:Boris Johnson as foreign secretary?! f***ing hell
by Luzh 22 » Thu Jul 14, 2016 10:51 am
UFGN wrote:National debt is higher now than when Labour left office.
It seems some of you have been drinking the Tory kool aid. Debt has increased under Cameron.
by UFGN » Thu Jul 14, 2016 11:01 am
Luzh 22 wrote:UFGN wrote:National debt is higher now than when Labour left office.
It seems some of you have been drinking the Tory kool aid. Debt has increased under Cameron.
True. Do you understand what deficit means?
by Luzh 22 » Thu Jul 14, 2016 11:13 am
UFGN wrote:Luzh 22 wrote:UFGN wrote:National debt is higher now than when Labour left office.
It seems some of you have been drinking the Tory kool aid. Debt has increased under Cameron.
True. Do you understand what deficit means?
Yes I do.
by UFGN » Thu Jul 14, 2016 11:24 am
Luzh 22 wrote:UFGN wrote:Luzh 22 wrote:UFGN wrote:National debt is higher now than when Labour left office.
It seems some of you have been drinking the Tory kool aid. Debt has increased under Cameron.
True. Do you understand what deficit means?
Yes I do.
Then you should know the the UK has a deficit. Meaning we are accumulating debt all the time. The difference between Labour and the Conservatives is the rate at which we accumulate that debt.
So, bashing on the conservatives for having more debt now than when they came into office is a bit silly, don't you think?
by Luzh 22 » Thu Jul 14, 2016 11:27 am
by Est83 » Thu Jul 14, 2016 11:35 am
by Git » Thu Jul 14, 2016 11:37 am
by UFGN » Thu Jul 14, 2016 11:39 am
Luzh 22 wrote:But, Labours spending policies were a major contributing factor of the deficit widening. For all their faults, the Cons have arrested that decline, and in fact have reversed it somewhat. The deficit has been getting smaller with austerity policies, whether people agree with it or not.
It wouldn't have mattered who came into power at the end of the last Labour government, they were always going to be in more debt today than when they took over. But, if Labour had got back into power, there is no doubt that the deficit would have been wider now, rather than smaller.
by Luzh 22 » Thu Jul 14, 2016 11:48 am
Est83 wrote:The best one is blaming the recession on Labour just because they were in office at the time, when the foundations were laid during Thatchers time. Many economists predicted the recession years before it happened, warning of the effects of over investment made possible through laissez faire policy.
by Luzh 22 » Thu Jul 14, 2016 11:53 am
UFGN wrote:Luzh 22 wrote:But, Labours spending policies were a major contributing factor of the deficit widening. For all their faults, the Cons have arrested that decline, and in fact have reversed it somewhat. The deficit has been getting smaller with austerity policies, whether people agree with it or not.
It wouldn't have mattered who came into power at the end of the last Labour government, they were always going to be in more debt today than when they took over. But, if Labour had got back into power, there is no doubt that the deficit would have been wider now, rather than smaller.
The debt was higher in the late eighties under the tories than it is now.
Austerity id ideological.
by UFGN » Thu Jul 14, 2016 12:03 pm
Luzh 22 wrote:UFGN wrote:Luzh 22 wrote:But, Labours spending policies were a major contributing factor of the deficit widening. For all their faults, the Cons have arrested that decline, and in fact have reversed it somewhat. The deficit has been getting smaller with austerity policies, whether people agree with it or not.
It wouldn't have mattered who came into power at the end of the last Labour government, they were always going to be in more debt today than when they took over. But, if Labour had got back into power, there is no doubt that the deficit would have been wider now, rather than smaller.
The debt was higher in the late eighties under the tories than it is now.
Austerity id ideological.
Read what Est wrote in regard to that time frame. Austerity is not idealogical to a particular party. Austerity is a reaction to debt management. Some economists think it's a good thing, whilst others prefer the spend through crisis approach. Both have their places, and, with the shrinking of the deficit, where the economical outlook for the UK is that we'll be back on an even keel by 2020-2025, you have to say Osbourne was right this time.
The growth throughout the world markets since 2008 (outside of emerging markets like China and India), has not been enough to warrant spending through crisis.