The Centre for Policy Studies is keen on making infomercials to accompany their research. They’re pretty good:
A worrying poll undertaken by the CPS has found that only 10% of the British public realise the Coalition intends to raise the national debt by £600 billion this Parliament.
You thought this government was cutting debt?
How Mervyn King Lost Bank Battle War | WSJ
BBC Corporation Tax Horror Story | IEA
Sally Bercow Judgement in Full | Mr Justice Tugendhat
Commies Blame Capitalism For Terror Attack | The Commentator
Lord Black v Press Regulation | Guardian
Osborne’s Complacency | FT
DWP’s Welfare Failings | Isabel Hardman
Get Used to Coalitions | David Aaronovitch
Woolwich a Showcase in the Banality of Evil | Fraser Nelson
The Enemy Within | Max Hastings
Muslim Led Military-Style Free School Needed | Toby Young
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Ed Balls stretches credulity by claiming he isn’t ambitious…
“I would love to be part of Ed’s Labour government but what I do next for me is not an all-consuming passion. I’m more bothered, in a personal sense, about getting to grade 8 piano by the time I’m 50.”
Ned Flanders – Clegg
Lisa Simpson – Natalie Bennett
Milhouse – Hilary Benn
Martin Prince – Andy Burnham
Edna Krabappel – Luciana Berger
Crazy Cat Lady – Glenda jackson
Comic book guy – John Prescott
Carl – Chucka
Lenny – Philip Hammond
Willie – Eric joyce
Poochie – Gordon Brown
Reverend Lovejoy – Tony Blair
£600bn, shurely…
It really makes you feel good that all this money is going to benefit spongers, public sector parasites, foreign bank accounts, Euro expenses and MP expenses. When we’re all paying this back over the next 20 years it will really feel good to know this.
Labour operate as if the glazier’s fallacy was a sensible economic jungle guide and socialist training manual . Well worth a read if you don’t already know it:
http://en.wikipedia.org/wiki/Parable_of_the_broken_window
Gordon was David and the UK economy was Goliath.
He catapulted those windows good…
In the same way that the very large subsidy given to public transport in London totally distorts the housing prices in London.
But everyone who takes money from the public sector is ‘good’. Anyone who cuts is ‘baddie’.
Yes? And your point, although very well made, beautiful in it’s brevity and concisley true, is…..?
Alfonso!! Get greased up and bring the KY and a large cold Pinot – Mamma feel the lurve!
Sent from my TenaPad: Polly2facedleftyloon@Gruniad.lichtenstein.org
Doesn’tmatter at the rate I’m printing money it will seem like peanuts in a few years time
Only if the you think that the government won’t pay
1. PFI
2. Civil servants any pensions
3. Abolish the state pension
4. Abolish the state second pension
5. Default on bank guarantees
6. Leave Postie high and dry after nicking his pension fund.
7. Leave Rail Track high and dry for its debts.
…
Yep, its not just 600 bn. Over 5 years is closer to 2,400 bn
You mean billion, not million
.
600 billion, silly, not 600 million.
This story was in the Independent yesterday, your either in front of the Indie or miles behind it eh Guido?
Sent from my BlackBerry® wireless device
WTH uses a blackberry these days!?
Rioters, drug dealers, scammers.
And politicians.
Yep
*tries harder*
Yep
WOOOOT !!!
I thought I might buy Blackbury and use my computer magic to transform it’s fortunes…
Like me. Sheer fucking class.
Blackberries give me the pip.
Debt is not a problem!
I think you’ll find that’s £600 billion, not £600 million. But what’s a little difference like £599,400,000,000 between friends?
do you know if you piled that up in pound coins we could have our very own space elevator. ” Ha smoke that, septics”
or put a nickle alloy wall around the place
Woweee. you could make boris island with that much money.
10 times over…
Or twice if you only very mildly pessimistic. ie realistic.
Or fill in the whole Thames Estuary
It suits Labour to confuse the voters with the interchangeable use of deficit and debt. Hence deliberate confusion marketing equating the nominal 850bn of bank ‘guarantees’ with 850bn quid national debt – suggesting that the bank guarantees were the sole cause of an 850bn quid national debt.
It might be suiting the T*ries too. If people realised just how fucked the economy was then they’d all stop spending. Apart from Labour obviously.
The BBC/Nu Labour/ The Guardian and the Unions don’t call it debt, they call it “investment in public services”
So next time you want to go to the pub for a pint with your mates, just tell your wife that you’re “off to invest in my local community”
See if she buys it.
My missus just spent the entire weekend ‘investing in the local community’. I didn’t fall for it.
Wanna buy some photo’s of your missus?
I’ve got lots already.
I think you’ll find you DID ultimately buy it, jgm2!
It suits the Tories because it helps fool Johnny foreigner into thinking that they are serious about tackling the debt problem. In the last twelve months government spending rose 2.6%.
And look at the graph in the Guardian link showing money coming in v going out since 1963. Every year the orange line is above the blue one means national debt is increasing.
http://www.guardian.co.uk/news/datablog/2010/apr/25/uk-public-spending-1963
You can clearly see from this graph that the deficit was at its lowest in the first few years of Blairs Government when by their own admission they stuck to the spending restraints as set out by the last Conservative administration.
Now look at the steep rise in spending over the next few years as Brown cuts loose from reality.
Further to this there is a secondary and even steeper acceleration of spending which corresponds to the time Brown becomes PM and note the cheeky little reduction in tax revenue which also occured around this time as Brown attempts to buy the impending election.
Im surprised the Guardian printed this as it lays bare the Idiocy of Brown in no uncertain terms.
Size of QE – 375 bn
How many Gilts has the government bought?
345 bn.
So who bought the rest.
1. Banks because they were forced to
2. Annuitants because they were forced to
3. Insurance companies because they were forced to.
I don’t think Johnny foreigner was fooled at all. We were, however, conned.
No because we need a Tory government to cut debt, what we have is Tony Blair with a higher forehead and a loon called St Vince who is Gordon Brown with a bald head.
Cutting taxes and cutting spending is easy.
Any real Troy would start by saving everyone £150 a year tax free by ridding us of the BBC tax.
did someone call?
Notice the Maximum Imbecile deliberately conflating ‘debt’ and ‘deficit’ in that clip. Starts off by claiming he’s planning to halve the deficit then ‘corrects’ himself to halving the debt.
The man is a c*unt. It was deliberate policy to confuse the voters as to just how badly fucked Labour had left the economy. And, if only 10% realise that debt is still going up then it has clearly worked.
Labour are still benefiting from T*ry (and BBC) failure to stress that there are no ‘cuts’ at all. Swooning about the place, blaming every misfortune on non-existent ‘cuts’. And 90% of the voters unaware that there are no ‘cuts’ at all. 90% of the voters thinking that, well, you know, it is a bit harsh to be cutting this or that, we could just cut a little less, it’s not like we haven’t got the debt under control…..
…the statistic you quote (90% ignorance of debt) gives one explanation of why politicians treat the electorate as idiots
its when the ‘mob’ realises the consequences (interest payments in a time of falling disposable incomes) that things become very dangerous
What took them so long to work that out, i have known about the fact the people basically do not have a clue about what the government are doing.
I am wondering who works at CPS as it sounds as if they are not that intelligent, they may have degrees and associated qualifications but that does not equal squat in realm of real world experience and just listening to people in the streets.
but that does not equal squat in realm of real world experience and just listening to people in the streets.
What this reveals is that 90% of people in the streets are utter fucking morons. No wonder politicians don’t listen to them.
A person who does not take part in politics finds himself ruled by his inferiors
Democracy: Where 51 Bob Crows can over-rule 50 Einsteins.
If my theory is wrong, it should only take one Bob Crow to prove it
But Einstein had the sense not to become a politician.
(yes, Its probably an urban myth that he was offered the presidency of #country#we#shall#not#mention# )
My german friend would say to me,
“Do you know that America almost decided to make their national language German” and I would go “fuck me, what a difference THAT would have made to the world”
then some Welsh bloke says the same thing but it is Welsh language and I go ” fuck off”
I like the bit in the vid where Osbourne magics debt into a puff of smoke.
Thank you for taking the time off from sucking Vince Cables cock to tell us that!
Cameron and Osbourne are both Socialists.
There is NO difference between plan Brown to plan Osborne Cameron
If by that you mean socialism for the rich, then you are correct.
The bank bailouts and property/equities shoring up via QE were simply means to privatise the profits and socialise the losses.
Look up the term useful idiot and you may just begin to understand what a fuckwit you are.
Look up respected (non kosher) economists like Prof Michael Hudson to gain some worthwhile insight.
Britain’s richest 5% gained most from quantitative easing – Bank of England
http://www.guardian.co.uk/business/2012/aug/23/britains-richest-gained-quantative-easing-bank
But most of the QE happened when the Labour party were in power.
.
.
perhaps in order to be blessed one needs to be close to what one wants.
.
Be close to BoE if you want to be rich………………..Bankers are.
B close to billionaires if you want to super rich……..TB is.
Be close to politicians if you want power……………..Murdoch was.
be close to the media if you want influence………….Boris is.
.
#whoknows@freedomtochoose.com
It starts off not bad ( with the plastic theme) but looses “punch”, a fair attempt tho’
So what!
‘So weak’
Did that clip go too far and too fast for you, Ed?
But the BBC told us that the nasty Tories are cutting public spending and putting the disabled out on the streets ! So it MUST be true !!!
Unfortunately, the laws of mathematics cannot be legislated away.
So you also regularly get crap hands at Bridge?? Welcome to the club.
We have to bribe the inhabitants of Las Vegas to keep quiet about further Harry revelations
It’s the right thing to do
Do I really live in a country where national debt needs explaining to adults using a cartoon with some children’s music behind it ?
I do don’t I.
Fuck me, this is going to be fun to watch in the next few years.
Ever read The Bell Curve?
Only 50% of the population have an IQ above 100, and only approx 10% have an IQ above 120.
And on top of this we are actually dumbing down as a country via mass immigration from countries with much lower mean IQ per population relative to the UK.
If you are on benefits you can afford to have any size family that you please. More kids = more money. Rent, council tax are compliments of another persons work.
If you can convince your doctor that ‘Billy with the tic’ is disabled then its party time all around with DLA and carers allowance.
“Only 50% of the population have an IQ above 100, and only approx 10% have an IQ above 120.”
Its all that cannabis, innit?
Don’t forget to pay the licence fee – it’s a criminal offence noy to.
Thank you for your attention.
The National Debt started from zero in 1688, at which date it first became distinguishable from the King’s debts. So it took about 320 years to run through the first £650 billion, but it will only take 7 years to splurge the next £650 billion.
I don’t care so much about ‘progressive’ or ‘conservative’. I would settle for ‘competent’.
It trebled from 240bn (ish) in 2001 to 700bn by 2008. Only doubling in seven years is, incredibly, an improvement.
It’s fucking well insane.
And remember there are hundreds of billions of additional debt held off balance sheet in the form of PFI deals.
BBC say: cuts, and now for Ed Balls again: “cutting too far and too fast”, but wonga wonga.com is still very much alive, indeed it’s flourishing.
Competent ? Would’nt that be Pe#achy ?
Competent? Where?
You seem surprised to learn that mass unemployment is expensive. Perhaps you’ll stop voting for it.
You seem surprised to learn that mass unemployment is expensive.
Not as expensive as fake state employment. As demonstrated by the sainted Thatcher and, once again, by Osborne. It’s much cheaper to pay state sector workers the dole (which is all many of ‘em are worth) than 30K a year plus a heated corner office. Plus pension entitlements.
Plus it improves the child poverty statistics.
Will nobody think of the children.
And those children are also going to be hammered to pay back the debts that politicians like Brown have been responsible for racking up.
I am never surprised that voting LieBore turns out to be catastrophically expensive – every time the public vote for the loony smelly sock brigade, we have a chav’s party for a few years (think: Swinging 60′s) followed by a fucking great hangover for the next 15 years (1970′s until about 1985.)
Repeat ad infinitum.
Those who choose to ignore the lessons of history are doomed to repeat it.
How long have you had amnesia, Jimmy?
The Goverment issues billions of IOUs to punters who pay forvthem with real money. We get a juicy commission. Then the Bank of England buys them back off the punters with made-up Toytown money. We get another juicy commission.
It’s an absolute piece of piss to do but, hey, who’s complaining?
It’s people like Gordon who give us a bad name.
I work this out . Wait ….
When the Economic Plans Fail
The Chancellor Wails
When more people become unemployed
or on a low income requiring WTC
The Chancellor Wails
When more people get ill through stress
the Chancellor Wails
But saving face is more important
Than doing what America once said
Or what the IMF then said
Or what the Chancellors very own economists now say
So the Chancellor Wails
So insead of generating growth
The Chancellor has generated despair
So instead of insiring this nation upwards
The Chancellor had kicked it on the floor
Yet the solution is ever so simple
Even a fool like me can get it
QE the debt interest away instead of putting into bankers bonuses
With a more balanced budget invest in jobs that pay a decent living wage
Employment will increase
Unemployment will fall
Less WTC will be paid increasing tax take
Which also gets more from business and payroll tax
Less stress on the NHS
And for the Coppers on the street
National Mood lifts
Debt falls
And the beers are on the Chancellor
Who wails at the (taxpayer subsidised) bar
Wondering why his clear skills in politics
Dont translate into economics.
You see what he failed to grasp
Was that politics is idealistic
Which economics is complex
And the law of unintended consequences can be a bugger
As this nation fails to understand
So the Chancellor Wails
The bedwetters constantly call
For more cash to piss up the wall.
They’re tied up in knots
When the borrowing stops
And their policy’s good for fuck all.
There was a bedwetter from Poland
Who had lots more in common with Hollande
He would spend and he’d spend
And overextend
Until the UK’s in debt and with noland.
Why don’t we ask Owen Jones what to do?
I’m sure the BBC will.
This was a really good story when it was in the Independant.
Desperate smell wafting from Fawkes villas.
My money,and there’s a lot of it,is on Grant Shapps to replace Baroness Warsi as Conservative Party chairman.
Can’t we send her to Obamaland or Ecuador as Ambassadress?
Good idea. She can take Julian in her excess baggage allowance.
Got sick of living in Cyprus?, the Ronnie Biggs syndrome.
Look cretins.
The tax paid by a public sector worker happily pays 40% of their wage. We borrow the remaining 60% over 1 billion years so it costs very little.
The pension and benefits are all millions of years in the future so no need to worry about that at all.
And if that employed person is really just working on union business at taxpayer’s expense, So What?
*sobs*…..
is gillian duffy working for the CPS?