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Old 11-06-2017, 17:34   #283
1andrew1
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Re: The 2017 General Election

Quote:
Originally Posted by OLD BOY View Post
You seem to forget that the triple lock was established in an effort to reduce the abject poverty that pensioners who did not also have an adequate occupational pension were experiencing.

The mistake that was made was that it wasn't means tested, so better off pensioners got the benefit as well.

I have experienced myself the restrictions on pay rises in the public sector since the crash, but I know that this has been necessary because witnout it, the debt will just continue rising. Sooner or later, if that debt was not brought down, the economy would crash and we would find ourselves in a worse position than Greece. Is that really what you want?

As for maxed out credit cards, I think you have misinterpreted what I said. We all have to manage our finances as householders. Some people only seem to learn that they cannot spend, spend, spend without having to pick up the consequences later when the banks suddenly don't give them any more money and demand repayment. It is no different with the national economy.

If we endorse Corbyn's solution, poverty will be the name of the game for the young people of today who will inherit the mess. Corbyn doesn't have to worry. he will be retiring age himself soon!
Households and economies cannot be compared from an economic standpoint. They are hugely different.
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