Thread: Election 2019 - Week 3
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Old 26-11-2019, 09:48   #227
OLD BOY
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Re: Election 2019 - Week 3
Quote:
Originally Posted by jfman View Post
I think you’re doing the lads a disservice here Richard. I mean they aren’t actually running the country that’s the offshore corporate interests that are funding them, Russian oligarchs or possibly even the FSB. I mean Boris did meet with them without his security detail when he was foreign secretary.

---------- Post added at 19:41 ---------- Previous post was at 19:37 ----------



More absolute nonsense. The country is already 2 trillion in debt, a figure that has doubled under the Tories in nominal terms. Despite selling off almost everything worth selling in the last forty years we are still 2 trillion in debt because of failed neo-liberal economic policies. The Tory bribe of selling people their council houses and deregulating lending to push up prices is a one off windfall.

Future generations have no such windfall. Only the debt from previous generations extravagance and poor decision making.

Pray, tell, Old Boy, how and when should we pay the 2 trillion back? How do we fund it so we can stop squandering billions on interest payments?
How many times to we have to respond to these tired old arguments, jfman? Please give it a rest.

We've already written on here countless times that Labour spent all the balances and put no money away for a rainy day during the 'golden years'. That meant we had no reserves to deal with the global financial crash. That meant we had to come up with a good plan to put the UK back on its feet and deal with the unsustainable deficit. The Conservatives have brought that down substantially, but in the meantime, debt has continued to rise as a result. This would have not happened if Labour had not spent all the reserves in its period of office and that's where the blame lies for this mess.

Do you really believe that we would be saddled with less debt had Labour been in power throught the last decade? If so, you must be the only one who does.

For someone who professes to know about economics, I am astounded that you should trot out this nonsense. The answer to paying off all that debt is certainly not to be found in the Labour camp, where hundreds of billions of pounds would be spent to satisfy their agenda. The real question is how they would pay back the debt.
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