Budget. (Full Version)

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RCdc -> Budget. (6/22/2010 5:49:17 AM)

So with the 'emergancy budget' now displayed - was this a good or a bad one?  As expected?  Or better than predicted?

the.dark.



Aneirin -> RE: Budget. (6/22/2010 6:07:28 AM)

I dunno as I have stopped taking note of these things and take each day and problem as it comes, as whatever I do depends on what cash I have available.

But of the emergency budget, I just have to ask is this because of what the banks did, if it is, why the fuck is the tax payer payng for the deficit.



RCdc -> RE: Budget. (6/22/2010 6:55:11 AM)

quote:

ORIGINAL: Aneirin

I dunno as I have stopped taking note of these things and take each day and problem as it comes, as whatever I do depends on what cash I have available.

But of the emergency budget, I just have to ask is this because of what the banks did, if it is, why the fuck is the tax payer payng for the deficit.



It's not just the banks A.  But anyhoo... they got a levy.
Don't you get HB?  They cut that...
No change on cigarettes and alchohol.

the.dark.



pahunkboy -> RE: Budget. (6/22/2010 7:10:02 AM)

When is it ever not an emergency?



Moonhead -> RE: Budget. (6/22/2010 7:13:26 AM)


quote:

ORIGINAL: pahunkboy

When is it ever not an emergency?

It's called an emergency budget in this case because a new government has been voted in, and so they haven't waited twelve months since the last one.



Aneirin -> RE: Budget. (6/22/2010 7:19:50 AM)

quote:

ORIGINAL: RCdc

quote:

ORIGINAL: Aneirin

I dunno as I have stopped taking note of these things and take each day and problem as it comes, as whatever I do depends on what cash I have available.

But of the emergency budget, I just have to ask is this because of what the banks did, if it is, why the fuck is the tax payer payng for the deficit.



It's not just the banks A.  But anyhoo... they got a levy.
Don't you get HB?  They cut that...
No change on cigarettes and alchohol.

the.dark.


Yes I do get HB, but that got cut last year, when the councils got told to reign in their outgoings.

But even though I don't, due to honesty, I can see a lot of people being forced to cheat the system soon, more than there is already doing. I can even foresee heels being dug in and a cash in hand work mentality being adopted by the poorest.

Already at college, some are making and selling to make ends meet, even if they miss their lectures to do so.



pahunkboy -> RE: Budget. (6/22/2010 8:08:51 AM)

quote:

ORIGINAL: Moonhead


quote:

ORIGINAL: pahunkboy

When is it ever not an emergency?

It's called an emergency budget in this case because a new government has been voted in, and so they haven't waited twelve months since the last one.



That does not sound like an emergency to me.



Moonhead -> RE: Budget. (6/22/2010 8:20:20 AM)

You haven't lived eighteen years under a tory government, mate. Trust me, it's an emergency alright.



vincentML -> RE: Budget. (6/22/2010 8:24:51 AM)

Aside from out Federal Budget deficit, almost all of our States are in serious deficit and for us (USA) that is where the rubber hits the road because most State Constitutions require a balancing of their budget. So public services are expected to get the ax, the complaint being that the public employees have grown fat on their pensions (ha! I wish) and do not produce anything of value in the economy, which is an argument that never fails to astonish. Hope this does not kidnap your thread, the.dark.



DCWoody -> RE: Budget. (6/22/2010 11:01:06 AM)

Instead of trying to balance the economy with the deficit, they/he seems to have decided to clearly and openly go for more focus on the deficit, at expense of dampening the economy. Perhaps wise in the circumstances, if anything it leaves them wiggle room to tone down the cuts slightly in future, when there isn't all this hysteria affecting the debt market. Something along these lines was always coming, the interesting time will be the next election. Will the next govt think the deficit is gone so that's that sorted, or will they actually try actively getting the debt down instead of just waiting to grow it smaller....



Moonhead -> RE: Budget. (6/22/2010 11:04:38 AM)

I have a suspicion the next election could be taking place before 2015. Clegg's already facing a mutiny in his party, isn't he?



DCWoody -> RE: Budget. (6/22/2010 11:12:46 AM)

They're damn unhappy, but.....after moaning about PR & fixed term parliaments for so long, I think they'll feel obliged to stick with it. If they did bail, it could be near lethal for them and their PR interests.



Moonhead -> RE: Budget. (6/22/2010 11:40:05 AM)

I think they're already completely fucked as far as PR goes anyway. Cameron obviously isn't going to do anything about that, and Clegg appears to lack the testicular fortitude to insist.
I'm starting to think that those who've been saying he's only formed a coalition to trash the libdems' reputation might be onto something.



DCWoody -> RE: Budget. (6/22/2010 11:48:37 AM)

Well of course not for this parliament (though they are getting (almost have got)) fixed terms. But they hope to in future. If even they can't stomach a coalition, it's never gonna go....they walk out on the coalition they've destroyed their own biggest argument.

I'm dead against it anyways, prefer AV.



pahunkboy -> RE: Budget. (6/22/2010 3:10:03 PM)

quote:

ORIGINAL: Moonhead

You haven't lived eighteen years under a tory government, mate. Trust me, it's an emergency alright.


http://www.youtube.com/watch?v=qgPwx7Kmlnw&playnext_from=TL&videos=xaOpz94tZW0&feature=sub


I suppose.   This guy makes some sense.   Note how a portion of your taxes are for climate change.  what a rip off!   People should remove the royal family!  This is beyond madness.  Why should you pay for the banks?



Moonhead -> RE: Budget. (6/22/2010 3:14:59 PM)

For the same reason as you do, matey: why the fuck else would anybody pay for a bank?



pahunkboy -> RE: Budget. (6/22/2010 3:35:26 PM)

We are still on stimuli here... not austerity.    So milk and honey flows thru the streets.



SL4V3M4YB3 -> RE: Budget. (6/22/2010 4:00:58 PM)

20% VAT is a real economy killer.

Cutting corporation taxes, cutting benefits for the needy, increasing windfall tax allowance, typical Tory budget.

Everyone get hold of their ration packs, as for bank levies yeah that'll work if we do it alone.



Politesub53 -> RE: Budget. (6/22/2010 4:05:55 PM)

quote:

ORIGINAL: Moonhead

You haven't lived eighteen years under a tory government, mate. Trust me, it's an emergency alright.
 

I am guessing you dont remember living under labour in the 70s then. Rubbish piled high, streets alive with rats, rampant infltation, three day weeks. factoury closures, constant strikes, dead unburied. It wasnt exactly fun.

Question time again. Who privatised more Public jobs. Thatcher or Brown/Blair ?  Tread cautiously here.

I think the budget was pretty fair. I prefer vat to rise as its an indirect tax. Broown was also goin got raise vat to the UK average of 20%, anyone thinking otherwise is deluded.  Labour had two choices, be honest and cut spending, or let the deficit reach an even greater amount.

Osborne gave some back by raising the tax thresholds, left fuel and alcohol alone. I think his best line was pointing out Browns Golden target was only £485 Bn out.



Aneirin -> RE: Budget. (6/22/2010 6:14:33 PM)

VAT rise I can deal with, it simply means to me less spending on things I don't need, but if I think this, how many more also think the same. A vat rise might have an adverse effect on creating more wealth, as those who are on the lowest income might very well think twice.

Thank the gods they left beer alone, as I am already on my final move with that, go above £3 a pint and I will not be supporting my local anymore, but rather brewing ale myself as me and my friends can find other less expensive places to drink, on the cliffs or the beach might be nice in this weather, and homebrew, we must ask why do we drink, is it the taste or the effect we seek.

As to a fair budget, that all depends on your circumstances, perhaps tolerable for those in one group, but less so for those in another, it would be interesting to understand what part of society the master's based their budget on.



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