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Osborne: Uk Has Run Out Of Money


'Bart'
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The Government 'has run out of money' and cannot afford debt-fuelled tax cuts or extra spending, George Osborne has admitted.

But will-of course- be more than willing to bail out any financial institution that finds itself at risk of being unable to meet it's staff remuneration bill. :rolleyes:

It's a surreal world where nation states are bust but the bonus's just keep on coming.

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Just let people opt out of being 'governed'. Let people tear up their 'social contract' (which they never signed or directly agreed to, so is therefore fraudulent anyway).

Then, organise yourself and organise with others, to go about your lives without state theft funding anything you need.

Either the state will learn how to govern people successfully or it will be cast aside as surplus to requirement. I doubt they will manage the former, so the latter seems somewhat inevitable.

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2. Anyone who earns more than £250k should pay for their own healthcare

Are they are allowed to opt out of NHS and pay a reduced NI/Tax then? Or you want them to pay the taxes, but not allowed to use the healthcare ?

3. Anyone who owns a house worth over £180k should have to pay 100% for their eldercare

And again, are they allowed to pay a reduced council tax for reduced services ?

4. GP's should be outsourced and be paid as self employed per appointment

5. We should move as quickly as possible towards LVT and planning regulations should be reduced dramatically

These 2 I agree..

6. EU immigrants should be asked to leave, to hell with the consequences as actually they wouldnt be too great as they cannot kick us out

Are they not 'people' too? Are the other EU countries allowed to reciprocate on this 'favour' ?

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The Uk has got to look very seriously at where it spends its tax money in order to slash taxes

1. Out of afghanistan ASAP, the armed forces are only for use against direct threats to the crown and her protectorates

2. Anyone who earns more than £250k should pay for their own healthcare

3. Anyone who owns a house worth over £180k should have to pay 100% for their eldercare

4. GP's should be outsourced and be paid as self employed per appointment

5. We should move as quickly as possible towards LVT and planning regulations should be reduced dramatically

6. EU immigrants should be asked to leave, to hell with the consequences as actually they wouldnt be too great as they cannot kick us out

A fair tax system would be one where everyone pays the same percentage of their income.

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What he means is 'We've run out of money for you lot, but we're fine thanks'.

Get troops out of Afghanistan/Iraq/ and anywhere else we have 'special advisers' in useless 'non-wars'

Don't fund Trident replacement - scrap the useless ******er.

Put 0.5% wealth tax on property / pa

Tax second homes into non-existence

Legalise soft drug use and license it.

Legalise prostitution and license it.

Ban public sector from using outside agencies (consultants), to make decisions - that's what management is for.

Ban politicians from voting on their own pay rises and expenses.

Insist EU audit accounts before paying any more contributions.

Half tax on cigarettes (reduce pensions problem).

Reduce retirement age to 60-reducing youth unemployment.

Enforced pension contributions.

Withdraw from human rights act.

Scrap legal aid - move to 'no win - no fee'.

Stop international aid budget - put's this country on edge of doggy places so we can be awarded contracts.

Work for benefits

Scrap majority of useless paper pushing exercise red tape for business

Job done.

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Shocking admission that he has no idea how economies work.

Even Thatcher abandoned her Austrian leanings in the teeth of the depression she created.

One might have thought wee George might know better but apparently he hasn't a clue.

Which is very scary indeed.

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I heard a presenter on the radio reading the front pages of today's newspapers.

He read the one from the Telegraph about the UK being broke, then laughed when he read today's front page headliner from the Daily Express...."Britain Bounces Back at Last".

http://www.express.co.uk/posts/view/304698/Britain-bounces-back-at-last.

Snippets from article...

BRITAIN BOUNCES BACK AT LAST

BRITAIN has escaped a return to recession and is bouncing back towards prosperity, key economic data will show this week.

Figures for manufacturing, construction and retail are set to reveal growth at last after months in the doldrums.

The triple blast of upbeat news will cheer Treasury officials, who were boosted last week by figures showing the drive to cut Britain’s record debt is ahead of schedule.

It will also raise hopes that George Osborne can ease the tax burden on millions of families in his Budget next month. “We are committed to a real increase in the income tax personal allowance each and every year,” the Chancellor said yesterday.

City insiders are increasingly hopeful that 2012 will be the year Britain’s economy roared back and believe the worst of the financial squeeze is over. Official figures showed a 0.2 per cent contraction in the economy in the final three months of last year, spreading fears of a return to recession.

But the latest reports suggest the economy has been on the up so far this year.

Paul Fisher, executive director for markets at the Bank of England, acknowledged that the expected double-dip recession had not materialised.

“At the moment the downside risk from that doesn’t seem to be crystallising, we don’t seem to be continuing to slide down this negative growth,” he said.

Kevin Daly, an economist with Goldman Sachs, said: “Our current activity suggests that momentum picked up in early 2012...

...Recently revised economic figures from Goldman Sachs suggested that the squeeze on incomes had passed the peak reached in the financial year 2010-11....

...Official figures last week showed the Treasury had a £7.8billion budget surplus, suggesting the Government will borrow less than the £127billion expected by the Office for Budget Responsibility this financial year.

Some financial experts believe the total borrowing may be around £10billion less than expected, giving the Chancellor some leeway in his Budget on March 21

Mr Osborne yesterday confirmed that his Budget will continue his policy of raising the income tax threshold to take the lower-paid out of the tax net. He also insisted he would not borrow extra money to offer tax cuts.

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LINK

This year's budget statement should be worth listening to.

Relying on the private sector? That might be a tad wishful.

Will the UK drown any growth in red tape?

The guy is a genius really and full credit to him. Lots of talk about slashing spending whilst borrowing £120-140bn a year, printing and spending like Weimar is back in fashion. 33% of the entire debt stock will be owned by the BOE after the latest QE, the interest going in circles between the treasury and the Bank. Why not do the lot; he could probably pull it off.

No one actually bothers to read the actual budget, Osborne does such a great job playing the Tory budget slasher. A miracle the UK has not already been downgraded by at least one agency (not that it would matter).

With the Draghi put in place no need to worry about the EZ collapsing anytime soon. All coming up roses currently for Osborne currently.

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What he means is 'We've run out of money for you lot, but we're fine thanks'.

Get troops out of Afghanistan/Iraq/ and anywhere else we have 'special advisers' in useless 'non-wars'

Don't fund Trident replacement - scrap the useless ******er.

Put 0.5% wealth tax on property / pa

Tax second homes into non-existence

Legalise soft drug use and license it.

Legalise prostitution and license it.

Ban public sector from using outside agencies (consultants), to make decisions - that's what management is for.

Ban politicians from voting on their own pay rises and expenses.

Insist EU audit accounts before paying any more contributions.

Half tax on cigarettes (reduce pensions problem).

Reduce retirement age to 60-reducing youth unemployment.

Enforced pension contributions.

Withdraw from human rights act.

Scrap legal aid - move to 'no win - no fee'.

Stop international aid budget - put's this country on edge of doggy places so we can be awarded contracts.

Work for benefits

Scrap majority of useless paper pushing exercise red tape for business

Job done.

Paging Senator Paul..

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A traction engine?

Toot, toot.

:lol:

Amusing, but no, we're not the same person.

Taxation is either outright theft or is unlawful due to the fraudulent formation of the 'social contract'. Either way, forcing people to do things by threatening to violate them, is hardly civilised - it is state slavery.

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:lol:

Amusing, but no, we're not the same person.

Taxation is either outright theft or is unlawful due to the fraudulent formation of the 'social contract'. Either way, forcing people to do things by threatening to violate them, is hardly civilised - it is state slavery.

Highly wealthy individuals and Big Business avoid Trillions in UK taxes fiddling the wealth off-shore

No ferkin worker in this country need pay any taxes if the CORRUPT GOVT/WESTMINSTER collected their fair share of taxes!

The BIG CON is you are told the rich individuals will go elsewhere - well let them! Why should they take advantage of trading in our 'stable' country without putting all their dues back into the UK's Social Structure

I'm old enough to remember THE BRAIN DRAIN around Thatchers time

Nothing changed - in fact Silicon fen around Cambridge appeared, science parks and loads of other stuff.

So innovative people step in and fill their places - it's just short termist Govt Etonians putting the uber wealthy interests before the population so they can hang on and thieve more from our Nation.

Millions of immigrants would not understand this when they vote either!

Edited by erranta
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To be fair, for the majority of human history, innovation has been heavily stifled; an example would be the Romans who did very little in the way of innovation in 800 years.

Bad example, over the course of 800 years there was a lot of innovation including the invention of concrete, development of fast food, roads, aqueducts, public sewage systems, under floor central heating (ok gonna leave it there before I start to sound like a poor man's Monty Python!).

The big difference was a moral one in that it was socially acceptable to keep other humans as slaves, something which is frowned on now, you don't need to develop combine harvesters if you own a few hundred slaves (and as a matter of fact they also developed devices for harvesting cereals so bad example yet again).

I saw a documentary some time ago about the Greeks and the fact they discovered rudimentary principles of steam power before even the Romans were around, their answer for why the Greeks didn't have an industrial revolution 2200 years ago was that they took the discoverer to one side and said to him "Look old chap your going to have to drop this, what will we do with all the slaves?", though of course it was just as possible that it was considered a mere curiosity and nobody had the intuitive leap to "Hey we could do stuff with this!"

http://en.wikipedia.org/wiki/Aeolipile

Of course the way we're going slavery could be said to have made a modest return :D

Edited by madpenguin
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Bad example, over the course of 800 years there was a lot of innovation including the invention of concrete, development of fast food, roads, aqueducts, public sewage systems, under floor central heating (ok gonna leave it there before I start to sound like a poor man's Monty Python!).

The big difference was a moral one in that it was socially acceptable to keep other humans as slaves, something which is frowned on now, you don't need to develop combine harvesters if you own a few hundred slaves (and as a matter of fact they also developed devices for harvesting cereals so bad example yet again).

I saw a documentary some time ago about the Greeks and the fact they discovered rudimentary principles of steam power before even the Romans were around, their answer for why the Greeks didn't have an industrial revolution 2200 years ago was that they took the discoverer to one side and said to him "Look old chap your going to have to drop this, what will we do with all the slaves?"

http://en.wikipedia.org/wiki/Aeolipile

Of course the way we're going slavery could be said to have made a modest return :D

I cant help but think that the industrial revolution needed some stuff that the Romans didnt have, particularly the Scientific Principle, and a more modern banking system. The free thinking ideals encouraged by Protestantism (I'm not religious by the way) were key to this development.

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