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Cuts – what should 38 Degrees do?

Well they invited me to comment and i did.

Just check out some of the zombie thinking on the posts:

http://blog.38degrees.org.uk/2010/09/14/cuts-what-should-38-degrees-do/

A sample.......

Stop thinking of government debt as similar to the debt of a private household. Some government debt ; eg Consols and War Loan are a hundred year old or over. As long as the interest payable can be met, no one has ever said we must repay the capital.

True, future generations may be a little bit worse off than if it had not been necessary to indulge in deficit financing. But living standards should be so much higher in the future than today's that we hardly need to feel morally responsible (cf the 1930s with today).

Q.E.D. SLOW DOWN ON THE DEBT REPAYMENT, TO AVOID STIFLING RECOVERY !

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iJust check out some of the zombie thinking on the posts:

Deeply worrying Guardian-reading chattering classes wooly thinking mostly. As has been said elsewhere, very light on facts. Yeah it's OK to never repay the capital as long as we keep up with the interest payments! If these people had brains they'd be dangerous.

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The full extent of total debt and taxpayer liabilities is so well disguised to ensure that most people can't know that it amounts to about the same as the total worth of the UK including resources.

They're now going for the 110% loan, now unsecured debt, to stagger on for a few more years.

It's a musical chairs economy. Pin the tail on the donkey policies.

Edited by billybong

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Deeply worrying Guardian-reading chattering classes wooly thinking mostly. As has been said elsewhere, very light on facts. Yeah it's OK to never repay the capital as long as we keep up with the interest payments! If these people had brains they'd be dangerous.

Sadly you get the feeling a lot of these people will be part of the clambering ‘itsnotfair’ brigade who are already pinning this on the collation as opposed to looking at how and why we are in this situation.

Just shows you can fall some of the people all of the time.

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Cuts – what should 38 Degrees do?

Well they invited me to comment and i did.

Just check out some of the zombie thinking on the posts:

http://blog.38degree...-38-degrees-do/

A sample.......

Stop thinking of government debt as similar to the debt of a private household. Some government debt ; eg Consols and War Loan are a hundred year old or over. As long as the interest payable can be met, no one has ever said we must repay the capital.

True, future generations may be a little bit worse off than if it had not been necessary to indulge in deficit financing. But living standards should be so much higher in the future than today's that we hardly need to feel morally responsible (cf the 1930s with today).

Q.E.D. SLOW DOWN ON THE DEBT REPAYMENT, TO AVOID STIFLING RECOVERY !

Typical ponzi culture being betrayed here: debt never has to be repaid.

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My word some people are slow !! ohmy.gif

Don't have debt = don't pay interest = have more money = more money to spend on good stuff for the country

It really is rather simple.

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The full extent of total debt and taxpayer liabilities is so well disguised that most people don't realise that it amounts to about the same as the total worth of the UK including resources.

They're now going for the 110% loan, now unsecured debt, to stagger on for a few more years.

It's a musical chairs economy. Pin the tail on the donkey policies.

Well you know the answer to that then? Further HPI will make the UK even more fabulously wealthy than it is just now based on the value of our housing stock.

No matter that no one with a honest job can afford to buy or rent a roof over their heads, we will all be so rich it will not matter :huh:

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It's the problem with being in opposition, particularly for the lefties who find themselves in this situation the most.

They need to oppose, or else lose there raison d'etre. Even if a policy is sensible and correct, they must find an alternative to shout about. This leads to the perverse type of thinking as highlighted. I often heard the Conservatives agreeing with and congratulating Labour on certain policies throughout their years in power. You'll never get that reversed. Leftism is not a political stance, it's a mental deficiency. A personality disorder.

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Leftism is not a political stance, it's a mental deficiency. A personality disorder.

err... so the left cannot view anyone holding alternative views as being worth listening to. You, however, are an enlightened individual who can weigh up validity of any argument, irrespective of the politics of the espouser. This exalted position has allowed you to dismiss all leftists as suffering from a personality disorder...

Would you like some vegetables with your logical dissonance?

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  • 261 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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