Austerity will now last forever

[Wales-Bales]

http://www.bbc.co.uk/news/business-36684452

[Wales-Bales]

Please merge or delete.

http://www.ccmb.co.uk/showthread.php?418156-No-great-surprise-I-suppose

[Elysium]

http://www.bbc.co.uk/news/business-36684452

Where in the article does it say it will last forever?

[Wales-Bales]

Where in the article does it say it will last forever?

Where in the article does it say it will end?

[Wales-Bales]

1.5 trillion in debt , with an annual tax deficit of 70 Billion

How do we tackle that ?

That's the plan :thumbup:

[Mrs Steve R]

http://www.nationaldebtclocks.org/

How the hell did this planet become that? it's pure insanity.

[Wales-Bales]

http://www.nationaldebtclocks.org/

How the hell did this planet become that? it's pure insanity.

Debt is an illusion, it's highway robbery, wake up people!

[az city]

1.5 trillion in debt , with an annual tax deficit of 70 Billion

How do we tackle that ?

1.5T is only 80-odd % of GDP. Calm down. When most people take out a mortgage they borrow 3-5 times their annual income.

[Organ Morgan.]

http://www.nationaldebtclocks.org/

How the hell did this planet become that? it's pure insanity.

Ah, time for my favourite Henry Ford quote. “The one aim of these financiers is world control by the creation of inextinguishable debt.”

Financiers was code for Jewish bankers. He also produced and distributed half a million copies of the Protocols of the Elders of Zion. It is a blueprint for a one world government, all of which has come to pass.

Here's a Jewish take on Henry Ford: http://www.jewishvirtuallibrary.org/jsource/anti-semitism/ford1.html

[az city]

Ok boss - when do you think it is too big then ? :sherlock:

https://en.wikipedia.org/wiki/United_Kingdom_national_debt#/media/File:UK_Debt_to_GDP_ratio.png

The little figures on the left are from 1934 - the big figures on the right are from the crash
549

See Chart 4.02. http://www.ukpublicspending.co.uk/debt_brief.php

Clearly in the past the UK had a much higher (think >250%) debt:GDP ratio and survived. Half of the arguments for austerity out out by the right are based on bogus logic.

[az city]

Will take a look later , if austerity is not the answer - then how come no other country has tried it ?

Hollande in France announced a few years back that he would spend his way of debt , and 12 months later - he changed his mind.

I dont buy all this world domination by Jewish bankers stuff, so leaving that to one side - , most countries have or are trying to pay off some debt as well as get their annual deficit down - which seems a sensible idea to little old me.

The USA has never had austerity budgets. As soon as the effects of the crisis in 2008 became clear Obama instituted the ARRA which involved spending $900B on infrastructure projects and welfare. Honestly, it 20 years it will be seen as a master stroke.

The problem with the southern European countries is the Euro. Fair and square.