Politics Today

tavyred

Well-known Exeweb poster
Joined
Aug 23, 2004
Messages
7,363
But deficit leads to national debt.
Anyway, the IMF was a big supporter of austerity during the Asian crisis. The problem with austerity is that it smothers a nation's economic activity and leads to a breakdown in society. I was already here in Indonesia in 1998 when the crisis started.
It was a very challenging time, believe me. I saw stuff.
Well done Mike you’ve just endorsed Johnson’s (and Biden’s) tactic of large scale borrowing in order to intervene in the economy in the hope that economic activity and productivity are increased.
You should be pleased that Boris shamelessly nicked McDonnell’s plan from Labour’s manifesto from 2017 and made it happen. The left for once, won the argument,
 
  • Haha
Reactions: DB9

Mr Jinx

Well-known Exeweb poster
Joined
Nov 28, 2006
Messages
8,833
Oh god.

We were told for the longest time that if the SNP got an overall majority then there was overbearing case for an IndyRef2. They didn't get an overall majority, but that hasn't stopped them bleating on about their cause celebre.

So the next X years are going to follow something along the lines of:

Krankie: we demand another referendum
Boris: you can't have one
Krankie: but we demand another referendum
Boris: well you can't have one
Ad infinitum....

Then if a court case somehow gets approved in Krankie's favour, Boris just tells pro-unionists not to vote and boycott it.

This is going to rumble on for decades. So tiresome.
 

Alistair20000

Very well known Exeweb poster
Joined
May 5, 2009
Messages
37,935
Location
Hunkered down
Oh god.

We were told for the longest time that if the SNP got an overall majority then there was overbearing case for an IndyRef2. They didn't get an overall majority, but that hasn't stopped them bleating on about their cause celebre.

So the next X years are going to follow something along the lines of:

Krankie: we demand another referendum
Boris: you can't have one
Krankie: but we demand another referendum
Boris: well you can't have one
Ad infinitum....

Then if a court case somehow gets approved in Krankie's favour, Boris just tells pro-unionists not to vote and boycott it.

This is going to rumble on for decades. So tiresome.
How do you define once in a generation ?

That said let WJK have her referendum but as RedPaul posted earlier make her set out the case and we will tell her the divorce terms. Fair but no favours.

Pis*ed off big time with the SNP kicking us in the teeth while they grab our cash.
 

Mr Jinx

Well-known Exeweb poster
Joined
Nov 28, 2006
Messages
8,833
More by-election woe for Starmer.

Next up is Batley and Spen after Tracey Brabin the MP there just became a mayor somewhere.

Looking at its 2019 result, Labour only won by around 3k.

It couldn't happen again could it? Why not twist the knife when they're down.

Popcorn time again (if you have any left!).
 

tonykellowfan

Active member
Joined
Dec 6, 2004
Messages
2,886
Location
Buckingham
Depends on the interest rates ; depends on how much of the debt is in dollars and hence on the exchange rate. If debt is not a problem how come The Chinless Wonder put the country through 10 years of austerity to pay off the debt? Huh?
None of the UK debt is in dollars. Interest rates on most of the debt is fixed for years to come 10/20/30 years. Obviously if rates creep up then it becomes a bit harder each year to get the debt away and the interest we pay would start to increase but the overall bill would not change very quickly. Also when Brown and Darling lost to Cameron, the Labour party manifesto was for even worse austerity than actually happened under the coalition.
 
Top