Originally posted by sasguru
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Reply to: Quiz - Who said this is 2006?
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Previously on "Quiz - Who said this is 2006?"
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So why is the deficit rising under the Tories, even though their stated intention is to bring it down?Originally posted by DimPrawn View PostThat's the most stupid thing you've ever said, and that's saying something.
New Labour's view is debt must always rise in order to achieve growth.
Like AtW you're too limited intellectually to do economics, so stick to your HTML coding
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Originally posted by DimPrawn View PostHere's hoping. Is there not a Bush Jr Jr lurking anywhere to save them?
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It all proves that racism is still endemic in the USA. They found the sh1ttiest job in the world and gave it to a black guy.Originally posted by Old Greg View PostBush Jr. cut taxes for the rich during the boom years when he should have been cutting deficit. That would have allowed more room for fiscal stimulus / borrowing during the recession. Obama had a a sh1tty hand and will no doubt pay for it in the election.
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Here's hoping. Is there not a Bush Jr Jr lurking anywhere to save them?Originally posted by Old Greg View PostBush Jr. cut taxes for the rich during the boom years when he should have been cutting deficit. That would have allowed more room for fiscal stimulus / borrowing during the recession. Obama had a a sh1tty hand and will no doubt pay for it in the election.
Nice war in some Arab country to boost their military spending and get some cheap oil in.
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Bush Jr. cut taxes for the rich during the boom years when he should have been cutting deficit. That would have allowed more room for fiscal stimulus / borrowing during the recession. Obama had a a sh1tty hand and will no doubt pay for it in the election.
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The UK has an advantage in that the government has a majority in parliament and the coalition have agreed spending cuts and tax rises; the debt can't go down immediately as there are running spending commitments which can't be cancelled in one go, but at least there's a plan to get the books balanced some day. The US is a different matter; they reacted quite smartly to the crisis by electing a president with a brain but then gave him a congress full of headcases to block any sensible idea he might have.Originally posted by DimPrawn View PostThat's the most stupid thing you've ever said, and that's saying something.
New Labour's view is debt must always rise in order to achieve growth.
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That's the most stupid thing you've ever said, and that's saying something.Originally posted by sasguru View PostWHS. Obama is head and shoulders above his predecessor. But hamstrung by the idiots of the Tea Party.
Thae fact is America's (and the UK's) debt needs to rise before it can fall.
New Labour's view is debt must always rise in order to achieve growth.
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WHS. Obama is head and shoulders above his predecessor. But hamstrung by the idiots of the Tea Party.Originally posted by Mich the Tester View PostLet's be fair on Obama here. The debt really shot up under Mr Bushmonkey, and the US needs to cut spending AND raise taxes to improve matters; trouble is that the Tea Party loonies won't allow him to reverse Bush's tax cuts. All he can do is buy time.
Thae fact is America's (and the UK's) debt needs to rise before it can fall.
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Let's be fair on Obama here. The debt really shot up under Mr Bushmonkey, and the US needs to cut spending AND raise taxes to improve matters; trouble is that the Tea Party loonies won't allow him to reverse Bush's tax cuts. All he can do is buy time.
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