So what is the alternative to the cuts?
March in London on the 26th?
- Thread starter Tummy
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So what is the alternative to the cuts?
So how do we afford it? how do we afford our ever increasing debt. This is something no one has answered, because they can't. They are ignoring it on purpose.
Once you realise it is essential, then you can start looking at how to supply such services in a different manner, or at least in a cheaper manner.
make the banks pay back what the government gave them to bail them out, obviously thats the alternative, but no we cant have the precious tory donors pay back money they owe the tax payer
make the banks pay back what the government gave them to bail them out, obviously thats the alternative, but no we cant have the precious tory donors pay back money they owe the tax payer
Some already have, others it is up to government when we sale the shares, which we will make a profit on. So a pretty silly statement.
It also wouldn't nearly cover are debt and would only be a sudden cash injection and would not tackle are month on month borrowing, you seem to totally miss the details of this whole affair.
Read that back to yourself and you'll see why it doesn't make sense.
Man of Honour
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make the banks pay back what the government gave them to bail them out, obviously thats the alternative, but no we cant have the precious tory donors pay back money they owe the tax payer
The flip side to the argument of course being that the longer the investment is left the better the chances of an improved return on the investment, it's potentially short-termist to take the investment out now when the shares are worth say £1.10 when in two years they may be worth £1.78 and even allowing for the time value of money it's a better deal to take it then.
I don't, but you should at least have some idea how to achieve it.
make the banks pay back what the government gave them to bail them out, obviously thats the alternative, but no we cant have the precious tory donors pay back money they owe the tax payer
The mess was not caused by the banks. Do you think it is fair that Barclays and HSBC have been clobbered with a bank levy tax when they took not one penny in handouts?
Why do you not understand the under Labour the nation spent more then they received!
Because you are saying the action taken is wrong, what is the alternative!
I do, and it doesn't involve such drastic cuts in such a short space of time. As I've said, I don't agree with the severity of the cuts.
I do apologise for not having a budget laid out in opposition to the ConDems but that's not really my job is it?
And people living beyond their means. I wonder how many of those moaning about bankers and the evil rich people have large flat screen tvs, nice cars, big house, etc..
IIRC we are borrowing at around 8-10billion a month, this is a huge figure. A short term cash injection or a small cut is not going to cut it. Our debt is estimated to double in the next decade, yet has taken us how ever many years to accumulate.
As i said yI don;t expect anyone to have a budget, but you should have some idea of what we are spending and how you purpose to counter it.
Try thinking of it this way, rather than the "Tory donors" threw money away at the banks which they will never get back. The government actually bought a whole bunch of shares in banks when they were at an all time low, giving the banks the liquid funds to keep trading. At some point the money will be repaid with interest when the government sells the shares, recouping "our" money and potentialy making the public purse a decent profit as well.make the banks pay back what the government gave them to bail them out, obviously thats the alternative, but no we cant have the precious tory donors pay back money they owe the tax payer
The money the governemnet had to borrow attracts interest payments as well so it's not quite as cut and dired or simplistic as that, but it illustrates it's not quite as simple as the "Tax the rich and make the fat cat bankers pay" rhetoric that whilst attractive to someone who's job is under threat, has little relation to the real world.
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make the banks pay back what the government gave them to bail them out, obviously thats the alternative, but no we cant have the precious tory donors pay back money they owe the tax payer
Soldato
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make the banks pay back what the government gave them to bail them out, obviously thats the alternative, but no we cant have the precious tory donors pay back money they owe the tax payer
You do realise that wouldn't cover half of our actual debt... Nor would it reduce the amount we overspend per day,week,month and year. Might reduce our debt interest a bit, and as such when the share sales come will be helpful as acash injection, but it should and must be used to payback the actual debt, not use cash to cover current spending.
Gordy B already tried that when he sold all the gold at stupidly low levels and then squandered the income.
make the banks pay back what the government gave them to bail them out, obviously thats the alternative, but no we cant have the precious tory donors pay back money they owe the tax payer
No, no it isn't. Please come back when you actually have a plan that fits the problem... Even if we recieved back every penny actually spent on the banks, it wouldn't even cover a full years deficit at current levels, let alone begin making a dent in the debt, nor would it solve the problem of the deficit as the bank bailout was a one off exercise that is excluded from the deficit calculations.
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make the banks pay back what the government gave them to bail them out, obviously thats the alternative, but no we cant have the precious tory donors pay back money they owe the tax payer
I think the problem we have in this country is people like MrMoonX actually think this is what happened and this is the problem.
Is it really too much to ask that people educate themselves on a subject before forming an opinion?
I'm getting so bored of people thinking the government just gave the banks a load of free money.