So it seems that whilst Bottler Brown preaches about " prudent spending ", he was in fact blowing money ( our money )like it was going out of fashion.
Here was a guy who was chancellor for ten years, so was responsible for the countries spending, yet the figures here show he spent more every year than he took in taxes.
The welfare budget is out of control and needs to be seriously cut back.
These are purely shocking figures indeed, and when Brownie leaves or should I say gets kicked out, this country will be in such a mess financially, it will take generations to pay it back.
It is always so easy to spend others money but to have spent this ammount in eleven years is just plain irresponsible.
Will we ever recover from this?
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Where has the money gone?
Sex God
Kenty, to be honest I'm worried about you. All this Mail reading can't be good for your blood pressure and I feel that you may be running the risk of an aneurysm.
In light of this I suggest that Mrs. Kenty do the following:
1) Cancel your 10 year subscription to The Daily Mail. There's a chance you may get some money back, but I doubt it as these sensationlised headlines don't pay for themselves.
2) Block access to The Daily Mail website. I recommend something along the lines of NetNanny, but you may be able to do this with the web browser or possibly through the router. Just don't forget to lock the software afterwards to stop 'anyone' switching the filters off and continuing to read.
3) Up the life insurance. If this is the most important recommendation for you, then please ignore the previous 2.
Dr. easy MD, , CRO, Bs, etc etc.
:giggle:
In light of this I suggest that Mrs. Kenty do the following:
1) Cancel your 10 year subscription to The Daily Mail. There's a chance you may get some money back, but I doubt it as these sensationlised headlines don't pay for themselves.
2) Block access to The Daily Mail website. I recommend something along the lines of NetNanny, but you may be able to do this with the web browser or possibly through the router. Just don't forget to lock the software afterwards to stop 'anyone' switching the filters off and continuing to read.
3) Up the life insurance. If this is the most important recommendation for you, then please ignore the previous 2.
Dr. easy MD, , CRO, Bs, etc etc.
:giggle:
Very good Easy. 
The problem is ....what do I tell the shareholders at the next board meeting, at the Mails plush offices?
They will be horrified if I tell them I cannot have anything more to do with the paper.
Have you any more ideas how I can break it to them gently?
A thought though......what happens to this particular part of this forum?? Will it die? Will it just remain here and nobody post?
Answers on a postcard too.... the
The problem is ....what do I tell the shareholders at the next board meeting, at the Mails plush offices?
They will be horrified if I tell them I cannot have anything more to do with the paper.
Have you any more ideas how I can break it to them gently?
A thought though......what happens to this particular part of this forum?? Will it die? Will it just remain here and nobody post?
Answers on a postcard too.... the
Quote by kentswingers777
Very good Easy.
The problem is ....what do I tell the shareholders at the next board meeting, at the Mails plush offices?
They will be horrified if I tell them I cannot have anything more to do with the paper.
Have you any more ideas how I can break it to them gently?
A thought though......what happens to this particular part of this forum?? Will it die? Will it just remain here and nobody post?
Answers on a postcard too.... the
:shock: You are so fickle what happened to the sun?
Quote by Theladyisaminx
Very good Easy.
The problem is ....what do I tell the shareholders at the next board meeting, at the Mails plush offices?
They will be horrified if I tell them I cannot have anything more to do with the paper.
Have you any more ideas how I can break it to them gently?
A thought though......what happens to this particular part of this forum?? Will it die? Will it just remain here and nobody post?
Answers on a postcard too.... the
:shock: You are so fickle what happened to the sun?
I sold my shares in it Minxy as I got a good return.
The mail is more in keeping with my line of thoughts. Still it ain't got no page three birds. :lol:
it makes absolutely no difference who occupies number 11 or number 10 downing street. you will notice that whilst 50 billion or so public borrowing is from govt spending, 125 billion is govt underwritting of bank dept. here is the con.... the tax payer commits to filling the bank's black hole's with future tax revenue and the public services get trimmed back proportionately. we are being done. the money does'nt exist, yet, but the dept (and promise to pay, does). if people knew and understood the left/right theatre, and understood what money is, fractional reserve lending and compound interest, they would likely rise up and stop falling for all the b.s. banker's and puppet politician's would be arrested and phoney war's would end. wake up people.
Sex God
Quote by gulsonroad30664
it makes absolutely no difference who occupies number 11 or number 10 downing street. you will notice that whilst 50 billion or so public borrowing is from govt spending, 125 billion is govt underwritting of bank dept. here is the con.... the tax payer commits to filling the bank's black hole's with future tax revenue and the public services get trimmed back proportionately. we are being done. the money does'nt exist, yet, but the dept (and promise to pay, does). if people knew and understood the left/right theatre, and understood what money is, fractional reserve lending and compound interest, they would likely rise up and stop falling for all the b.s. banker's and puppet politician's would be arrested and phoney war's would end. wake up people.
Wake up? And do what, precisely?
We could vote them out next time round. Hang on, we almost certainly will, we generally do after 1-3 terms by one lot. And we just get the other lot in - and they are no better overall.
We could start a revolution - yeah, right. The UK has NEVER had a revolution and never will. We drink tea FFS.
We could take all our money out of the banks. Tell you what - you first. Amd just how would I get paid without a bank account?
It's all very well saying "wake up - we must change this". Try explaining just what we can do - in practical terms. No-one has yet.
Sex God
Quote by foxylady2209
it makes absolutely no difference who occupies number 11 or number 10 downing street. you will notice that whilst 50 billion or so public borrowing is from govt spending, 125 billion is govt underwritting of bank dept. here is the con.... the tax payer commits to filling the bank's black hole's with future tax revenue and the public services get trimmed back proportionately. we are being done. the money does'nt exist, yet, but the dept (and promise to pay, does). if people knew and understood the left/right theatre, and understood what money is, fractional reserve lending and compound interest, they would likely rise up and stop falling for all the b.s. banker's and puppet politician's would be arrested and phoney war's would end. wake up people.
Wake up? And do what, precisely?
We could vote them out next time round. Hang on, we almost certainly will, we generally do after 1-3 terms by one lot. And we just get the other lot in - and they are no better overall.
We could start a revolution - yeah, right. The UK has NEVER had a revolution and never will. We drink tea FFS.
We could take all our money out of the banks. Tell you what - you first. Amd just how would I get paid without a bank account?
It's all very well saying "wake up - we must change this". Try explaining just what we can do - in practical terms. No-one has yet.
That about sums it up doesn't it. Bloody miserable aint it Foxy.
You could go-on about money for ages, and never reach a resolution.
However, consider this: Public spending increases lead to increases in taxation return !
Yes, if you build a new road at 350 million a proportion of that spend comes straight back into the treasury coffers; a large proportion. Unless it is built by a french firm with french workers who are fed by frenchmen with food from france (etc).
Get the message ?
Swings and roundabouts.
It's no good forever spouting politically-inspired rhetoric if you cannot consider a wider picture.
The very simple facts are this: If the government STOPPED spending any of OUR money, the ones to suffer will be US.
I promise to not mention the FACT that warnings about the profligate banking sector have gone unheeded for nearly a generation, and I certainly will not mention that all bankers vote blue.
And it doesn't really matter anyway, because whoever is voted into power will have limited power anyway...the ones who run the country are not voted into office.
And let's not forget about the long-term contractual problems....you cannot just sign 5-year, 3-billion pound contracts and then cancel them.
Government does not work that way, continuity is necessary.
Unless you just want to be elected. In which case you say what you like and then after the election you just hold your hands up and say "but...but...our hands are tied by the last lot"
And do not forget.....we now have a country which has a division of 25/75 between productive industry and service industry, compared to exactly the opposite 30 years ago. No matter what the government says, unless that is addressed we are going nowhere fast.
So let us go to another public service: Banking.
Yes, apart from being privately operated they provide a public service. We are paid through them, we save money with them and we borrow money from them. They're a public service. And we have supported them to the tune of 15 pounds in the past year (that's 1300 pounds each...worldwide (well, the US and EUR))
We had to support them, even though they managed to f**k themselves up big time.
As an aside, since your tv is manufactured in China/Korea you will soon be paying a carbon tax on it of up to 30%. Yes, the UK is one of the largest carbon emitters in the world IF you take into account that most of our CO2 is emitted in other countries !!!
However, consider this: Public spending increases lead to increases in taxation return !
Yes, if you build a new road at 350 million a proportion of that spend comes straight back into the treasury coffers; a large proportion. Unless it is built by a french firm with french workers who are fed by frenchmen with food from france (etc).
Get the message ?
Swings and roundabouts.
It's no good forever spouting politically-inspired rhetoric if you cannot consider a wider picture.
The very simple facts are this: If the government STOPPED spending any of OUR money, the ones to suffer will be US.
I promise to not mention the FACT that warnings about the profligate banking sector have gone unheeded for nearly a generation, and I certainly will not mention that all bankers vote blue.
And it doesn't really matter anyway, because whoever is voted into power will have limited power anyway...the ones who run the country are not voted into office.
And let's not forget about the long-term contractual problems....you cannot just sign 5-year, 3-billion pound contracts and then cancel them.
Government does not work that way, continuity is necessary.
Unless you just want to be elected. In which case you say what you like and then after the election you just hold your hands up and say "but...but...our hands are tied by the last lot"
And do not forget.....we now have a country which has a division of 25/75 between productive industry and service industry, compared to exactly the opposite 30 years ago. No matter what the government says, unless that is addressed we are going nowhere fast.
So let us go to another public service: Banking.
Yes, apart from being privately operated they provide a public service. We are paid through them, we save money with them and we borrow money from them. They're a public service. And we have supported them to the tune of 15 pounds in the past year (that's 1300 pounds each...worldwide (well, the US and EUR))
We had to support them, even though they managed to f**k themselves up big time.
As an aside, since your tv is manufactured in China/Korea you will soon be paying a carbon tax on it of up to 30%. Yes, the UK is one of the largest carbon emitters in the world IF you take into account that most of our CO2 is emitted in other countries !!!
Quote by kentswingers777
These are purely shocking figures indeed, and when Brownie leaves or should I say gets kicked out, this country will be in such a mess financially, it will take generations to pay it back.
I don't know what's going on but am starting to agree with kentswingers777
Sort of the same thing is happening in America with President Obama. Large Percentage of the popualtion are angry but the person they should demand at least go Public with his reason's is the former President.
Bush messed up whilst the new guy is taking all the damage. So the same will happen to David Cameron, next year when he win's.
It's all in the game... am Angry that no Public Enquries have taken place with the Major Banking Players that created this mess.
Sir Fred Goodwin in the Barbados Sunshine
Quote by Wunderhorse
These are purely shocking figures indeed, and when Brownie leaves or should I say gets kicked out, this country will be in such a mess financially, it will take generations to pay it back.
I don't know what's going on but am starting to agree with kentswingers777
Sort of the same thing is happening in America with President Obama. Large Percentage of the popualtion are angry but the person they should demand at least go Public with his reason's is the former President.
Bush messed up whilst the new guy is taking all the damage. So the same will happen to David Cameron, next year when he win's.
It's all in the game... am Angry that no Public Enquries have taken place with the Major Banking Players that created this mess.
Sir Fred Goodwin in the Barbados Sunshine
It has taken you a bit longer than most to see the light.
Quote by JTS
You could go-on about money for ages, and never reach a resolution.
However, consider this: Public spending increases lead to increases in taxation return !
Yes, if you build a new road at 350 million a proportion of that spend comes straight back into the treasury coffers; a large proportion. Unless it is built by a french firm with french workers who are fed by frenchmen with food from france (etc).
Get the message ?
Swings and roundabouts.
It's no good forever spouting politically-inspired rhetoric if you cannot consider a wider picture.
The very simple facts are this: If the government STOPPED spending any of OUR money, the ones to suffer will be US.
I!!!
I'm afraid when the Government runs a budget in deficiency as profligate as the New Tories ...oops I mean labour the day of reckoning will always come ...and it will be us the public that suffers. So I'm afraid I can't agree with your statement on Pubic spending JTS. Public spending must generally be in alignment with public have yet to feel the full effects of the deficiencies carelessly piled upon us by the incumbents of the last 10 years . Wait until the next lot get in ....whoever they are and we begin to feel the belt of austerity tighten.
I do so agree with your comment on manufacturing though that is where we need to focus our resources, train, design and manufacture. The growth in the economy then becomes backed by real assets and monetary supply growth won't lead to inflation.
Oh and with regard to the bankers voting blue ....they will vote with whichever political party suits their own avaricious selfish ends. Gordon Brown made sure he was in their pocket ...oops I mean they were in his pocket with his "Light touch of regulation"
You can easily identify loads of savings if you wish.
The new nimrod programme: 3.6 billion pounds for nine aircraft that could be bought off-the-shelf from the US for much less.
20 billion pounds for a nuclear delivery system that will never be used.
I could go-on at length about the waste....most of it over 15 years in the ordering. Contracts.
You need to re-examine the effect of public spending. The hard part is accepting that most of it ends-up back in the chancellors pocket anyway !
The money was not given to the banks, it is a loan. It may well (in fact lots has) be repaid, with interest.
Swings and roundabouts.
If your domestic budget has 1000 pounds coming in, and 1100 pounds going out, you will have problems.
However, if you have 900 billion coming in, and 990 billion going out, you just have a fiscal deficit !
The size of the budget deficit is not a good measure of the government’s fiscal stance.
Now, if we had a normal financial situation we would have a problem BUT we have record low inflation and record low interest rates. True, they cannot last: But as long as they do we can have a high deficit with low risk. The trick is to get cash back in before the rates go higher and inflation rises. And if you pay-out 100 billion in government spending and get 30/40/50 billion back in income then you outgoing is 70/60/50 billion....
Not normal domestic finances.
The new nimrod programme: 3.6 billion pounds for nine aircraft that could be bought off-the-shelf from the US for much less.
20 billion pounds for a nuclear delivery system that will never be used.
I could go-on at length about the waste....most of it over 15 years in the ordering. Contracts.
You need to re-examine the effect of public spending. The hard part is accepting that most of it ends-up back in the chancellors pocket anyway !
The money was not given to the banks, it is a loan. It may well (in fact lots has) be repaid, with interest.
Swings and roundabouts.
If your domestic budget has 1000 pounds coming in, and 1100 pounds going out, you will have problems.
However, if you have 900 billion coming in, and 990 billion going out, you just have a fiscal deficit !
The size of the budget deficit is not a good measure of the government’s fiscal stance.
Now, if we had a normal financial situation we would have a problem BUT we have record low inflation and record low interest rates. True, they cannot last: But as long as they do we can have a high deficit with low risk. The trick is to get cash back in before the rates go higher and inflation rises. And if you pay-out 100 billion in government spending and get 30/40/50 billion back in income then you outgoing is 70/60/50 billion....
Not normal domestic finances.
Whether it is a domestic budget or a national one the principles follow close parallels. Whilst the principles of compound taxation does funnel large proportions of the economy back to the govt. it does not invalidate the simple basic principle. You can only spend what you outspending your income year after year such that you owe a whole years income. Then commit yourself to expenditure in excess of your income for 10 years, then trot along to a financial institution and ask to borrow money to meet your current annual defecit growth. Guess what the answer will be. Ultimately the people financing our debt will respond in the same manner unless we can convince them we are really in control of our the books is not a platitude ....if our financiers think we are insolvent they will move their money where it is secure. Beware China is already regretting how far it has gone in funding the USA and the moment it is wary of collapsing what house of cards view may not always prevail.
Interest rates are artificially low, the days of this are numbered and if you think the uk has any say in that you're glass is eternally half full.
You say the money invested in banks is a loan ...thats not technically correct. In some cases it's by way of ownership of the institution and the only way the Govt will get it's money back is via a share price rise and sale of it's shareholding. The banks have still got the black hole of unsecured debt on their balance sheets and no one truly knows just how bad they will end up. There has been talk of the govt taking these on and leaving leaner organisations (and thus improving hare prices) to move forwards with more resilient balance sheets...at what cost though?
Interest rates are artificially low, the days of this are numbered and if you think the uk has any say in that you're glass is eternally half full.
You say the money invested in banks is a loan ...thats not technically correct. In some cases it's by way of ownership of the institution and the only way the Govt will get it's money back is via a share price rise and sale of it's shareholding. The banks have still got the black hole of unsecured debt on their balance sheets and no one truly knows just how bad they will end up. There has been talk of the govt taking these on and leaving leaner organisations (and thus improving hare prices) to move forwards with more resilient balance sheets...at what cost though?
BUT we have record low inflation and record low interest rates. True, they cannot last: But as long as they do we can have a high deficit with low risk
Note: They cannot last.
While they do the banks are coining it.
In the domestic situation you could remortgage your house/sell your car/sell your wife to balance the books or just borrow against IOU's.
Nationally you just sell "promissory notes" with a set interest rate.
In any case, you overestimate the gross figure anyway.
Have a look:
Not really as bad as people say.
The worrying figure is production/productivity.
But you cannot force manufacturers to produce internally when the price of labour is low elsewhere and when other countries have lower set-up and property costs.
Also: This country is now set in the service industry mode. The major provider of "production" is the government, at the moment. Or at least the major financier of same. Pity the banks don't lend some of the billions they have gleaned. But then they're stuck in the risky-finance mode themselves.
We may have some "green friends" however.....if the imported articles (tv's etc) have to have "carbon taxes" added to them it will soon be uneconomic to import them....or at least a lot more expensive to import them. That may lead to a shift in production. Maybe.
Get rid of the entire Military then save £3bn - £5bn.
All the staff will become part of a new Police Force, replacing the currect out-dated model.
Therefore moving some of the current / former Police to become Teachers within the Complusory Education sector.
Also promote Industry.. we buy too much from abroad.
Why can others buy our Tellys, Mobile Phones & Fashion.
Start producing more food.
Also create at least 3 new major core cities that will put less pressure on London & also make the nation LESS Londoncertric.
All the staff will become part of a new Police Force, replacing the currect out-dated model.
Therefore moving some of the current / former Police to become Teachers within the Complusory Education sector.
Also promote Industry.. we buy too much from abroad.
Why can others buy our Tellys, Mobile Phones & Fashion.
Start producing more food.
Also create at least 3 new major core cities that will put less pressure on London & also make the nation LESS Londoncertric.
The defence budget in 2008/2009 was £34.1 billion.
The US defence budget was $681 billion.
France is third at an estimated $45 billion.
The department of health spends £111 billion.
The department for Children schools and families spends £80.7 billion.
The Police budget is £10.6 billion (2008).
The poor balance of trade in agriculture is because many people prefer to buy food produced abroad. Mainly due to cost. Not due to any inherent inability of farms to produce more.
The US defence budget was $681 billion.
France is third at an estimated $45 billion.
The department of health spends £111 billion.
The department for Children schools and families spends £80.7 billion.
The Police budget is £10.6 billion (2008).
The poor balance of trade in agriculture is because many people prefer to buy food produced abroad. Mainly due to cost. Not due to any inherent inability of farms to produce more.
The cost of rescuing the banks was £130 billion.
Worldwide: £4 (£4,000,000,000, )
The state pension costs quite a bit....but:
But then, the cost of the public service pension black hole is estimated at £1 .
Worldwide: £4 (£4,000,000,000, )
The state pension costs quite a bit....but:
A study by consultancy firm Aon shows the state pays pensioners an income equivalent to just 17% of average earnings.
This is the lowest level in Europe and well below the average for all European Union countries of 57%.
But then, the cost of the public service pension black hole is estimated at £1 .
