Jump to content
House Price Crash Forum
Sign in to follow this  
OnlyMe

Blanchflower: Spending Cuts Are 'cowardice'

Recommended Posts

Well there we diverge.I think that it is worth paying people to do jobs that don't need doing.If the option was cost free I might.But what is going to happen is that those people displaced are going to go onto benefits and in many cases cost at least as much as they do already.The difference is that they are going to be standing around on street corners doing nothing,or worse.Getting people into a culture of unemployment is undesirable.They get out of the habit of putting effort into life and stagnate and then expect the state to provide them with a living.Personally I would be in favour of everyone taking a 5% pay cut rather than losing 5% of the jobs.

This,in effect,is what Blanchflower is proposing.

Disagree completely.

Reality is always better than self-deception; non-jobs must go and we must face the reality that many many millions create no wealth, and at the same time we have to open up the blocks on them.

This will not be the fix, there is so much more to do, but to start we must face reality and not continue to fund non-jobs.

Share this post


Link to post
Share on other sites
Disagree completely.

Reality is always better than self-deception; non-jobs must go and we must face the reality that many many millions create no wealth, and at the same time we have to open up the blocks on them.

This will not be the fix, there is so much more to do, but to start we must face reality and not continue to fund non-jobs.

Much of the 'wealth' that has been created over the last decade was a banker illusion- yet they pass the test of being 'wealth creators', while some people in the public services who may have helped enrich the lives of many people do not pass this test.

Before you throw terms like 'wealth creation' around you need to define what you mean by 'wealth'.

Share this post


Link to post
Share on other sites

Much of the 'wealth' that has been created over the last decade was a banker illusion- yet they pass the test of being 'wealth creators', while some people in the public services who may have helped enrich the lives of many people do not pass this test.

Before you throw terms like 'wealth creation' around you need to define what you mean by 'wealth'.

He means anything that increases the likelihood of him making more money. It really doesn't really extend to any depth beyond that

Share this post


Link to post
Share on other sites

Yes, the truly brave decision is to print money. Only the really brave and clever like Gordon Brown have the required skill.

Hang on Errol, don't dismiss this out of hand.

Yes, weak willed wimps like Merv might be involved in bailing out bankers and placating the populus with QE and low interest rates, but think about the possible end game. I for one will gladly base jump or even join a fight club, but spending a decade in a basket case economy like Zimbabwe? Now that takes real balls. If Blanchie-babes really is up for that kind of future, at his age, I say the boy deserves a lil respec. ;) Having said that, calling Georgie-porgie a coward for wanting to sidestep the dare is a trife childish .....

Edited by Sledgehead

Share this post


Link to post
Share on other sites

http://blogs.telegraph.co.uk/news/benedictbrogan/100059580/a-penny-here-a-penny-there-soon-youre-talking-trillions-of-debt/

Matthew Sinclair has taken on the ‘will it really hurt?’ debate over at ConHome, and included this TPA video which argues that the national debt is far far worse – £8 trillion – than the Government lets on. It’s striking, though I wonder if even with pennies the numbers become too quickly incomprehensible.

According to the Telegraph the UK has £8 trillions of debt now. The highest figure I've seen quoted. The previous highest was about £5.5 trillions.

And Blanchflower still wants to spend spend spend.

He can't have heard of the paradox of spendthrift.

Edited by billybong

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 189 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.