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When Are We Going To Stop Blaming Gordon Brown?

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We right wingers keep complaining about the ongoing blame of Fatcher for everything - but let's examine ourselves.

At what point do we pass responsibility for the current situation onto the CURRENT govt? When and How?

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We right wingers keep complaining about the ongoing blame of Fatcher for everything - but let's examine ourselves.

At what point do we pass responsibility for the current situation onto the CURRENT govt? When and How?

When they do something really stupid.

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Politicians love this stuff, because it assumes each one is capable of making the difference.

“The ideas of economists and political philosophers, both when they are right and when they are wrong are more powerful than is commonly understood. Indeed, the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually slaves of some defunct economist.”

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When government debt is back at the same level as it was in 1997 seems like a reasonable option.

Given that it's doubling every ~5 years that might be some time.

net-debt-billion-nominal-500x428.png

UK-National-debt-End-of-Labour-governemnt-Vs-End-of-Tories-1st-term-Spring-2015-%C2%A3bn-a.png

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Politicians love this stuff, because it assumes each one is capable of making the difference.

"The ideas of economists and political philosophers, both when they are right and when they are wrong are more powerful than is commonly understood. Indeed, the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually slaves of some defunct economist."

Why can't 'Think Tanks' only be paid when the Govt uses one of their ideas and it is put into action successfully?

Brown was wasting over £20 BILLION a year

We'll soon suss those only in it for the troughing and the true 'patriots'

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Wasn't it lower around 2001?

Not sure if that's when it bottomed out but, yes, it certainly went lower after Labour took charge. Brown promised to stick to existing Tory spending plans for 2 years IIRC and did so. After that, and following the dot-com bust, borrowing went up every year into the boom of course. I think it would be unreasonable to require debt to be back to the 2000/2001 level though in order to stop blaming Brown. Just getting it back to where it was when he came to power seems about right to me.

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Given that it's doubling every ~5 years that might be some time.

I'm not quite so pessimistic. It is possible to get debt down quickly once the will to do so has been established. Historically, we've paid off much bigger amounts:

uk_debt_100_p.png

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I'm not quite so pessimistic. It is possible to get debt down quickly once the will to do so has been established. Historically, we've paid off much bigger amounts:

uk_debt_100_p.png

+1

that graph also illustrates how GB managed to spend the same amount YOY bailing out his chums the banksters as previous PMs needed to fight world wars. The mind boggles.

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I'm not quite so pessimistic. It is possible to get debt down quickly once the will to do so has been established. Historically, we've paid off much bigger amounts:

uk_debt_100_p.png

That's a little misleading, because the post-war peak is more due to being (literally) bombed-out. Debt to GDP fell rapidly as GDP revived.

You can't do post-war reconstruction from where we are today. Not even China is growing that fast.

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That's a little misleading, because the post-war peak is more due to being (literally) bombed-out. Debt to GDP fell rapidly as GDP revived.

You can't do post-war reconstruction from where we are today. Not even China is growing that fast.

I was actually looking at the pre-war post 1930s depression period. Granted that was possibly influenced by re-armament prior to the next war. Another reference point would be the Canadian debt paydown during the 90s. It's never going to be easy without much growth, but it is possible. The real key is to keep paying down once the figures turn positive rather than to do a Gordon or a Nigel and spend into a boom.

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When they do something really stupid.

Stupid like spending 5 years going around telling everybody they are cutting public spending when they are in fact increasing it?

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Stupid like spending 5 years going around telling everybody they are cutting public spending when they are in fact increasing it?

I'm not sure if it's fair to categorise that as a mistake. Osbourne's aim's are reasonable, the problem is that the country is so f***ed that he has little to no control, whatever he does doesn't matter, we've passed the point of no return, the greatest mind who's ever lived couldn't solve the problems we have today.

I'm just off to kill myself now. :(

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Regardless of views of Thatcher , Osborne etc etc why would any human with a functioning brain feel there is a case to defend Gordon Brown or care when he stops being blamed .

Are some people of the opinion that this idiot did anything other than destroy our country's economy . In 1997 it was as strong a shape as it had ever been in and getting stronger , within 10 years he'd ridden North Sea oil , the explosion of the Internet, the growth of china and the most peaceful decade in Europe since Victorian times and still managed to sell off the country to spivs , speculators, and crooks just so he could pay off his base vote and stay in power .

When redemption was offered to the UK by the market he bucked this also by placing the next three generations into debt just to bail out spivs his government had knighted .

The mind boggles it truly does

Edited by Sir Harold m

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  • 241 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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