peterms Posted October 12, 2010 Share Posted October 12, 2010 Why is it necessary to reduce our huge deficit? Seriously? Well, it isn't. But we're not supposed to say that. It's become a fetish of current policy. There's more to economics than Mr Micawber ever realised. Mr Micawber, meet Mr Osborne. Link to comment Share on other sites More sharing options...
Risso Posted October 12, 2010 Share Posted October 12, 2010 Why is it necessary to reduce our huge deficit? Seriously? No, that was not the question I asked. In response to Blandy saying, "...it absolutely is necessary to stop spending (in totaL) exceeding total income..." (which I read as him saying that we absolutely have to run a balanced budget and not run any kind of deficit), I asked why? I think that Blandy's statement on expenditure versus income was in the context of our huge and crippling deficit. Link to comment Share on other sites More sharing options...
Ads Posted October 12, 2010 Share Posted October 12, 2010 Can someone pass the hammer to Vince Cable? He has to put yet another nail in the coffin of social mobility. Unlimited Tuitions fees Poor students will be better off under the system. I don’t see the big fuss about increased student debt. Its only a taster of the endless debt you’ll spend your life in. Link to comment Share on other sites More sharing options...
peterms Posted October 12, 2010 Share Posted October 12, 2010 Bankers' bonuses still increasing, then. And while profits have fallen from their 2007 peak, the percentage directed to compensation has increased by 23%... Banks say their hands are tied, arguing that firms say that do not adequately compensate risk losing their top bankers. here Performance-unrelated-pay. If the banks lost their top people, given their widely demonstrated incompetence, would that not be a good thing? Makes me wonder why they bother to give them basic pay, never mind bonuses. If there was any justice, we could all individually sue them for the loss of value in our pension schemes, since adding value by their transactions is after all the only thing they are meant to be doing. It's not like they produce anything, or deliver a service, or even provide entertainment. Link to comment Share on other sites More sharing options...
peterms Posted October 12, 2010 Share Posted October 12, 2010 I think that Blandy's statement on expenditure versus income was in the context of our huge and crippling deficit. Perhaps it is "crippling" only insofar as we choose to regard it as such, and act accordingly. Link to comment Share on other sites More sharing options...
Risso Posted October 12, 2010 Share Posted October 12, 2010 I think that Blandy's statement on expenditure versus income was in the context of our huge and crippling deficit. Perhaps it is "crippling" only insofar as we choose to regard it as such, and act accordingly. Do you understand the implications of having such a vast deficit Peter? Link to comment Share on other sites More sharing options...
snowychap Posted October 12, 2010 Share Posted October 12, 2010 Do you understand the implications of having such a vast deficit Peter? What are the implications as you see them? Link to comment Share on other sites More sharing options...
mykeyb Posted October 12, 2010 Share Posted October 12, 2010 I wish someone would explain it to me too as i cannot see how spending millions of pounds on repaying the debt we have at the moment is a good thing. Link to comment Share on other sites More sharing options...
peterms Posted October 12, 2010 Share Posted October 12, 2010 Do you understand the implications of having such a vast deficit Peter? Which particular implications do you infer from my posts that I haven't understood? Link to comment Share on other sites More sharing options...
Risso Posted October 12, 2010 Share Posted October 12, 2010 Do you understand the implications of having such a vast deficit Peter? Which particular implications do you infer from my posts that I haven't understood? If I'm honest, any of them. Link to comment Share on other sites More sharing options...
TheDon Posted October 12, 2010 Share Posted October 12, 2010 Do you understand the implications of having such a vast deficit Peter? Which particular implications do you infer from my posts that I haven't understood? If I'm honest, any of them. A politicians answer if ever I've saw one. Link to comment Share on other sites More sharing options...
LondonLax Posted October 12, 2010 Share Posted October 12, 2010 Repeat the lie enough times and it becomes the truth Link to comment Share on other sites More sharing options...
chrisp65 Posted October 12, 2010 Share Posted October 12, 2010 Nick Clegg not attending Margaret Thatcher's birthday party in Downing Street today. Link to comment Share on other sites More sharing options...
CarewsEyebrowDesigner Posted October 12, 2010 Share Posted October 12, 2010 Can someone pass the hammer to Vince Cable? He has to put yet another nail in the coffin of social mobility. Unlimited Tuitions fees Poor students will be better off under the system. I don’t see the big fuss about increased student debt. Its only a taster of the endless debt you’ll spend your life in. Nah, Education should be free at every level. A country should be based on improving through education (as opposed to "improving" through it's economy) and therefore should do everything it can to ensure it's fair and free. **** knows how to do it but that should be the aim. It's bullshit to hike up fee's and impose this financial situation upon any student, rich or poor. It'll just lead to less social mobility and an even greater gap between the elite and the rest of us. Oh, and an economy based on debt is doomed to fail, as it has done many times already. The coalition so far has done nothing to change that fundamental issue within the system. The cycle of crash, recover, crash will just continue. We should aim for consistent progress. Again, **** knows how to do that. Doubt it'll happen though, the world is full of greedy, self centred cu*ts. Link to comment Share on other sites More sharing options...
theunderstudy Posted October 12, 2010 Share Posted October 12, 2010 Bear in mind university is not the only path a student can take upon leaving school.... I'm not at Uni, and my life is pretty good. Link to comment Share on other sites More sharing options...
snowychap Posted October 13, 2010 Share Posted October 13, 2010 I wish someone would explain it to me too as i cannot see how spending millions of pounds on repaying the debt we have at the moment is a good thing. When did we not spend millions of pounds on interest? Link to comment Share on other sites More sharing options...
TrentVilla Posted October 13, 2010 Moderator Share Posted October 13, 2010 Nick Clegg not attending Margaret Thatcher's birthday party in Downing Street today. Attending? No. Serving drinks? Yes. Link to comment Share on other sites More sharing options...
Jon Posted October 13, 2010 Share Posted October 13, 2010 Nick Clegg not attending Margaret Thatcher's birthday party in Downing Street today. Attending? No. Serving drinks? Yes. That would seem about right. Link to comment Share on other sites More sharing options...
drat01 Posted October 13, 2010 Share Posted October 13, 2010 Nick Clegg not attending Margaret Thatcher's birthday party in Downing Street today. Attending? No. Serving drinks? Yes. Start the day with a smile they always say, and now I am :-) - very good sir Link to comment Share on other sites More sharing options...
peterms Posted October 13, 2010 Share Posted October 13, 2010 Do you understand the implications of having such a vast deficit Peter? Which particular implications do you infer from my posts that I haven't understood? If I'm honest, any of them. Because? Try to offer a little more substance in your answer, then I might possibly have something to engage with. For example, your comment suggests that you think there is one clear position on this which you understand and I (and possibly others) don't; is this what you mean? Do you think that the only implications of a deficit are bad? Link to comment Share on other sites More sharing options...
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