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US has so much debt that they will never repay it....
They dont seem to be doing too badly do they.
They dont seem to be doing too badly do they.
General Election - Conservative + UKIP coalition?
- Thread starter areksnumbr1sxylady
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Soldato
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Agreed. Their Islington Intelligencia cronies will help them to ruin this country once and for all.
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Surely those two sentence are contradictive.
Thats the beauty of it...
I would like to see the Conservatives winning outright as it seems they are doing a good job right now as the lib dem part of the coalition does nothing anyway. (if it aint broke don't fix it) Although it seems to be extremely unlikely for that to happen
Is it even possible to have a Conservative/Labour Coalition? Surely it would create an almost centrist party where it's unlikely to be ruined by any influence of the far right or left.
Is it even possible to have a Conservative/Labour Coalition? Surely it would create an almost centrist party where it's unlikely to be ruined by any influence of the far right or left.
There have been so-called Grand Coalitions between the main centre-left and centre-right parties on the continent so it is possible, however our system is set up to avoid coalitions so it's extremely unlikely.
When are you going to stop with the uninformed idiotic comments about me? I was born in 76 and to be frank my family benefited greatly from Maggie's policy's and the conservative government at the time gave England it's biggest boom ever. We went from being the "sick man" of Europe to being the one of the largest economies of the world.
Man of Honour
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With massive social damage. That's my beef with it.
A country is not a business and a state budget is not like a family budget. Investors will always trust the pound, the dollar or the yen because the countries which back them up are economic powerhouses with full control over their currency. Their confidence didn't diminish when Britain hit 90% debt as a % of GDP, it didn't diminish when the US hit 100% or when Japan hit 240% (!!).
Currently, there's a lack of demand in the UK and slashing spending exacerbates this problem. Focusing on debt levels is therefore pointless.. the economy isn't growing fast enough. If anything, spending should be increased and slashed only after the growth becomes stronger over a longer period of time.
The poverty we were all suffering under until the late 70's is what was socially damaging.
How much borrowing is it worth to generate 1% growth?
Even in your position of completely ignoring the consequences of debt on future generations, there has to be some kind of limit...
Look I don't completely disagree, but the money you spend must be on things that are going to pay back big time.
However it is a mistake to make comparisons with the US and Japan, their economies are vastly different to ours.
You raise another good point with the demand, I believe the cost of housing and pressure on wages combined with paying back existing debt.
My opinion is the only way out is to get more cash to the majority, they will do the spending and paying tax.
This of course goes against the grain for the current system.
But you have to get the cash to the majority legitimately, not just take it from those who currently have it and give it away as that isn't a sustainable approach, not to mention being a flagrant breach of property rights.
Where are the proposals to encourage share distribution and ownership, for example. The proposals to encourage business co-op structures and reward work? Where are the proposals to build houses to help solve the house price problem...
It seems for many the only solution they can come up with is forcibly taking the property of some and giving it to others based on arbitrary factors while ignoring personal responsibility and consequence of choice, and such arbitrary approaches should have no place in a free and liberal society any more than taking property based on gender, race or sexuality should.
Man of Honour
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You're not from the north east are you ?
Soldato
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We are now paying the price. The housing crisis can be attributed to Thatcher's policy although the subsequent Govt's could have binned it. The deregulation of the banks led to the collapse. Not everything that Govt does has an instant effect, it sometimes takes decades to fully see the damage.
Soldato
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Your narrow attempt to somehow make my comment into the usual them and us political mad slinging failed. I criticise both parties.
As has been said countless times by political commentators and some politicians the difference between New Labour and the Tories was wafer thin.
The recent prog about the super rich claimed both parties followed the same agenda to create a tax haven UK.
Associate
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yeah absolutely we have been fooled once with the coalition idea and it didnt work. I will be very shocked if there isnt an outright winner this time.
