What makes me laugh
 

http://news.sky.com/story/1066114/bu...rborrow-by-8bn

I just had to make this comment when l read this article.

Each time Cameron and Osborne comeone Tv and talk about our financial status, they always say ' due to the wasteful resources of the previous govrnment they have waste billions'

And yet they are borrowing money all the time, and yet nothing is happening to the economy, And on Question Time recently it was said by the panel that the Tories have borrowed more money than Labout ever did.

And gurranteed iin the budget, he will once again hit the poor, and still no news of Mansion Tax

What a cheeek.

Re: What makes me laugh
 

......and the link works :tu: :D

Re: What makes me laugh
 

I think people have realised now that George is totally useless when it comes to money.

Re: What makes me laugh
 

I still can't believe how much money disappeared worldwide. And how it still seems to be sucked into black holes somewhere. All the cuts around the world, and still no light at the end of the tunnel.

Something is fishy....

Re: What makes me laugh
 

This is what makes laugh so much is that when the cut arrives, yes he will hit the poor, they will argue that there policies are working, yet, he will argue that they are right in sending billions of pounds of our money to overseas countries.

Whilst, we have to struggle and the rich will prosper and he will say that his plans are working, an yet to borrow more monmre and blame the last government on getting the UK in such a mess.

Vincent Cable said that we have to borrow to get the country running again, in that case how comes we have hit a table recession, and he hasn't a clue on what is going on.

Guaranteed Cigarettes will go up, Beer prices will go up, probably another way to hit motorists, an yet he won't say anything about hitting the rich.

On that panel on Question Time the film producer that was on there made several argument for the poor and he was quickly hammered down by the Tory MP.

There is nothing to be shown by this borrowing from Osborne, that is improving the well being of the UK.

Re: What makes me laugh
 

What ever party is in power they will always blame the previous government.

Re: What makes me laugh
 

For all those who seem to claim the poor are being hit hardest at the expense of the rich perhaps you should check this article: http://www.bbc.co.uk/news/business-21740450 That graph is quite striking. Yes those on low incomes are being hit, mostly due to the welfare system changes, but it's clear those on big incomes are taking a major share. Only problem is those on big incomes, compared to the the numbers on welfare is quite disproportionate so raising money from the rich alone won't cut it (and perhaps some are good at avoidance schemes)

Blaming the previous government is par for the course. Labour undoubtedly went on a spending spree, most of that covered by borrowing. The effects of the repayments of that borrowing take a while to come through so now we see borrowing to pay off repayments, i.e. the money can't fund anything new, just old cost. It's why spending for the sake of it doesn't work other than in the short term.

Re: What makes me laugh
 

no it isn't . Graphs like that show nothing. The poorest getting hit 5 % while the richest 8% its not a lot. You take a little off someone with a little and it makes a massive impact you take 8 % off the richest and they are not going to notice it. Those same richest you will probably find hide most their money offshore and avoid tax on most of it

Re: What makes me laugh
 

It shows a lot actually ,it shows that those who contribute nothing are getting slightly less ,those with the most are getting much less and those in the middle ,the workers paying the tax and keeping the exchequer solvent are not affected that much ,which is how it should be

Re: What makes me laugh
 

Actually it shows this

Loss of a Tax free allowance for those earning over 100K wtf did they get that for anyway.
Loss of child benefit. Awww didumms they needed that £20 a week to support their kids didn't they
What they can contribute tax free to pensions. Well someone on over 1 million deserves to be skint if they spend it all before they grow old

I spend every penny I get ,most on benefit spend all there money so it stays in the economy. The rich are keeping hold of their money because of low interests so they are investing elsewhere not in banks meaning the banks have no money to lend low investment and the poor GDP

I would not say the exchequer is solvent as its not able to pay debts its still borrowing so by definition its not solvent

Re: What makes me laugh
 

most people earning 100k or over are running companies providing work ,investing their own money and risking their own houses ,they stand to lose a lot more than joe blogs the fireman on 30- 50k or jimmy skint on the dole who has a lot more security

Re: What makes me laugh
 

so ? the graph does not show us anything of anything that is a surprise. I agree with what you say about the working man not getting hit to hard. I am not as selfish as you may think. I want the worker to earn more than someone on benefits its just some people this year who are already poor are going to be poorer. And lets face it the majority of people are stupid so when the universal credit comes in the idiots will not be able to budget and before that they have to survive with no cash for 4 weeks

Re: What makes me laugh
 

well if the majority of are so stupid then maybe the changes will be an incentive for them not to be so stupid and educate themselves a bit more and then maybe they won't be so poor ;)

Re: What makes me laugh
 

but you know full well some wont :)

Re: What makes me laugh
 

seems alot people with influence starting to turn even Financial times had article recently against osbourne by martin wolf.

http://dnmufc.wordpress.com/2013/03/...-indefensible/

Not long back Channel 4 fact check which been very good weeding analysing the polititians words. Critised Cameron for his not understanding between defecit and debt. Even economist sent letter to press secretary:shocked:.

http://blogs.channel4.com/factcheck/...t-claims/12556

ha joon chang lambasted osboure other the way they handled things.

http://www.guardian.co.uk/commentisf...-long-term-fix

It seems we have country always looks short term fiscal policies maybe down to the 5 year merry go round. Surely economy comes before party or it should.

Maybe just maybe that thick skin is waning.

http://www.guardian.co.uk/politics/2...ne-growth-plan

Did hear right might actually be going for growth budget. Not just growth but actually in other areas than london region which is like warzone of economic destruction. If we get it right into areas which need and also has the ability to growth sector.

Wonder which are the 6 areas they identified for the billions investment.

As long its for boosting our productivty then we will start turning it. We need industrial hearland to grow bring healthy return.

However we can only work in harmany if there is army ready to spend.