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I know there are quite a few young uns on this board but it seems strange how few people really seem to realise how bad the debt problem is and how the "markets" are extremely jittery.

 

It really wouldn't take much for the tipping point to be reached and the real shit will hit the fan.

 

It is so bad that a three party coalition should come together to solve the problem. It really is far too serious to start playing party politics with it.

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How the fuck do you seriously expect Uk plc to get out of the hideous debt we are in without cuts.

 

That was Mike Ashley's rationale about NUFC plc the January before we got relegated.

 

You're wrong about both.

 

 

Leaving nufc to one side, please enlighten me as to how we save enough money to get out of this hideous debt without cuts.

 

You can spend money to make money my good man. Speculate to accumulate. He who dares........wins!

 

Once you've recovered, then you can reduce spending.

 

I might believe Tory Boys cuts are the only sensible option.....if he'd actually outlined more than a third of the cuts that required.

 

Much the same as the other parties on that score btw.

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How the fuck do you seriously expect Uk plc to get out of the hideous debt we are in without cuts.

 

That was Mike Ashley's rationale about NUFC plc the January before we got relegated.

 

You're wrong about both.

 

 

Leaving nufc to one side, please enlighten me as to how we save enough money to get out of this hideous debt without cuts.

 

You can spend money to make money my good man. Speculate to accumulate. He who dares........wins!

 

Once you've recovered, then you can reduce spending.

 

I might believe Tory Boys cuts are the only sensible option.....if he'd actually outlined more than a third of the cuts that required.

 

Much the same as the other parties on that score btw.

 

Can only assume the good man at the Ashley has once again laid free his wares :)

 

We are currently borrowing billions because we have no money to run the country.

 

We have used up our credit at Lloyds, provident and laygate prawnbrokers and are only left with jimmy the knife loans Inc

 

but sure, let's give it a go :(

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How the fuck do you seriously expect Uk plc to get out of the hideous debt we are in without cuts.

 

That was Mike Ashley's rationale about NUFC plc the January before we got relegated.

 

You're wrong about both.

 

 

Leaving nufc to one side, please enlighten me as to how we save enough money to get out of this hideous debt without cuts.

 

You can spend money to make money my good man. Speculate to accumulate. He who dares........wins!

 

Once you've recovered, then you can reduce spending.

 

I might believe Tory Boys cuts are the only sensible option.....if he'd actually outlined more than a third of the cuts that required.

 

Much the same as the other parties on that score btw.

 

Can only assume the good man at the Ashley has once again laid free his wares :)

 

We are currently borrowing billions because we have no money to run the country.

 

We have used up our credit at Lloyds, provident and laygate prawnbrokers and are only left with jimmy the knife loans Inc

 

but sure, let's give it a go :(

 

lol

 

I was going to give you a thought out reply

 

then I remembered

 

You are just on the troll.

 

Congratulations though - you are doing a marvelous job, on this and Ashley

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How the fuck do you seriously expect Uk plc to get out of the hideous debt we are in without cuts.

 

That was Mike Ashley's rationale about NUFC plc the January before we got relegated.

 

You're wrong about both.

 

 

Leaving nufc to one side, please enlighten me as to how we save enough money to get out of this hideous debt without cuts.

 

You can spend money to make money my good man. Speculate to accumulate. He who dares........wins!

 

Once you've recovered, then you can reduce spending.

 

I might believe Tory Boys cuts are the only sensible option.....if he'd actually outlined more than a third of the cuts that required.

 

Much the same as the other parties on that score btw.

 

Can only assume the good man at the Ashley has once again laid free his wares :)

 

We are currently borrowing billions because we have no money to run the country.

 

We have used up our credit at Lloyds, provident and laygate prawnbrokers and are only left with jimmy the knife loans Inc

 

but sure, let's give it a go :(

 

 

A recession undermines business incentive to engage in investment.

 

With falling incomes and demand for products, the desired demand for factories and equipment (not to mention housing) will fall. This encourages the recession to continue.

 

Keynes advocated what has been called countercyclical fiscal policies, that is policies which acted against the tide of the business cycle: deficit spending when a nation's economy suffers from recession or when recovery is long-delayed and unemployment is persistently high—and the suppression of inflation in boom times by either increasing taxes or cutting back on government outlays. He argued that governments should solve problems in the short run rather than waiting for market forces to do it in the long run, because "in the long run, we are all dead."

 

Read more here...

 

http://en.wikipedia.org/wiki/Keynesian_economics

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How the fuck do you seriously expect Uk plc to get out of the hideous debt we are in without cuts.

 

That was Mike Ashley's rationale about NUFC plc the January before we got relegated.

 

You're wrong about both.

 

 

Leaving nufc to one side, please enlighten me as to how we save enough money to get out of this hideous debt without cuts.

Raise taxation, which brings its own problems but has advantages over job cuts that I mentioned earlier. It’s also spreads the pain around instead of shitting on a minority who are in no way responsible for the banking collapse. It wouldn’t be fun but it would be fair, if not as fair as ceasing the assets of the bankers who got us into this mess.

 

Public sector debt currently stands at £844b, or about 67% of GDP. The USA debt is 85% of GDP, Italy 115%, Japan 220%. In fact of all the developed countries the UK debt as a percentage of GDP is the lowest. This isn’t to say it isn’t a problem but it’s worth remembering before we had to bail out the banks our national debt was 44% of GDP.

 

So for the sake of argument let’s say we need to cut our debt by £400b to get back to the kind of levels that caused no concern just a few years back. This could be achieved in five years by increasing the total tax yield by about 17%. I’m not suggesting the debt problem can be solved through taxation alone, but I thought it was worth providing some context.

 

Is there a single tax increase in the Conservative manifesto?

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How the fuck do you seriously expect Uk plc to get out of the hideous debt we are in without cuts.

 

That was Mike Ashley's rationale about NUFC plc the January before we got relegated.

 

You're wrong about both.

 

 

Leaving nufc to one side, please enlighten me as to how we save enough money to get out of this hideous debt without cuts.

 

You can spend money to make money my good man. Speculate to accumulate. He who dares........wins!

 

Once you've recovered, then you can reduce spending.

 

I might believe Tory Boys cuts are the only sensible option.....if he'd actually outlined more than a third of the cuts that required.

 

Much the same as the other parties on that score btw.

 

Can only assume the good man at the Ashley has once again laid free his wares :)

 

We are currently borrowing billions because we have no money to run the country.

 

We have used up our credit at Lloyds, provident and laygate prawnbrokers and are only left with jimmy the knife loans Inc

 

but sure, let's give it a go :(

 

 

A recession undermines business incentive to engage in investment.

 

With falling incomes and demand for products, the desired demand for factories and equipment (not to mention housing) will fall. This encourages the recession to continue.

 

Keynes advocated what has been called countercyclical fiscal policies, that is policies which acted against the tide of the business cycle: deficit spending when a nation's economy suffers from recession or when recovery is long-delayed and unemployment is persistently high—and the suppression of inflation in boom times by either increasing taxes or cutting back on government outlays. He argued that governments should solve problems in the short run rather than waiting for market forces to do it in the long run, because "in the long run, we are all dead."

 

Read more here...

 

http://en.wikipedia.org/wiki/Keynesian_economics

 

 

Well done sir!

 

You've completely lost me. I understand what a recession is, the logic of trying to spend your way out of it......but

 

first if all, this is not just a recession but also a crisis of confidence which is why banks are lending to business, thus we can't grow.

 

We've borrowed, printed, etc etc and now the party is over, the drinks wearing off and it's time to sort this shit out.

 

I know you agree and can picture you lol'ing to yourself as you posted that

:icon_lol:

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How the fuck do you seriously expect Uk plc to get out of the hideous debt we are in without cuts.

 

That was Mike Ashley's rationale about NUFC plc the January before we got relegated.

 

You're wrong about both.

 

 

Leaving nufc to one side, please enlighten me as to how we save enough money to get out of this hideous debt without cuts.

 

You can spend money to make money my good man. Speculate to accumulate. He who dares........wins!

 

Once you've recovered, then you can reduce spending.

 

I might believe Tory Boys cuts are the only sensible option.....if he'd actually outlined more than a third of the cuts that required.

 

Much the same as the other parties on that score btw.

 

Can only assume the good man at the Ashley has once again laid free his wares :)

 

We are currently borrowing billions because we have no money to run the country.

 

We have used up our credit at Lloyds, provident and laygate prawnbrokers and are only left with jimmy the knife loans Inc

 

but sure, let's give it a go :(

 

lol

 

I was going to give you a thought out reply

 

then I remembered

 

You are just on the troll.

 

Congratulations though - you are doing a marvelous job, on this and Ashley

 

 

Seriously go for it. Not on the troll.

 

I love politics and this sort of banter and what better way to learn about it.

 

No good just discussing it with those you agree with.

 

Take a lead from NJS. He can talk a good debate without getting all emotional

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How the fuck do you seriously expect Uk plc to get out of the hideous debt we are in without cuts.

 

That was Mike Ashley's rationale about NUFC plc the January before we got relegated.

 

You're wrong about both.

 

 

Leaving nufc to one side, please enlighten me as to how we save enough money to get out of this hideous debt without cuts.

Raise taxation, which brings its own problems but has advantages over job cuts that I mentioned earlier. It’s also spreads the pain around instead of shitting on a minority who are in no way responsible for the banking collapse. It wouldn’t be fun but it would be fair, if not as fair as ceasing the assets of the bankers who got us into this mess.

 

Public sector debt currently stands at £844b, or about 67% of GDP. The USA debt is 85% of GDP, Italy 115%, Japan 220%. In fact of all the developed countries the UK debt as a percentage of GDP is the lowest. This isn’t to say it isn’t a problem but it’s worth remembering before we had to bail out the banks our national debt was 44% of GDP.

 

So for the sake of argument let’s say we need to cut our debt by £400b to get back to the kind of levels that caused no concern just a few years back. This could be achieved in five years by increasing the total tax yield by about 17%. I’m not suggesting the debt problem can be solved through taxation alone, but I thought it was worth providing some context.

 

Is there a single tax increase in the Conservative manifesto?

 

we will get all you say above AND savage cuts, unfortunately.

 

Don't forget to add into your figures the billions each year just to keep up the payments.

 

All the parties have being deceitful about what is to come which is why I would make all the fuckers agree a budget that will do the job.

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Well done sir!

 

You've completely lost me.

 

 

I think that's the way the vast majority feel when the parties discuss economic policy.

 

I don't expect voters to read up on economic theory to see who they agree with either, but if people don't know what to think one way or the other, it shouldn't be an issue you use to advocate for one party over another.

 

I'd have thought the most important issue for you would be the amount of money the Tories are going to drain out of the North East specifically. That should have you howling because what few customers you still have going out of a weekend in Shields are going to be relying on cans from Asda more and more under the Tories....and you'll be on here rather than doing jobs on a Saturday night even more than currently.

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Well done sir!

 

You've completely lost me.

 

 

I think that's the way the vast majority feel when the parties discuss economic policy.

 

I don't expect voters to read up on economic theory to see who they agree with either, but if people don't know what to think one way or the other, it shouldn't be an issue you use to advocate for one party over another.

 

I'd have thought the most important issue for you would be the amount of money the Tories are going to drain out of the North East specifically. That should have you howling because what few customers you still have going out of a weekend in Shields are going to be relying on cans from Asda more and more under the Tories....and you'll be on here rather than doing jobs on a Saturday night even more than currently.

 

 

and nobody wants that :)

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How the fuck do you seriously expect Uk plc to get out of the hideous debt we are in without cuts.

 

That was Mike Ashley's rationale about NUFC plc the January before we got relegated.

 

You're wrong about both.

 

 

Leaving nufc to one side, please enlighten me as to how we save enough money to get out of this hideous debt without cuts.

Raise taxation, which brings its own problems but has advantages over job cuts that I mentioned earlier. It’s also spreads the pain around instead of shitting on a minority who are in no way responsible for the banking collapse. It wouldn’t be fun but it would be fair, if not as fair as ceasing the assets of the bankers who got us into this mess.

 

Public sector debt currently stands at £844b, or about 67% of GDP. The USA debt is 85% of GDP, Italy 115%, Japan 220%. In fact of all the developed countries the UK debt as a percentage of GDP is the lowest. This isn’t to say it isn’t a problem but it’s worth remembering before we had to bail out the banks our national debt was 44% of GDP.

 

So for the sake of argument let’s say we need to cut our debt by £400b to get back to the kind of levels that caused no concern just a few years back. This could be achieved in five years by increasing the total tax yield by about 17%. I’m not suggesting the debt problem can be solved through taxation alone, but I thought it was worth providing some context.

 

Is there a single tax increase in the Conservative manifesto?

 

we will get all you say above AND savage cuts, unfortunately.

 

Don't forget to add into your figures the billions each year just to keep up the payments.

 

All the parties have being deceitful about what is to come which is why I would make all the fuckers agree a budget that will do the job.

It’s a question of balance. At a time when services will have to be cut and taxes raised the Conservatives want to reduce government revenues by £6b by increasing the inheritance tax threshold to £1m. It‘s irrefutable evidence they have their priorities all fucked up.

 

It’s might also be of interest to know that personal debt in the UK is £1460b. All of which I would assume is owed to the very banks we have just bailed out. It fucking stinks.

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One more thing about public debt. If you exclude countries like Greenland that are very sparsely populated every country in the world owes money, Even Saudi Arabia has of a debt of 20% of GDP. So who is all this money owed to?

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Well done sir!

 

You've completely lost me.

 

 

I think that's the way the vast majority feel when the parties discuss economic policy.

 

I don't expect voters to read up on economic theory to see who they agree with either, but if people don't know what to think one way or the other, it shouldn't be an issue you use to advocate for one party over another.

 

I'd have thought the most important issue for you would be the amount of money the Tories are going to drain out of the North East specifically. That should have you howling because what few customers you still have going out of a weekend in Shields are going to be relying on cans from Asda more and more under the Tories....and you'll be on here rather than doing jobs on a Saturday night even more than currently.

 

 

and nobody wants that :)

 

 

:(

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One more thing about public debt. If you exclude countries like Greenland that are very sparsely populated every country in the world owes money, Even Saudi Arabia has of a debt of 20% of GDP. So who is all this money owed to?

 

the Chinese and Arabs

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I bet his taxi is like a mobile suicide machine, poor fuckers throwing themselves out of the back like lemmings after listening to his patter and his Whitney Houston albums :)

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Good blog from Stephen Fry on the state of play and what he thinks will happen next, and sadly he'll be right:

 

Blog

 

 

Totally agree with the first paragraph. Thats been bugging me each time Ive heard it said this week.

 

As for the PR debate thats a tricky one. All the indications tonight are that the deal is nearly done so a compromise of some sort must have been done.

 

Still uncertain if there is a real public clamour for PR. Do we really want to go through this every time we vote?

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Good blog from Stephen Fry on the state of play and what he thinks will happen next, and sadly he'll be right:

 

Blog

 

Jesus - now I'm depressed

Within three months I imagine that any Lib Dem/Labour/Others coalition will fall, a General Election will be called, the Lib Dem vote will be decimated, the Conservatives brought to full power and Electoral /Constitutional Reform will be nothing but a wistful memory as those of us with distaste for conservatism hunker down for the duration. Demos, riots, overturned cars in the streets, many more homeless, infrastructure decay, a rise in crimes against the person and property, a happy time perhaps for the City and the secure middle classes, a dreadful time for the vulnerable, the disabled, the physically and mentally ill, the homeless and the poor. I remember the main feeling induced by living under Thatcher was shame. It was shaming to live in a country that could be so proudly, gloatingly unkind, so vulgar, shabby and ungracious in its attitudes to the outsider, the weak and the destitute. Goodness knows the Labour administration has been very, very far from perfect, but I think we will only appreciate the unheralded and uncelebrated good it did when the props it built up for the poor, the disabled and the disadvantaged have been kicked away.

 

Says it so much better than ever could

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Good blog from Stephen Fry on the state of play and what he thinks will happen next, and sadly he'll be right:

 

Blog

 

 

Totally agree with the first paragraph. Thats been bugging me each time Ive heard it said this week.

 

As for the PR debate thats a tricky one. All the indications tonight are that the deal is nearly done so a compromise of some sort must have been done.

 

Still uncertain if there is a real public clamour for PR. Do we really want to go through this every time we vote?

 

Personally i don't want total PR, the BNP and UKIP between them got something like 1.5m votes, they'd by right have to have seats in the commons! My mate suggested if you do have PR its only for the parties who finish 1 to 3 which keeps out the loons and racists! So you need to find some way of bringing in a form of PR that works, is fair and keeps out the likes of the BNP!

 

Also does anyone know exactly how the Australian system works and Fry seemed to think it was pretty good, but i've not read up on how they do things.

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