Saturday, Jun 22, 2013

Chop, Chop!

Telegraph: Osborne to cap welfare spending

"George Osborne will unveil a fundamental overhaul of spending this week by outlining plans for limits on previously uncontrolled parts of the public finances, such as housing benefit". Are we a nation living beyond our means or are we scratching around looking for savings in order to fund our plutocracy?

Posted by alan @ 09:42 PM (2523 views)
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7 Comments

1. vinrouge said...

Both. - But I don't know which costs us more.

Saturday, June 22, 2013 10:08PM Report Comment
 

2. stillthinking said...

I think as things start to bite whats going to happen is that core state spending, i.e. transfer payments to those associated with the state, are going to be maintained while payments on provided services are going to be reduced. There is no way that the government could even pretend to be supplying 50% of the needs of society although thats their expenditure.

In this case though as housing benefit is essentially a bribe to the electorate, pseudo state workers if you will, its good to see its finished because there will be knock on benefits in terms of housing costs. Notice he didn't say he is transferring housing benefits to construction of social housing.

Sunday, June 23, 2013 04:02AM Report Comment
 

3. mr messy said...

for too long this country has allowed uneducated uncivilised people to come into this country for a lifetime of benefits, for many this is the land of milk and honey, how many other countries would stand for this , osborne is not getting to the heart of the problem for fear of upsetting the do gooders . the counry is finished there is no recovery, the repercussions are going to be terrible and it cant be far off now

Sunday, June 23, 2013 07:53AM Report Comment
 

4. pete green said...

correction: Osborne is not getting to the heart of the problem for fear of upsetting the rentiers, landowners and those that benefit from suppressed wages and increase rents of monopolies, i.e. the political class from which he is from. The counry is finished, there is no recovery, the repercussions are going to be terrible and it cant be far off now

Sunday, June 23, 2013 11:40AM Report Comment
 

5. happy mondays said...

@ pete green - the repercussions are going to be terrible and it cant be far off now - Can you elaborate on that? Do you mean a Brazil type protest or financial upset etc!

Sunday, June 23, 2013 12:00PM Report Comment
 

6. mark wadsworth said...

@ Vin Rouge, cash spending on working age and child welfare incl child benefit is a shade under £70 billion a year, shared out between five million poor adults and as many kids (that's a tenth of government spending or a twentieth of GDP)

Cash spending on corporate welfare, bank subsidies, waste, corruption gold plated pensions and quangocrats is something like £150 billion a year. That is shared out between ten thousand rich people and that is what is causing the deficit.

Sunday, June 23, 2013 01:20PM Report Comment
 

7. pete green said...

@ 5 HM - I was paraphrasing mr messy's post above mine. I have no idea if things will get ugly but previous 'supercycle' property crashes such as the ones of the 1870's and 1930's do tend to trigger off a violent swing by the right and to war and conflict as a reaction by those elites trying to protect their monopolies from the masses.

Watch this film by Fred Harrison who tries to explain that:

http://www.youtube.com/watch?v=Nbw_INDttic

Sunday, June 23, 2013 05:08PM Report Comment
 

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