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Why is the UK debt so high


I am not from the UK a flying fuk I do not give
  33% (1)
Things are looking UP and I can’t count a fukery
  0% (0)
Dystopian Britain is a marvel
  66% (2)


Total Votes : 3
(last vote on : 11/28/2016 12:17:29 PM)
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Why is the UK debt so high - 11/24/2016 3:17:22 AM   
WickedsDesire


Posts: 9362
Joined: 11/4/2015
Status: offline 		Hammond defends post-Brexit economy forecasts

Chancellor Philip Hammond has called economic forecasts in the Autumn Statement one of a "range of outcomes" after some pro-Brexit MPs criticised them for being too pessimistic.

The Office for Budget Responsibility (OBR) forecast more government borrowing and reductions in economic growth after the referendum.
http://www.bbc.co.uk/news/uk-politics-38087110


I foresee the debt total being about £1800-2000 Billion at the end of the second term and still rising. Now, bear in mind they said they would operate at a surplus during Parliament First term. Then they said oh we really meant the end of the second term (10 years in office). Then they said fuk this for a game of soldiers
Due to the Government's significant budget deficit, the national debt is increasing by approximately £73.5 billion per annum, or around £1.4 billion each week.[2] As a result of its efforts to balance the budget, the Government forecast in 2014 that the structural deficit would be eliminated in the financial year 2017/18.[3] However it changed the year to 2018/19 in March 2015 and to 2019/20 in July 2015.[4] The Government's target to return the public finances to surplus by 2019/2020 was abandoned by Chancellor of the Exchequer George Osborne in July 2016.[5]


Where the fuk is the money going – how the fuk have you managed to add £600 Billion in 6 years to the national debt. Can’t be to the benefit scrounging scum you’ve already cut that, then again and again, then savagely cut it some more. And then you started on the disabled – actually they began there….monsters eh! And families, and services, and infrastructure. Cant be to the savage darkie/coon/spic/eastern EU immigrants they are net contributors

“we are all in it together for 5 years 10 years fuk knows how many more years after 2020. Strange no mention of the fact they would double the national debt in that time.

Remember the government took on totally spent the Royal Mail Pension Fund of £50 billion - which for you brexit idiots is less than 6 years contribution to the EU...so that 50 billion is included in the £600 billion void of darkness.

“Meanwhile, all of the economic research that allegedly supported the austerity push has been discredited. Widely touted statistical results were, it turned out, based on highly dubious assumptions and procedures – plus a few outright mistakes – and evaporated under closer scrutiny.”

So here we are, not even 6 years in, and the incompetent fukers are on course to double the national debt from 2010-2020. I am going to throw this out there its not fuking working, quite the opposite....and it has never worked. Did you know debt goes up when those morons are in charge of the UK

http://www.taxresearch.org.uk/Blog/2016/03/13/the-conservatives-have-been-the-biggest-borrowers-over-the-last-70-years/



< Message edited by WickedsDesire -- 11/24/2016 3:25:41 AM >
Profile   Post #: 1
RE: Why is the UK debt so high - 11/24/2016 5:56:27 PM   
Real0ne


Posts: 21189
Joined: 10/25/2004
Status: offline 		What is the common denominator in this picture?



they are smart of the people that think they are domb and incompetent are dumb and incompetent.

So whats the common denominator

_____________________________

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Yesterdays tinfoil is today's reality!

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Profile   Post #: 2
RE: Why is the UK debt so high - 11/25/2016 12:03:22 AM   
MrRodgers


Posts: 10542
Joined: 7/30/2005
Status: offline 		The Economist

So we have ended up, after three decades (or 4 or 5) of worshiping free markets, (so called) with a system in which the single most dominant players in setting asset prices are central banks and in which financiers are much bigger receivers of government largess than any welfare cheat could dream about.

Economic and financial theory have not adjusted to this situation; can a market be efficient, or properly balance risk and reward, if the dominant players are central banks, who are not interested in maximizing their profits ?

I say NO...of course not.

_____________________________

You can be a murderous tyrant and the world will remember you fondly but fuck one horse and you will be a horse fucker for all eternity. Catherine the Great

Under capitalism, man exploits man. Under communism, it's just the opposite.
J K Galbraith

(in reply to Real0ne)
Profile   Post #: 3
RE: Why is the UK debt so high - 11/25/2016 3:44:56 AM   
Real0ne


Posts: 21189
Joined: 10/25/2004
Status: offline 		it has nothing to do with maximizing profits and everything to do with outright cheating everyone, including gubmints!

Every presidential assassination in this country was intimately connected to a banking issue, and the bank insuring things would be done their way to hell with everyone else. Gubmints make laws around the banking industry and are connected at the waist. OWS didnt scratch the surface of the problem.

_____________________________

"We the Borg" of the us imperialists....resistance is futile

Democracy; The 'People' voted on 'which' amendment?

Yesterdays tinfoil is today's reality!

"No man's life, liberty, or property is safe while the legislature is in session

(in reply to MrRodgers)
Profile   Post #: 4
RE: Why is the UK debt so high - 11/25/2016 4:50:06 AM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline
quote:

ORIGINAL: Real0ne

What is the common denominator in this picture?



they are smart of the people that think they are domb and incompetent are dumb and incompetent.

So whats the common denominator

The common denominator in the picture is that its wrong. And that desert places are green and that tropical rain forests are tan. Other than that it is worthless and inaccurate.

_____________________________

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Profile   Post #: 5
RE: Why is the UK debt so high - 11/25/2016 5:08:24 AM   
MrRodgers


Posts: 10542
Joined: 7/30/2005
Status: offline
quote:

ORIGINAL: Real0ne

it has nothing to do with maximizing profits and everything to do with outright cheating everyone, including gubmints!

Every presidential assassination in this country was intimately connected to a banking issue, and the bank insuring things would be done their way to hell with everyone else. Gubmints make laws around the banking industry and are connected at the waist. OWS didnt scratch the surface of the problem.

It has everything to do with maximizing profits and that's what causes the cheating. (corruption) Economists call it self-interest while I call it greed. The very long essay calls into the center, the behavioral science and is I say, that's an easy one.

The brain gets hooked on more and more profits just like to does cocaine. The most promising approaches may be based on our growing understanding of the brain. Neuroscientists have shown that monetary gain stimulates the same reward circuitry as cocaine, in both cases, dopamine is released into the nucleus accumbens. “In the case of cocaine, we call this addiction. In the case of monetary gain, we call it capitalism" says Andrew Lo of the Massachsetts Institute of Technology.

_____________________________

You can be a murderous tyrant and the world will remember you fondly but fuck one horse and you will be a horse fucker for all eternity. Catherine the Great

Under capitalism, man exploits man. Under communism, it's just the opposite.
J K Galbraith

(in reply to Real0ne)
Profile   Post #: 6
RE: Why is the UK debt so high - 11/25/2016 5:08:43 AM   
WhoreMods


Posts: 10691
Joined: 5/6/2016
Status: offline 		Maybe it's a map of his lovelife? The red countries are those where he's the most likely to get arrested for fucking children, and they get paler and greeny as it becomes more likely that he can find a willing underaged bum without any consequences?

_____________________________

On the level and looking for a square deal.

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Profile   Post #: 7
RE: Why is the UK debt so high - 11/25/2016 6:17:34 AM   
vincentML


Posts: 9980
Joined: 10/31/2009
Status: offline
quote:

ORIGINAL: MrRodgers

The Economist

So we have ended up, after three decades (or 4 or 5) of worshiping free markets, (so called) with a system in which the single most dominant players in setting asset prices are central banks and in which financiers are much bigger receivers of government largess than any welfare cheat could dream about.

Economic and financial theory have not adjusted to this situation; can a market be efficient, or properly balance risk and reward, if the dominant players are central banks, who are not interested in maximizing their profits ?

I say NO...of course not.

Mostly, I agree with you, except economic and financial theory (neo-liberalism) has caused this problem.

< Message edited by vincentML -- 11/25/2016 6:27:08 AM >

_____________________________

vML

Our lives begin to end the day we become silent about things that matter. ~ MLK Jr.

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Profile   Post #: 8
RE: Why is the UK debt so high - 11/27/2016 3:11:23 AM   
bonturnmeon


Posts: 19
Joined: 11/9/2016
Status: offline 		AS a Brit in Belgium. simple there are too many scroungers (polite) using the benefits system, the nhs. etc.

(in reply to WickedsDesire)
Profile   Post #: 9
RE: Why is the UK debt so high - 11/27/2016 9:39:13 AM   
WickedsDesire


Posts: 9362
Joined: 11/4/2015
Status: offline 		I presume you vote for the Nazi party bonturnmeon - fuking idiot with the stolen picture..i s aid that about your last profile too didnt I

To be clear I would ask the same question under my beloved SNP, labour, greens.

Anyhoos bonturnmeon if you could explain your statement with some facts that would be good

(in reply to bonturnmeon)
Profile   Post #: 10
RE: Why is the UK debt so high - 11/27/2016 12:54:37 PM   
bonturnmeon


Posts: 19
Joined: 11/9/2016
Status: offline 		it appears to me that you are in need of some help, offensive answer to a complete stranger.
or maybe a drunken scots git.

(in reply to WickedsDesire)
Profile   Post #: 11
RE: Why is the UK debt so high - 11/27/2016 2:13:34 PM   
MrRodgers


Posts: 10542
Joined: 7/30/2005
Status: offline
quote:

ORIGINAL: vincentML

quote:

ORIGINAL: MrRodgers

The Economist

So we have ended up, after three decades (or 4 or 5) of worshiping free markets, (so called) with a system in which the single most dominant players in setting asset prices are central banks and in which financiers are much bigger receivers of government largess than any welfare cheat could dream about.

Economic and financial theory have not adjusted to this situation; can a market be efficient, or properly balance risk and reward, if the dominant players are central banks, who are not interested in maximizing their profits ?

I say NO...of course not.

Mostly, I agree with you, except economic and financial theory (neo-liberalism) has caused this problem.

You could say a 20th century resurgence of 19th century ideas associated with laissez-faire economic liberalism and almost entirely responsible for almost all of our problems today. The difference now may be that the central bankers are acting exclusively in the interest of retail bankers, investment bankers and their investors.

When Trump and the repubs go after Dodd-Frank, we'll see a giant step back toward laissez-faire. Then we can expect this 'neo-liberal' congress go after benefits to those fucked by those very policies and...we'll know it for sure.

< Message edited by MrRodgers -- 11/27/2016 2:28:05 PM >

_____________________________

You can be a murderous tyrant and the world will remember you fondly but fuck one horse and you will be a horse fucker for all eternity. Catherine the Great

Under capitalism, man exploits man. Under communism, it's just the opposite.
J K Galbraith

(in reply to vincentML)
Profile   Post #: 12
RE: Why is the UK debt so high - 11/27/2016 2:24:33 PM   
MrRodgers


Posts: 10542
Joined: 7/30/2005
Status: offline
quote:

ORIGINAL: bonturnmeon

AS a Brit in Belgium. simple there are too many scroungers (polite) using the benefits system, the nhs. etc.

Obviously you didn't read this part...a system in which the single most dominant players in setting asset prices are central banks and in which financiers are much bigger receivers of government largess than any welfare cheat could dream about.

Never fails to amaze me how the right has no problem at all with jet fighter programs that go from $1.3 trillion to $1.9 trillion in just a couple of years or how the taxpayer gets truly fleeced paying $13 billion for $9 billion aircraft carriers still not delivered now 2 years late.

Oh but the MIC are not made up of scroungers. No, they are hard working defense contractors making billions while failing year after year.

You know, those...corporate food stamps paid every year that go up and would cover all of those scrounger's actual food stamps.

_____________________________

You can be a murderous tyrant and the world will remember you fondly but fuck one horse and you will be a horse fucker for all eternity. Catherine the Great

Under capitalism, man exploits man. Under communism, it's just the opposite.
J K Galbraith

(in reply to bonturnmeon)
Profile   Post #: 13
RE: Why is the UK debt so high - 11/28/2016 2:39:09 AM   
bondageerone


Posts: 522
Joined: 6/16/2016
Status: offline 		mr Rodgers. are you sure Catherine said that, just as silly as so called wickeddesire,made me laugh anyway. x

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Profile   Post #: 14
RE: Why is the UK debt so high - 11/28/2016 3:55:23 AM   
WhoreMods


Posts: 10691
Joined: 5/6/2016
Status: offline
quote:

ORIGINAL: MrRodgers


quote:

ORIGINAL: bonturnmeon

AS a Brit in Belgium. simple there are too many scroungers (polite) using the benefits system, the nhs. etc.

Obviously you didn't read this part...a system in which the single most dominant players in setting asset prices are central banks and in which financiers are much bigger receivers of government largess than any welfare cheat could dream about.

Never fails to amaze me how the right has no problem at all with jet fighter programs that go from $1.3 trillion to $1.9 trillion in just a couple of years or how the taxpayer gets truly fleeced paying $13 billion for $9 billion aircraft carriers still not delivered now 2 years late.

Oh but the MIC are not made up of scroungers. No, they are hard working defense contractors making billions while failing year after year.

You know, those...corporate food stamps paid every year that go up and would cover all of those scrounger's actual food stamps.

The other thing that it's worth bearing in mind about that issue is that the people who spend time whining about benefit fraud maintain a near total silence about tax fraud: not the legally (if not morally) grey area of tax evasion, but outright illegal fraud, at a corporate level.
Which of the two do you loses the most money on the undeserving?

_____________________________

On the level and looking for a square deal.

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Profile   Post #: 15
RE: Why is the UK debt so high - 11/28/2016 5:01:09 AM   
Lucylastic


Posts: 40310
Status: offline 		It always amazes me that the NHS and benefits have been cut to the bone, yet people still manage to blame it on the NHS and scroungers.... total denial of responsibility and lack of reality prevail.
My mum 82, just spent 8 weeks in hospital and rehab. She was also diagnosed with vascular dementia, and needs care daily My sister is looking after her beyond the carers availability, Between us, we have worked in the NHS, between us over 60 years.
The problems have been the same since the 1980s, not enough front line staff, not enough beds, and shitty upper management.THe Junior doctors are the same as the junior doctors back in the 80s, overworked underpaid and treated like shit. The orderlies, nurses, and other front line staff, are stretched over budget. and treated like shit.
The problems exist in the government and conservative government. NOt that any of them are any fucking good.


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Profile   Post #: 16
RE: Why is the UK debt so high - 11/28/2016 5:07:38 AM   
WhoreMods


Posts: 10691
Joined: 5/6/2016
Status: offline 		Just look at Farage's Brexit campaign: apparently the only thing that was preventing the NHS working perfectly was money going to Brussels instead.
And there was me thinking the problem was forty years of underfunding, an education system that no longer produces medical staff, and systematic reductions of revenue by cutting the tax rate on the top income bracket every budget.

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On the level and looking for a square deal.

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Profile   Post #: 17
RE: Why is the UK debt so high - 11/28/2016 5:39:38 AM   
PeonForHer


Posts: 19612
Joined: 9/27/2008
Status: offline
quote:


You could say a 20th century resurgence of 19th century ideas associated with laissez-faire economic liberalism and almost entirely responsible for almost all of our problems today. The difference now may be that the central bankers are acting exclusively in the interest of retail bankers, investment bankers and their investors.


... Culminating, amongst other things, in the crash of 2008 and, in the UK's case, a bail-out of £500 billion.

_____________________________

http://www.domme-chronicles.com


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Profile   Post #: 18
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