... didn't our Coalition do well?

They forsaw the problem - and took pre-emptive action, and as a result we are well on the way to paying off (Labour's) debt.

We also have our credit rating intact.

In The Know wrote:
didn't our Coalition do well?

we are well on the way to paying off (Labour's) debt

The answer to the question is 'no' - and no, we are not well on our way to paying off our National Debt which currently is over £900b and expected to significantly exceed £1,000b (a trillion) this year.

no..what's happened is treasurers around the world are still in the thrall of these corrupt ratings agencies like Moodys, Stand and Poors etc ..who come my day will be taken out , put against the wall and shot !!

(...along with those who would dare suggest Scrooge McDuck should replace Prince Phillip ! )

Miliband (and Balls !) admit that the Coalition was right all along (well ... they accept everything they've done and won't change it !)

www.bbc.co.uk/news/uk-16565866

Renata wrote:
The answer to the question is 'no' - and no, we are not well on our way to paying off our National Debt which currently is over £900b and expected to significantly exceed £1,000b (a trillion) this year.

Not sure about your figures .... but wouldn't (Labour's) debt be far higher if the Coalition had not taken pre-emptive action, and ignorred Labour's plan to spend ! spend ! spend ! ?

In The Know wrote:
Renata wrote:
The answer to the question is 'no' - and no, we are not well on our way to paying off our National Debt which currently is over £900b and expected to significantly exceed £1,000b (a trillion) this year.

Not sure about your figures .... but wouldn't (Labour's) debt be far higher if the Coalition had not taken pre-emptive action, and ignorred Labour's plan to spend ! spend ! spend ! ?

Looking at the current mess,overall this is the best way.The markets are even more cruel than in '91,and political correctness will not cover up economic stupidity.
The chancellor looking to asia more than europe is at least a good sign,the Euro is finished,and maybe even the EU in it's current form.

In The Know wrote:
Miliband (and Balls !) admit that the Coalition was right all along (well ... they accept everything they've done and won't change it !)

www.bbc.co.uk/news/uk-16565866

that's politicians for you.

Indeed..spend spend spend is the only way out of the mess.

They did in Australia in 2008..gave every dole scrounging mum a thousand quid to spend...now the country is going gangbusters.

veritas wrote:
In The Know wrote:
Miliband (and Balls !) admit that the Coalition was right all along (well ... they accept everything they've done and won't change it !)

www.bbc.co.uk/news/uk-16565866

that's politicians for you.

Indeed..spend spend spend is the only way out of the mess.

They did in Australia in 2008..gave every dole scrounging mum a thousand quid to spend...now the country is going gangbusters.

Under normal circumstances I would agree,in fact I remember the USA did something similar...however you also have the added factor that you have to pay it back,and look at the current interest rates some EU countries are paying.
Australia is not a similar economic model to the UK,and as such a stimulus package will affect it in different ways.

veritas wrote:
Indeed..spend spend spend is the only way out of the mess.

They did in Australia in 2008..gave every dole scrounging mum a thousand quid to spend..

... but spending money we dont have is how we got into this mess !

The bill will arrive shortly, veritas !!!

In The Know wrote:
veritas wrote:
Indeed..spend spend spend is the only way out of the mess.

They did in Australia in 2008..gave every dole scrounging mum a thousand quid to spend..

... but spending money we dont have is how we got into this mess !

The bill will arrive shortly, veritas !!!

the reason you don't have it is because tax avoidance has been made legal by allowing corporations to base themselves off-shore.

News Corp being a prime example..paying a fraction of tax on it's profit.

ITK thinks that if you made an entity pay it's tax they will up stakes and go elsewhere...like people in the Caymans would actually read The Sun

Innocent- indeed FDR created the role model..but he didn't have the money either. It was financed by government bonds and why government debit is built into the US Constitution.

Only the meek and middle class Tories believe debt is bad..there wouldn't be any mortgages in the country under that thinking.

Since Thatcherism the bulk of debt has been transferred to working people via a number of scams. Destroying unions and enslaving the bulk of people in their jobs without security plus encouraging 'home ownership' ( and maybe even an investment property)...enslaving lives and thus become in servitude to banks.

ITK's fantasy is that Britain had a Labour government for the paste decade. All it had was a Tory Lite..wets posing as Labour. Now it has the real deal....brrrrr