Originally posted by PurpleGorilla
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oh dear: Financial market turmoil could blow a hole in Osborne's budget plans
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Originally posted by seanraaron View PostThere's no reason to ... balance the budget
We aren't really sure what happens if we don't balance the budget in the long run, but we do have an example of a country that threw caution to the wind in that respect: Greece.
Doh!Comment
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Originally posted by BrilloPad View PostYou call this the sun shining? Until there is an interest rate rise I consider it a continuation of 2008....
The Tory path to riches.Comment
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Originally posted by cretinscourge View PostAh yes the current idea du jour of the chattering classes.
We aren't really sure what happens if we don't balance the budget in the long run, but we do have an example of a country that threw caution to the wind in that respect: Greece.
Doh!Comment
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Originally posted by administrator View PostThat you sas?Comment
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Originally posted by BrilloPad View PostWhy not compare ip addresses and let us know?Comment
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Originally posted by cretinscourge View PostAh yes the current idea du jour of the chattering classes.
We aren't really sure what happens if we don't balance the budget in the long run, but we do have an example of a country that threw caution to the wind in that respect: Greece.
Doh!
Of course Britain appears to be too small to emulate the States (doesn't stop this desire for an American-style consumer economy for some reason), hence why we're better in the EU. Unless the plan is to repair the damage Thatcher did to the industrial base and that "Labour" subsequently ignored because "we're post-industrial now?"Comment
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Originally posted by administrator View PostThat you sas?Comment
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Originally posted by seanraaron View PostYes you do and it's been a superpower for over half a century. The balanced budget law in the United States has been a liability more than its fixed anything, but the fact is that you don't need that kind of legislation to keep the economy ticking over, it just needs to be diverse.
But that period may be ending - the collapse may be spectacular.Comment
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Originally posted by centurian View PostLabour never promised to get rid of the deficit, so they wouldn't have missed any targets. Their promise on the deficit was so vague and full of caveats - that the two Ed's could claim success no matter what happened.
So even if we end up in the same level of tulip, it would have sounded better under Labour.
But seriously, Osborne is being hammered for having the balls to set a hard target. He might be a total tulip-up, but at least he's made it easier to measure his degree of tulip-up ness.
Meanwhile the 'cuts' are ideological and don't scrape the surface. Expect more tax rises and debt to carry on toward 2 trillion.Comment
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