Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: albitz on 06 October 2012, 00:26:01
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More money to Brussels because theyve blown the budget again.When will this madnees end ?
http://money.aol.co.uk/2012/10/05/uk-tapped-for-1bn-as-eu-blows-budget/?icid=maing-grid7%7Cuk%7Cdl4%7Csec1_lnk2%26pLid%3D130648#
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Why am I not surprised by this debacle? >:(
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This cannot carry on, the government surely must listen and give the people a choice. I thought we lived in a democracy >:( >:( >:(
£50 milllion a day and rising >:(
Vote UKIP
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This cannot carry on, the government surely must listen and give the people a choice. I thought we lived in a democracy >:( >:( >:(
£50 milllion a day and rising >:(
Vote UKIP
They say they listen but they dont act on the peoples choices >:(
Vote UKIP :y
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They might listen, but do they hear what people are actually saying
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They might listen, but do they hear what people are actually saying
Pardon?
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They might listen, but do they hear what people are actually saying
Yes, I think they probably do. They just think they know best. >:(
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its time we got out of this swindeling shite
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"From the EU end, it argues that the budget increase is needed because the extra cash should support jobs and growth."
This is an absolute lie, unless they mean supporting their own jobs and growth in their wages and pensions. Government CANNOT provide real productive jobs and most definitely not real growth. >:( >:( >:( >:( Only the private sector can do that. Money spent by government with the exception of some infrastructure projects have a money velocity of typically 0.5, so for every 1% they take in taxes and spend causes a 2% drop in economic output. Why? Because the velocity of money from the private sector is typically 2 to 3 times.
Churchill had this right when he said that governments increasing taxes to get an economy to grow is like standing in a bucket and try to pull yourself up by the handle. ::) ::) ::) ::)
This is why for growth we need to desperately rebalanced the economy towards the private sector to get any growth. This means slashing government spending and tax cuts, so every worker gets a pay rise. :y :y :y :y
This should also lead to the economy growing, unless the population uses the extra money to pay down their personal debts and increase their savings. Personally I think so many people are currently financially stretched at the moment this is unlikely.