Saturday, October 18, 2008

And When This Is Spent?

Darling to fast-track public spending

Plans to fast-track billions of pounds of public spending on building projects such as new schools and hospitals are being drawn up by Alistair Darling to give an emergency boost to the British economy as it heads into an expected recession in 2009.

Posted by renting2 @ 12:07 PM (1150 views)
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12 thoughts on “And When This Is Spent?

  • The US too:

    http://www.washingtonpost.com/wp-dyn/content/article/2008/10/17/AR2008101703368.html?hpid=topnews

    This is like me maxing out on every credit card I’ve got just to maintain my lifestyle for a few months more hoping that ‘something will turn up’.

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  • This guy is as thick as his eyebrows. He’ll tax people to build something they don’t need making them poorer, making them stop trading to protect their risk level, making sudden changes in the economic framework and collapsing all those business that planned for life to go on.

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  • That’s right. Tax receipts down, up spending! Like we can afford it? How’s about a freaking Tax cut, funded by troop withdrawal? Trade, not war? Your spending and savings will boost the economy immeasurably better than incompetent, compromised Darling!

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  • This is no more than Labour learning from the experience of the Democrats in the US under Clinton. The Democrats, having used up their political capital to balance the budget and create a surplus in the 90’s, had to sit back and watch Bush “win” the election in 2000 and blow through all the money that they had saved. Labour is simply driving the country into as much debt as possible, knowing that they have no chance of winning the next general election. They’ll now sit back and watch the Conservatives be forced into raising taxes and cutting spending, which they hope will just about guarantee a return to Labour in power in the near term.

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  • stillthinking says:

    Umm… So Polish workers who remit their wages back to euros will be protected from the downturn. Thank god. I was worried about them.

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  • richc – exactly right. They care more about screwing the conservatives than doing what’s right for this country. Unbelievable that they will get away with this.

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  • Just goes to prove that Politicians are utter scum who have only their self interest at heart and not the long term well being of the country and the voters (in this case the dumb suckers) who voted for them.

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  • This is like a mate’s wife’s driving – she speeds up when she gets to tight corners in traffic in much the same way as someone jumping over a fire might run faster.

    Of course, accelerating towards the accident won’t make you more likely to escape it.

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  • Paul::

    is she driving a BMW?

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  • Please note people this is ‘public spending’… we need to pay more taxes, the age of greedy materialism is gone… how much more ‘private wealth’ do you need? It gets sick after a while.

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  • Quite probably.

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  • who stole my pension? says:

    Scorthced earth policy. They know that things are so bad that it will shortly no longer be possible to manage the country. That is why they are trying to get our brave soliders’ to walk the streets in their uniform – it’s nothing to do with pride for the arm forces but more to do with intimidating the public!

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