Quote:
Originally Posted by Arthurgray50@blu
I watched a prog tonight, and the kick back of these cutback will be bad, and yet we have members saying where is this money coming from, I would rather a country that can generate work, and not cripple it.
|
I believe that that's an experiment which has been tried in a few different places and failed every time, Cuba being the most recent example.
Which part of this don't you understand?
Labour's public sector enlargement is unfunded and was based on an incorrect assumption that the economy would constantly grow. It has to be rolled back else we go into deeper debt. We go into deeper debt we end up paying more interest and having our credit rating dropped which increases the interest rate even higher. Paying more interest means we have to either increase taxes in order to maintain the level of services or cut those services. If we increase taxes too much tax receipts overall will drop as people avoid paying them, lose their jobs due to companies being unable to afford them or relocating and various other factors.
I would rather a country that empowers citizens and companies to generate work within the private sector rather than crippling them by trying to keep people in work employing them itself and taxing those it doesn't employ senseless to do so.
I realise this is a bizarre concept to some, the idea of government helping people to be the solution rather than trying to do everything itself with their money but that's how it's supposed to be in an economy such as ours. The Left wants to change this but they keep forgetting to tell people exactly how it's supposed to be paid for.