/dev/null Posted February 27, 2012 Share Posted February 27, 2012 http://www.telegraph.co.uk/news/politics/9107485/George-Osborne-UK-has-run-out-of-money.html The trouble with Socialism is that eventually you run out of other people's money -Margaret Thatcher Link to comment Share on other sites More sharing options...
IDBillzFan Posted February 27, 2012 Share Posted February 27, 2012 Mr Osborne made it clear that due to the parlous state of the public finances the best hope for economic growth was to encourage businesses to flourish and hire more workers. He sounds like Obama. "We need to private sector to get off the side lines. Get into the game. Be patriotic. Start hiring people!" Does anyone know if Osborne also spent the past three years demonizing the private sector as greedy millionaires and billionaires? Link to comment Share on other sites More sharing options...
KD in CA Posted February 27, 2012 Share Posted February 27, 2012 He sounds like Obama. "We need to private sector to get off the side lines. Get into the game. Be patriotic. Start hiring people!" Does anyone know if Osborne also spent the past three years demonizing the private sector as greedy millionaires and billionaires? I wonder if Mr. Osborn has also done everything possible to increase the pay rate of government employees and the power of labor unions at the expense of those same greedy millionaires and billionaires. Link to comment Share on other sites More sharing options...
Doc Posted February 27, 2012 Share Posted February 27, 2012 They're going off the rails on a crazy train. Link to comment Share on other sites More sharing options...
Alaska Darin Posted February 27, 2012 Share Posted February 27, 2012 C'mon private sector! Bail out our horrible decisions! Please? Welcome to America's future. We're pretty far down the same road. Link to comment Share on other sites More sharing options...
Koko78 Posted February 27, 2012 Share Posted February 27, 2012 The Brits just need to pull out the Ben Bernake playbook and start printing more money. You can't run out of cash so long as your presses keep churning it out! Link to comment Share on other sites More sharing options...
DC Tom Posted February 27, 2012 Share Posted February 27, 2012 C'mon private sector! Bail out our horrible decisions! Please? Welcome to America's future. We're pretty far down the same road. But it's okay for the government to bail out the private sector... [/DiN] Link to comment Share on other sites More sharing options...
TPS Posted February 28, 2012 Share Posted February 28, 2012 Wait a minute, weren't most people here singing the praises of the UK's austerity plan a year or so ago? I seem to recall a nice thread about that... If Osborne thinks the UK is out of money, then he should be out of office. What a dolt. Link to comment Share on other sites More sharing options...
/dev/null Posted February 28, 2012 Author Share Posted February 28, 2012 Wait a minute, weren't most people here singing the praises of the UK's austerity plan a year or so ago? I seem to recall a nice thread about that... If Osborne thinks the UK is out of money, then he should be out of office. What a dolt. Yeah a years worth of austerity must be to blame. Decades worth of freebies and handouts? nah Link to comment Share on other sites More sharing options...
meazza Posted February 28, 2012 Share Posted February 28, 2012 Yeah a years worth of austerity must be to blame. Decades worth of freebies and handouts? nah Link to comment Share on other sites More sharing options...
Chef Jim Posted February 28, 2012 Share Posted February 28, 2012 Wait a minute, weren't most people here singing the praises of the UK's austerity plan a year or so ago? I seem to recall a nice thread about that... If Osborne thinks the UK is out of money, then he should be out of office. What a dolt. I think that just shows how !@#$ed they were and how !@#$ed we'll be. Link to comment Share on other sites More sharing options...
Rob's House Posted February 28, 2012 Share Posted February 28, 2012 Wait a minute, weren't most people here singing the praises of the UK's austerity plan a year or so ago? I seem to recall a nice thread about that... If Osborne thinks the UK is out of money, then he should be out of office. What a dolt. Are you serious or are you just trying to get a rise out of people? Because if you're serious I would love to hear your philosophy on how this is supposed to play out, you know, in a world where austerity is a bad word. As far as I can see, Greece lived beyond its means for many years and now they're broke and can barely support themselves with minimal provisions because eventually their credit ran dry and the bill came due. Now most of Western Europe is facing the same type of debt crisis and we've got a national debt the size of our GDP and around $100 trillion in unfunded liability. So the way I see it, all this defecit spending (demand oriented spending/stimulus that I'm told boosts economic growth) has not led to prosperity, but rather to overwhelming debt that appears to be leading us to impending default/bankruptcy. So please, if you will, explain to me how generous, compassionate, and forward thinking progressive left wing economic policy will theoretically pull us back from the brink. I've been asking this for a long time but no one will give me an answer. Can you? Link to comment Share on other sites More sharing options...
Koko78 Posted February 28, 2012 Share Posted February 28, 2012 (edited) So please, if you will, explain to me how generous, compassionate, and forward thinking progressive left wing economic policy will theoretically pull us back from the brink. I've been asking this for a long time but no one will give me an answer. Can you? Extra taxes on corporate jet owners. Forcing the rich to pay their "fair share". Accounting gimmicks that show savings 10 years down the road by not planning on spending money on things that the government wasn't going to spend money on anyhow. Hoping for a change! Yes we can! Kill Whitey! See, it's a pretty clear, well thought out and coherent plan the juvenile left has that will fix everything! Edited February 28, 2012 by Koko78 Link to comment Share on other sites More sharing options...
TPS Posted February 28, 2012 Share Posted February 28, 2012 Are you serious or are you just trying to get a rise out of people? Because if you're serious I would love to hear your philosophy on how this is supposed to play out, you know, in a world where austerity is a bad word. As far as I can see, Greece lived beyond its means for many years and now they're broke and can barely support themselves with minimal provisions because eventually their credit ran dry and the bill came due. Now most of Western Europe is facing the same type of debt crisis and we've got a national debt the size of our GDP and around $100 trillion in unfunded liability. So the way I see it, all this defecit spending (demand oriented spending/stimulus that I'm told boosts economic growth) has not led to prosperity, but rather to overwhelming debt that appears to be leading us to impending default/bankruptcy. So please, if you will, explain to me how generous, compassionate, and forward thinking progressive left wing economic policy will theoretically pull us back from the brink. I've been asking this for a long time but no one will give me an answer. Can you? I'll take the challenge, but I'll have to do bits at a time given my time constraints. The easiest part: you can't compare Greece and the US, because Greece doesn't issue its own currency. They are equivalent to a US state, bound by a political budget constraint. Also, there are two issues you raise about deficits and debt: one is short term related to high unemployment, and the other is the long term unfunded liabilities. I'll return... Link to comment Share on other sites More sharing options...
Chef Jim Posted February 28, 2012 Share Posted February 28, 2012 I'll take the challenge, but I'll have to do bits at a time given my time constraints. The easiest part: you can't compare Greece and the US, because Greece doesn't issue its own currency. They are equivalent to a US state, bound by a political budget constraint. Just a quick FYI we're not really talking about Greece here are we. I believe the OP was about the UK. Link to comment Share on other sites More sharing options...
ieatcrayonz Posted February 28, 2012 Share Posted February 28, 2012 http://www.telegraph.co.uk/news/politics/9107485/George-Osborne-UK-has-run-out-of-money.html The trouble with Socialism is that eventually you run out of other people's money -Margaret Thatcher It is not surprising that UK has run out of money. It costs a lot to have a top NCAA team these days and there is a lot of pressure there. Kentucky is definitely a hoop state. Link to comment Share on other sites More sharing options...
3rdnlng Posted February 28, 2012 Share Posted February 28, 2012 It is not surprising that UK has run out of money. It costs a lot to have a top NCAA team these days and there is a lot of pressure there. Kentucky is definitely a hoop state. So the solution is to throw the ball back in their court? Link to comment Share on other sites More sharing options...
/dev/null Posted February 28, 2012 Author Share Posted February 28, 2012 I'll take the challenge, but I'll have to do bits at a time given my time constraints. The easiest part: you can't compare Greece and the US, because Greece doesn't issue its own currency. Greece can't, but the UK can Link to comment Share on other sites More sharing options...
IDBillzFan Posted February 28, 2012 Share Posted February 28, 2012 Extra taxes on corporate jet owners. Forcing the rich to pay their "fair share". Accounting gimmicks that show savings 10 years down the road by not planning on spending money on things that the government wasn't going to spend money on anyhow. Hoping for a change! Yes we can! Kill Whitey! And don't forget, all will be well as soon as we can get more Americans to drive cars fueled by algae. 'Cause algae's everywhere. It's on rocks and stuff. Link to comment Share on other sites More sharing options...
Alaska Darin Posted February 28, 2012 Share Posted February 28, 2012 Just a quick FYI we're not really talking about Greece here are we. I believe the OP was about the UK. TPS has never been great at staying on topic when he's going to take an ass whipping. Fiscal conservatives in the UK have been sounding the alarm for DECADES. They'd look a hell of a lot like Greece if they'd gone all in on the Euro - luckily for them they didn't. The fiscal conservatives in the US (not Republicans) aren't wrong either. We're pretty much screwed unless a miracle happens. The Administration is floating the idea of raising military TriCare premiums 345% as one way to close the gap. These are the "ideas" we deserve because we keep electing these buffoons. And don't forget, all will be well as soon as we can get more Americans to drive cars fueled by algae. 'Cause algae's everywhere. It's on rocks and stuff. Link to comment Share on other sites More sharing options...
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