Quote:
Originally Posted by Chrysalis
I dont know anyone confident around here.
planned large cuts to public sector which employs 40% of working population.
planned clampdown on benefits with a large amount of people unemployed.
vat rise.
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Hi Chrysalis, look around the world. Look at the deficits that many countries have got. It wasn't just that too much spending was done here, it wasn't really that too much spending was done at all, it was just that public spending is a pretty normal thing to do. Government borrowing is a very normal thing to do.
It is just that the system suffered a big, global crash. Which then required further public spending to prevent an outright collapse. To uphold the system. Hence the current level of the debt. But it was necessary to prevent collapse.
Public spending, in times of recession, keeps the economy from contracting in on itself. If you are a private company and economy starts to contract, then you stop spending. So companies stop doing business with each other. So then they lay off staff, because their business is down.
The private sector will turn in on itself and will make the problem even worse - fact is, it doesn't matter whether you are a socialist or a market fundamentalist - the private sector needs the public sector in order to provide a steady stream of cash flow and to smooth out the peaks and troughs of the economy.
Ideological fundamentalism will not solve the problem. But that is what we have in government - ideological market fundamentalists, so expect it to go pop.
Putting some money through the public sector ensures that people in the public sector keep their jobs. It also ensures that private sector companies can ride out a recession a little more easily, because they keep or win new contracts with the public sector, which is still spending Government money.
Cut the money and you pull the plug on the economy.
That's what the Tories have done, so that they could implement their ideological policies. Not required ones. We don't need to privatise the NHS, or the Post Office (which makes a profit for the country).
No. The wisest course of action is to keep spending through these bodies so that the private sector keeps ticking over.
But instead this government will continue with the opposite course of action.
Sorry for the rant but some posters on here are way off beam.
---------- Post added at 08:30 ---------- Previous post was at 08:28 ----------
Quote:
Originally Posted by Lord Nikon
Thing is, who would be better? The way I see it they are all as bad.
Labour has the 'spend spend spend' attitude, including when out of money.
The current coalition has to try to make the money back but seems to fail to grasp that the current way will only cost them more in the long run.
The other options are just as bad
The public votes for labour because the nasty tories hiked taxes, then for tories because labour pretty much bankrupted the country.
Who do we turn to for improvement? I can't see a single current party that's not part of the problem.
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Strange how Labour had the spend spend spend attitude, you seem to forget the Tories backed Labours spending plans.