PM Boris forms a government
30-07-2019, 19:59
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#1006
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Architect of Ideas
Join Date: Dec 2004
Posts: 10,366
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Re: [Update 2] PM Boris forms a government
Facepalm 
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30-07-2019, 20:10
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#1007
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Remoaner
Cable Forum Team
Join Date: Mar 2004
Posts: 32,228
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Re: [Update 2] PM Boris forms a government
Quote:
Originally Posted by Sephiroth
What's a mortgage, then?
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As has been mentioned taking on debt to fund an asset, especially one which creates further value, is different to taking on debt to sustain day to day spending.
Taking on debt to fund investment in infrastructure is not what New Labour are criticised for. It was funding annual spending via increasing deficits. This was the 'bad state of the economy' people are referring too likewise when they say Labour didn't 'fix the roof whilst the run was shining'. The whole justification for austerity and the central project of the Conservative Government from 2010-2016 was to eliminate the deficit.
When people say 'balance the books' they mean the budget and not investment in things like HS2.
If Boris Johnson intends to fund social care via running higher deficits then this isn't a costed proposal, this isn't balancing the books and it is ultimately kicking the bill down the road until it's picked up by future governments.
If you count that as 'costed' then fine but it makes the discussion pointless because ultimately everything we spend will be funded by debt and the entire argument OB was making about the Labour government is undermined.
(There is an argument that running permeant deficits is sustainable so long as the economy grows faster but that's more a lefty vision of the world  )
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30-07-2019, 20:26
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#1008
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Sulking in the Corner
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Re: [Update 2] PM Boris forms a government
I think that Boris understands how creating wealth ultimately funds improved public services. I hope he knows how to do this.
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Seph.
My advice is at your risk.
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30-07-2019, 20:37
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#1009
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laeva recumbens anguis
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Re: [Update 2] PM Boris forms a government
Quote:
Originally Posted by Sephiroth
I think that Boris understands how creating wealth ultimately funds improved public services. I hope he knows how to do this.
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Depends who the wealth is being created for - if it’s for Venture Capitalists, Hedge Funds, Oligarchs, and Offshore Funds, that doesn’t fund improved public services.
The "trickle down" effect has been proven not to actually happen - all that happens is the wealth gets further consolidated in the top 0.1%.
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30-07-2019, 20:38
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#1010
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cf.mega poster
Join Date: Dec 2013
Posts: 14,231
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Re: [Update 2] PM Boris forms a government
Quote:
Originally Posted by Sephiroth
I think that Boris understands how creating wealth ultimately funds improved public services. I hope he knows how to do this.
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If his experience with the garden bridge, Routemasters and the cable car is anything to go by, then I'm afraid the answer is just two letters long.
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30-07-2019, 21:27
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#1011
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Re: [Update 2] PM Boris forms a government
Quote:
Originally Posted by Hugh
Depends who the wealth is being created for - if it’s for Venture Capitalists, Hedge Funds, Oligarchs, and Offshore Funds, that doesn’t fund improved public services.
The "trickle down" effect has been proven not to actually happen - all that happens is the wealth gets further consolidated in the top 0.1%.
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exactly it trickle up economics that's what tories are best at making the rich more richer
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30-07-2019, 21:39
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#1012
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The Invisible Woman
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Re: [Update 2] PM Boris forms a government
Quote:
Originally Posted by Hugh
Depends who the wealth is being created for - if it’s for Venture Capitalists, Hedge Funds, Oligarchs, and Offshore Funds, that doesn’t fund improved public services.
The "trickle down" effect has been proven not to actually happen - all that happens is the wealth gets further consolidated in the top 0.1%.
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Hell is empty and all the devils are here. Shakespeare..
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30-07-2019, 22:05
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#1013
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The Dark Satanic Mills
Join Date: Dec 2003
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Re: [Update 2] PM Boris forms a government
Quote:
Originally Posted by Damien
As has been mentioned taking on debt to fund an asset, especially one which creates further value, is different to taking on debt to sustain day to day spending.
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Borrow to invest - is the road to success.
Borrow to spend - is the road to the end.
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31-07-2019, 05:53
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#1014
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Still alive and fighting
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Re: [Update 2] PM Boris forms a government
Quote:
Originally Posted by Hugh
Depends who the wealth is being created for - if it’s for Venture Capitalists, Hedge Funds, Oligarchs, and Offshore Funds, that doesn’t fund improved public services.
The "trickle down" effect has been proven not to actually happen - all that happens is the wealth gets further consolidated in the top 0.1%.
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+1
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“The only lesson you can learn from history is that it repeats itself”
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31-07-2019, 07:44
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#1015
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Woke and proud !
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Re: [Update 2] PM Boris forms a government
Quote:
Originally Posted by Hugh
Depends who the wealth is being created for - if it’s for Venture Capitalists, Hedge Funds, Oligarchs, and Offshore Funds, that doesn’t fund improved public services.
The "trickle down" effect has been proven not to actually happen - all that happens is the wealth gets further consolidated in the top 0.1%.
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You could write the Tory manifesto Hugh ! Will you be out campaigning for Bozza when the GE comes ?
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31-07-2019, 09:12
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#1016
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Sulking in the Corner
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Re: [Update 2] PM Boris forms a government
Quote:
Originally Posted by 1andrew1
If his experience with the garden bridge, Routemasters and the cable car is anything to go by, then I'm afraid the answer is just two letters long.
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It is sad that this is the best you can do - just snipe using irrelevancies to the case in point.
I'm no Boris fan and I hope that his advisers are guiding him soundly, but I do at least give him credit for understanding the core principle of creating wealth.
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Seph.
My advice is at your risk.
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31-07-2019, 09:24
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#1017
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laeva recumbens anguis
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Re: [Update 2] PM Boris forms a government
Quote:
Originally Posted by Sephiroth
It is sad that this is the best you can do - just snipe using irrelevancies to the case in point.
I'm no Boris fan and I hope that his advisers are guiding him soundly, but I do at least give him credit for understanding the core principle of creating wealth.
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Which is?
And creating wealth for who?
For instance, the people who own Wal-Mart are wealthy, but their workers need food stamps...
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31-07-2019, 10:03
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#1018
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cf.mega poster
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Re: [Update 2] PM Boris forms a government
Why bother creating 'wealth' when it gets spent on crap?
This brilliant high speed rail link will cost £billions, but the NHS is falling apart and schools are going bankrupt 
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31-07-2019, 16:08
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#1019
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Sulking in the Corner
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Re: [Update 2] PM Boris forms a government
Quote:
Originally Posted by Hugh
Which is?
And creating wealth for who?
For instance, the people who own Wal-Mart are wealthy, but their workers need food stamps...
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Oh please - you are just being difficult. You’ve introduced another irrelevancy.
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Seph.
My advice is at your risk.
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31-07-2019, 16:21
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#1020
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Woke and proud !
Join Date: Jun 2004
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Re: [Update 2] PM Boris forms a government
Quote:
Originally Posted by Sephiroth
Oh please - you are just being difficult. You’ve introduced another irrelevancy.
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What ? The 'not we' poor people ?
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