Tankus Posted March 28, 2010 Report Share Posted March 28, 2010 Our political beloved seem to be giving the impression that halving the UK deficit by 2014 and we will be over the "hump " Bur nothing is going to happen …”Beyond” 2014 …no “investment” whatsoever , although Im sure there will be some budget slights of hand. Its only going to get worse. We will have hit Gordons planned £1.4 TRILLION debt (DOUBLE WHAT IT IS NOW !!!!… and that’s with Gordons enron accounting habbits )By then our interest repayment will EXCEED our whole current education budget (and that’s before the cuts) , and our National debt will STILL be increasing annually by £80 BILLION. (which actually will be just under our projected debt servicing charge)And all this is if …..- Darlings 25% cuts in public services happen……- We hit Darlings fantasy growth projections giving us a greater tax revenue and lower unemployment…..- Our AAA rating does not change …..(Some people are saying we have already been dropped , markets are just waiting until after the elections to announce , due to its political sensitivity.)- Euroland maintains stability and the PIIGS survive outside the IMF imposition.- The coming next (and bigger) banking crises with the speculative mortgage and commercial loan failure is contained.- No gilt default , and QE is not restarted- No rampant inflation- housing market picks upThe AAA rating is critical due to the planned size of the national debt.Growth is critical to stop the deficit increasing.After 2014 the real harsh cuts will have to be done over the following parliament to get out defect down to zero , If this is achieved in 4 year period,by then our debit will have increased to around £1.6 TRILLION ….If the cuts take place (And we still have AAA) our interest bill will EQUAL OUR WHOLE SLIMMED DEFENCE AND EDUCATION BUDGET. by 2018oR close to what we CURRENTLY pay for the NHS ….How economically STUPID is that …but this is what Gordon has given us ….. NOW … irrelevant of the election.And we still HAVE NOT REPAID any money towards national debt reduction by 2018 , and this after riots and mass lay-offs in the public sector .And a ruthless knife through public sector pensions .Bernie Madfoff is in the amateurs class compared to Gordon ……Watch police and TA procurement …If it goes up in the body armour , baton and gas depts..you know we are getting socially close to kickoff.Interestingly I was watching Harman on the Beeb this morning being asked about the “ring fencing of front line public services” She said they would be safe under labour …..After being asked FOUR times what did this mean to jobs , she conceded that this did not mean job protection.This ring fencing is meaningless … !I don’t understand why people think that getting the deficit down by 50 % in four years is a good thing …Its only the STARTIts economic apocalypse on the horizon and we are sailing into it with Gordon manically at the tiller . Quote Link to comment Share on other sites More sharing options...
Alan2273 Posted March 28, 2010 Report Share Posted March 28, 2010 Regardless of who wins the election we are going to suffer, to pay for the mess the country is in.The annoying part is all those with there snouts in the trough, who caused the worlds financial problems are still at it. Quote Link to comment Share on other sites More sharing options...
catgate Posted March 28, 2010 Report Share Posted March 28, 2010 No one really knows what money is. Not even the bankers. They all think of it as a commodity.There is an interesting site here http://realitymoney.page.tl/ Quote Link to comment Share on other sites More sharing options...
andsome Posted March 29, 2010 Report Share Posted March 29, 2010 Do you remember Brown boasting about how strong our banks were due to less state interference and control under Labour? This lack of restraint by both the British and American governments caused the crash in the first place. Now he boasts about getting us out of the pit that he dug for us. How the hell can anyone be so blind as to trust him again? Quote Link to comment Share on other sites More sharing options...
CurlyWhirly Posted March 31, 2010 Report Share Posted March 31, 2010 Our political beloved seem to be giving the impression that halving the UK deficit by 2014 and we will be over the "hump " Bur nothing is going to happen …”Beyond” 2014 …no “investment” whatsoever , although Im sure there will be some budget slights of hand. Its only going to get worse. We will have hit Gordons planned £1.4 TRILLION debt (DOUBLE WHAT IT IS NOW !!!!… and that’s with Gordons enron accounting habbits )It's already doubled since 1997 and so in a few years time the National Debt will have quadrupled Yes and as you say, if you include all the off-balance sheet items like PFI initiatives and the public sector pensions liabilties, it is considerably higher. Quote Link to comment Share on other sites More sharing options...
-pops- Posted April 1, 2010 Report Share Posted April 1, 2010 I find the posture of his hand quite interesting. I'm not sure whether he's describing himself or what he thinks of the electorate. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.