Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
Weston debt is just to big it will never be paid of, reality UK debt 2012. $2,026,489,589,041
Weston default is the only solution; kiss your pensions goodbye.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
inevitable keith, there is no way any u.k. government would take the measures needed to wipe out the deficit.
we all know the figure gets higher every day, just a cruel pretence to say that it will be cleared.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Ross - nice to see someone 'from the left' expressing a well informed perspective.
I am looking at things from an economic and not a political standpoint and start from the fact that the mess we are in offers no painless way out at all.
What is needed is to do what is necessary to place the UK economy on a sound footing as quickly as possible. Better short term pain than a long drawn out agony. Some measures will be more damaging than others and, I believe based on good economics, that a big hit on public spending to correct the deficit sooner not later will be least damaging way forward.
We will reach 'the same place' in the end, it is just how long it takes to get there.
Defaults do not offer an answer and many of the weakest and most vulnerable who have no chance to benefit from 'increased economic activity' will suffer the most - particularly the elderly. The 'poor', however you want to define that, unless elderly or genuinely disabled and unable to do any work at all, will benefit from an improved economy and can increase their 'economic activity' as the economy rebuilds. That increase activity may just be getting a job, or doing more overtime or improving their skills and being able to gain higher incomes or switching employers in a vibrant jobs market to increase their income. There are many way people who want to can improve their lot but to do that they need a 'working' economy hence the need to do what is necessary to get that.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
# 123..``I am looking at things from an economic and not a political standpoint``.....if only that were true !!!!!
Without compassion or understanding of the problems ``quick as possible``would cause to the less well off but OK for those
that could weather that awful scenario....crown cuckoo land..
``the poor will benefit...be able to work overtime...improve their skills...gain higher incomes..switch employers``
2.6 million cannot even get a job....
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Thats correct reg, barryw not looking at this from a political point of view humbug lol.
Some hold the view that to hit the richest harder will see them leave the UK
that may or may not be the case, but with the way many hide funds, use loopholes, dont want to play a part, not in it together.
It's the poorest that do the most suffering, for many its difference between eating and not eating, things are looking realy grim
ALL POSTS ARE MY OWN PERSONAL VIEWS