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[Varche]

I would rather have the blues in power then anybody else at the moment. What labour have.managed to do to the country in their 11 years in charge is shocking, immigration and getting votes from ethnic minorities. even down to selling off the gold reserves.

We had no other option, we don't need a left wing liberal goverment at the moment, that's for sure.

That's probably how the germans felt in 1933...

but fwiw, I agree

Labour MPs traditionally come from working class backgrounds.

Liberals come from arty farty guardian reading treehugging quiche eating (etc...) backgrounds.

tories are business owning, share dealing, estate agent types.

to my mind, tories are really the only choice to get the country back on course.
plus they'll not be bothered by morals.

We are all doomed then!

[BigAl]

That's probably how the germans felt in 1933...

but fwiw, I agree

Labour MPs traditionally come from working class backgrounds.

Liberals come from arty farty guardian reading treehugging quiche eating (etc...) backgrounds.

tories are business owning, share dealing, estate agent types.

to my mind, tories are really the only choice to get the country back on course.
plus they'll not be bothered by morals.

notice, how none have ever worked in the real world ....

[albitz]

True. And the "working class Labour MP" is a rare beast these days - if they ever did exist.

[Banjax]

Can someone answer me these questions - who do we owe the deficit to and why do we need to pay it?

DC is very fond of comparing it to household budgets where you're spending more than you're bringing in or the easy credit card comparison....except....hang on, can't we literally just print money? what household can do that? and the banks do it every single day literally create money (or, debt as it should be called) so how come the value of the pound doesn't drastically collapse? and if thats the case why are we even bothering to make horrendous cuts, tighten our belts "we're all in this together" bs when its all a big illusion? 

i think we're in danger of swallowing a big fat lie here 

[the alarming man]

well we are as this bunch have done nothing for imigration and as for cutting benefits well all i see is people who need them and dont know how to play the system geting less and the ones who play the system still claiming and getting more

[Lizzie_Zoom]

Every man, woman and child in the UK needs to pay £2,300 extra in tax annually to even the deficit (the annual overspend).

Every man, woman and child in the UK needs to pay £23,000 NOW to cancel the nation debt (has to be now, due to interest payments on it).

So, thats £23k now, and £2.3k extra per year.



I hope that puts things into perspective, as people seem to think all these cuts are unnecessary, and seem to think that the state the UK is in is 100% purely down to the banks, rather than the gross mismanagement of public finances over the past decade and a half. Its that gross mismanagement that we are now having to pay for. And we will pay the price 

How I agree TB, and the facts which you sum up speak for themselves!

It will unfortunately take the coalition some considerable time to reverse what the Labour Government got up to, so no one should expect miracles and make judgements yet   There WILL be much pain to come, but not for the first time in our history that's for sure!

[Mysteryman]

Can someone answer me these questions - who do we owe the deficit to and why do we need to pay it?

DC is very fond of comparing it to household budgets where you're spending more than you're bringing in or the easy credit card comparison....except....hang on, can't we literally just print money? what household can do that? and the banks do it every single day literally create money (or, debt as it should be called) so how come the value of the pound doesn't drastically collapse? and if thats the case why are we even bothering to make horrendous cuts, tighten our belts "we're all in this together" bs when its all a big illusion? 

i think we're in danger of swallowing a big fat lie here 

It's been happening in another area for quite a while now.

[mantahatch]

Can someone answer me these questions - who do we owe the deficit to and why do we need to pay it?

DC is very fond of comparing it to household budgets where you're spending more than you're bringing in or the easy credit card comparison....except....hang on, can't we literally just print money? what household can do that? and the banks do it every single day literally create money (or, debt as it should be called) so how come the value of the pound doesn't drastically collapse? and if thats the case why are we even bothering to make horrendous cuts, tighten our belts "we're all in this together" bs when its all a big illusion? 

i think we're in danger of swallowing a big fat lie here 

For once I agree with BJ (now theres a first) Just who is this "debt" owed to ?  I mean virtually every country in the world has a national debt, so who is the person with the very large wallet bailing out all these countries ?

I am beginning to think it is another colossal scam,

[Allenm]

Can someone answer me these questions - who do we owe the deficit to and why do we need to pay it?

DC is very fond of comparing it to household budgets where you're spending more than you're bringing in or the easy credit card comparison....except....hang on, can't we literally just print money? what household can do that? and the banks do it every single day literally create money (or, debt as it should be called) so how come the value of the pound doesn't drastically collapse? and if thats the case why are we even bothering to make horrendous cuts, tighten our belts "we're all in this together" bs when its all a big illusion? 

i think we're in danger of swallowing a big fat lie here 

For once I agree with BJ (now theres a first) Just who is this "debt" owed to ?  I mean virtually every country in the world has a national debt, so who is the person with the very large wallet bailing out all these countries ?

I am beginning to think it is another colossal scam,

On a national level, the World Bank, and if you have a quick look at the national current account levels, you will realise that we are all owned by China! 
Yes we could refuse to pay I suppose, because we are in a position to ignore any sanctions, given that we manufactuer all we need in the UK and have enough food and energy within our own shores, or of course we can we wake up and realise that you can't just print money as a country any more than you can nip into tesco with monopoly money!

[mantahatch]

Can someone answer me these questions - who do we owe the deficit to and why do we need to pay it?

DC is very fond of comparing it to household budgets where you're spending more than you're bringing in or the easy credit card comparison....except....hang on, can't we literally just print money? what household can do that? and the banks do it every single day literally create money (or, debt as it should be called) so how come the value of the pound doesn't drastically collapse? and if thats the case why are we even bothering to make horrendous cuts, tighten our belts "we're all in this together" bs when its all a big illusion? 

i think we're in danger of swallowing a big fat lie here 

For once I agree with BJ (now theres a first) Just who is this "debt" owed to ?  I mean virtually every country in the world has a national debt, so who is the person with the very large wallet bailing out all these countries ?

I am beginning to think it is another colossal scam,

On a national level, the World Bank, and if you have a quick look at the national current account levels, you will realise that we are all owned by China! 
Yes we could refuse to pay I suppose, because we are in a position to ignore any sanctions, given that we manufactuer all we need in the UK and have enough food and energy within our own shores, or of course we can we wake up and realise that you can't just print money as a country any more than you can nip into tesco with monopoly money!

Would this be the same China we give millions to in aid ?  and where did the world bank get its money from to loan out ?

[Allenm]

Can someone answer me these questions - who do we owe the deficit to and why do we need to pay it?

DC is very fond of comparing it to household budgets where you're spending more than you're bringing in or the easy credit card comparison....except....hang on, can't we literally just print money? what household can do that? and the banks do it every single day literally create money (or, debt as it should be called) so how come the value of the pound doesn't drastically collapse? and if thats the case why are we even bothering to make horrendous cuts, tighten our belts "we're all in this together" bs when its all a big illusion? 

i think we're in danger of swallowing a big fat lie here 

For once I agree with BJ (now theres a first) Just who is this "debt" owed to ?  I mean virtually every country in the world has a national debt, so who is the person with the very large wallet bailing out all these countries ?

I am beginning to think it is another colossal scam,

On a national level, the World Bank, and if you have a quick look at the national current account levels, you will realise that we are all owned by China! 
Yes we could refuse to pay I suppose, because we are in a position to ignore any sanctions, given that we manufactuer all we need in the UK and have enough food and energy within our own shores, or of course we can we wake up and realise that you can't just print money as a country any more than you can nip into tesco with monopoly money!

Would this be the same China we give millions to in aid ?  and where did the world bank get its money from to loan out ?

The world bank gets its money from the current accounts of all the countries - to which China has the largest (Trillions) credit balance.
As to why we give aid to China, go ask your previous MP! DFID signed-up to continue aid payments until 2015 in 2007.

[Shackeng]

IIRC (sadly I'm old enough to) this is the fourth time since WW2 that a Labour Government has, on leaving office, left the country's economy in utter chaos, leaving a Conservative Government to carry out very painful measures to restore our financial credibility world wide. Unfortunately this country relies heavily on exports to maintain its balance of payments at a sustainable level, and unless someone puts us back on track we would be even worse off.

A cynic might suggest that Labour knew exactly what it was doing, spending far more than we earned for years, while knowing full well that the Tories would sort it out with extremely unpopular measures, thus allowing them back in at the next election to start this crazy cycle all over again.

[Lizzie_Zoom]

IIRC (sadly I'm old enough to) this is the fourth time since WW2 that a Labour Government has, on leaving office, left the country's economy in utter chaos, leaving a Conservative Government to carry out very painful measures to restore our financial credibility world wide. Unfortunately this country relies heavily on exports to maintain its balance of payments at a sustainable level, and unless someone puts us back on track we would be even worse off.

A cynic might suggest that Labour knew exactly what it was doing, spending far more than we earned for years, while knowing full well that the Tories would sort it out with extremely unpopular measures, thus allowing them back in at the next election to start this crazy cycle all over again.

Well said, and very true!

Whether or not Labour plan their stupidity could be argued I suppose, but the result has always been there for all to see!

[aaronjb]

IIRC (sadly I'm old enough to) this is the fourth time since WW2 that a Labour Government has, on leaving office, left the country's economy in utter chaos, leaving a Conservative Government to carry out very painful measures to restore our financial credibility world wide. Unfortunately this country relies heavily on exports to maintain its balance of payments at a sustainable level, and unless someone puts us back on track we would be even worse off.

A cynic might suggest that Labour knew exactly what it was doing, spending far more than we earned for years, while knowing full well that the Tories would sort it out with extremely unpopular measures, thus allowing them back in at the next election to start this crazy cycle all over again.

You best call me a cynic, then

[Dishevelled Den]

You best call me a cynic, then

All right then, ya wee cynic ye.