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| LABOUR' S FAULT on 23:10 - Oct 10 with 690 views | huelinsaint |
Dune, you might be a bit of a Tory dick at times, but i agree with you, the bloke is a numpty,if Labour replaced him with Alan Johnson , they would get a majority. As it is Labour could still lose. | | | |
| LABOUR' S FAULT on 23:14 - Oct 10 with 687 views | dune |
Alan Johnson would win a landslide, I don't disagree with that. | |
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| LABOUR' S FAULT on 23:50 - Oct 10 with 668 views | Chesham_Saint |
I think labour would get a lot more votes with Alan Johnson in charge. Unfortunately for you he man has alluded to the fact that he's not up to the job, which ironically makes me like him all the more. | |
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| LABOUR' S FAULT on 10:31 - Oct 11 with 643 views | GasGiant |
You use Goebels' tactics of smear by association and repetition, and at the same time accuse your adversary of being like Goebels. Jeesus It's a perfect storm of irony that didn't occur to when you were "composing" your post. Raise your game or wait for the throbbing in your temples to subside before going near the internet next time. | | | |
| LABOUR' S FAULT on 11:12 - Oct 11 with 634 views | saint22 |
I believe Cameron is a posh prick who isn't that clever and has no concern for 99% of us yep | | | |
| LABOUR' S FAULT on 11:13 - Oct 11 with 633 views | Leslie |
He thinks you know feck all about football, and you're a major part of today's bed wetting Britain | |
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| LABOUR' S FAULT on 13:10 - Oct 11 with 614 views | patred |
I think this site is at his best talking politics.. lefties /righties...love it. | |
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| LABOUR' S FAULT on 13:15 - Oct 11 with 612 views | MooCowTheThird |
The only thing the Tory Toffs care about is the 1%. So long as they make the rich richer then they have, in the own eyes, succeeded.
Any one from the middle-classes who votes Tory is deluded. They are not on your side. Every policy they make is only geared to make the elites more wealthy. They couldn't give a shit about the middle-class, let alone the working-class.
A vote for the Tory Toffs is just a vote for the elites. | |
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| LABOUR' S FAULT on 15:21 - Oct 11 with 588 views | saint22 |
+1 | | | |
| LABOUR' S FAULT on 15:29 - Oct 11 with 584 views | SaintGeorge |
You've got a bright future ahead of you in the Labour party with debating skills like that :o) | |
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| LABOUR' S FAULT on 16:29 - Oct 11 with 556 views | Chesham_Saint |
Your OP referred to ALL Etonians and servants. Crass generalisations like that tend to undermine your argument, s'all. | |
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| LABOUR' S FAULT on 17:58 - Oct 11 with 541 views | FrenchChris |
What pissed me off about Labour through all this was how happy they were to take the glory when everything was going well and then when things went badly, they claimed it as all down to the global downturn.
They actually overspent when the economy was going well and didn't put anything to one side for a rainy day. Basic home economics. | |
| Please forget you knew my name, my darling Sugaree |
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| LABOUR' S FAULT on 18:12 - Oct 11 with 536 views | MooCowTheThird |
Basic home economics is not applicable for running the accounts of sovereign states which issue their own legal tender currency.
The idea of 'putting some aside in the good years' is 100% correct for households and in no way relevant or possible for sovereign nations. Especially for nations whose broad money supply is created out of debt issuance. Which is basically all countries. (In the UK 97% of money in circulation was created by private banks loaning it into existence - for every pound in your bank account, someone else (or company) owes that pound, plus interest. (NB: in your account, not pocket. Folding money is the 3% which is still created through a process called seigniorage)
For more see www.positivemoney.org to learn about how the money system really works. | |
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| LABOUR' S FAULT on 18:39 - Oct 11 with 521 views | Chesham_Saint |
Ahhh, so that explains why Gordon Brown sold off a huge chunk of our gold reserve at the bottom of the market, eh? The man was an economic maestro after all. | |
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| LABOUR' S FAULT on 18:40 - Oct 11 with 516 views | MooCowTheThird |
that was a calamity, for sure. | |
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| LABOUR' S FAULT on 18:50 - Oct 11 with 487 views | dune |
You do talk some shit. When an economy is booming you pay off debts. When an economy is in recession you borrow. Don't you know anything? | |
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| LABOUR' S FAULT on 18:58 - Oct 11 with 481 views | MooCowTheThird |
You are clueless.
Go and learn how the money system of our country works.
Paying off debt is impossible when the money you would use to pay it off is created through debt issuance. That is why even in a 'booming economy' nations since 1970s have still run primary deficits. Even the two year period during the Clinton administration in the US which technically recorded a (tiny) budget surplus was because there was an accounting change in how current federal liabilities were recorded.
By the way, do you even know when the last time the UK decreased its debt?
I actually do know a lot about this subject. Clearly you do not. | |
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| LABOUR' S FAULT on 19:00 - Oct 11 with 478 views | dune |
Pmsl, you know fook all about anything. | |
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| LABOUR' S FAULT on 19:15 - Oct 11 with 465 views | MooCowTheThird |
go on, answer my question.
Oh, ok, I'll answer it for you. 2001 was the last time the country ran a primary budget surplus, which (not coincidentally was the start of the credit bubble). And in the last 50 years the government has only ever spent less money than it takes in in SEVEN years.
http://www.bbc.co.uk/news/uk-politics-24339347
Under a debt-based money system (where 97% of all money in circulation is created into existence as debt) the total credit (money) has to expand. So even when the government does run a budget surplus, other areas of the economy MUST be going further into debt (absent QE) which is why governments can't run surpluses for long - if they did the credit imbalance would cause a steep recession, tax receipts would dry up and the surplus would vanish.
You are one of those loudmouths who thinks you can strut around and gob off and people will take you seriously. Unfortunately, in this area you really don't know what you are on about.
On that, I rest my case because I can't be bothered trying to educate you. If you feel humble enough go and look at the non-partisan think-tank Positive Money at www.positivemoney.org. You will learn a lot.
I leave you with the following pdf direct from the website of the Bank of England:
http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb1
Good night. | |
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| LABOUR' S FAULT on 19:31 - Oct 11 with 454 views | dune |
You don't understand simple economics, but that's hardly surprising as you're a Socialist. | |
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