Archive for National Debt

“Iron Discipline” – The Latest Labour Joke

Posted in Benefits, Britain, Budget Cuts, David Cameron, England, Europe, Government Spending, Immigration, Liberal Party, UK with tags , , , , on 03/06/2013 by floroy1942

Politicians are without doubt a breed apart. They are self-centred, greedy and don’t give a fig for the people they represent. Having got that off my chest, I have to say something about the latest idiot to try and persuade us Labour can govern the country.  The person in my sights is the Labour Shadow Chancellor, Ed Balls who in a recent speech tried to kid the public that his party would have “iron discipline” (his words) when it came to running the economy.

As usual, the Labour plan is high in promises, but “low on specific policy ideas”  (Tony Blair’s words),  which let’s face it, is nothing new. All he promised the electorate in his speech was to reduce “‘winter fuel payments to the top 5% of wealthy pensioners”. This, Labour claims would save £100 million, which sounds an awful lot to you and me, but is fact a drop in the ocean of the annual budget. He didn’t say a word about the billions that need to be saved to get the economy back on its feet.

Labour's Joker

Labour’s Joker

Balls promises to cut social spending, which he says is the fault of ‘the current Conservative-led coalition government’ which he accuses of failing to do enough to get the economy growing again. Now that is rich coming from a member of the party that put us in this situation in the first place by spending money like it was water! It was Labour policies that allowed lazy good-for-nothing parasites to spend the whole day down at the pub while the tax payers support their drinking habits and pay the rent.

After thirteen years of Labour rule, the Con/Lib Coalition inherited a debt of 11% of GDP, which is one of the largest in the entire European Union, and there is no ‘miracle cure’ for that. The current Chancellor George Osbourne is aiming to announce £11.5 billion of spending cuts this month for the year 2015/2016 and hard though it may be, its the only way to get us all out of huge debt.

Help Yourselves Boy's - We Can Always Borrow More!

Help Yourselves Boy’s – Labour Can Always Borrow More!

Apart from the immigration debacle that was one of Labour’s biggest failures, they began giving money away like confetti to all and sundry who felt like coming here. When they didn’t have enough money in the kitty to pay for all the immigrant housing, health benefits, unemployment benefits etc., they just went out and borrowed some more.

They are the ones who left the country in such a shambles, and despite the current governments attempts to clear up their mess, the banking crisis and the stagnation of the European economy has made things doubly difficult. But Ed balls has a fix for all that! We don’t know what it is, because as usual, he won’t tell us and all we have are the usual empty promises.

What ever you do, don’t think this article is a party political broadcast for the Lib. Dems, and the Conservative Party, far from it. The Labour Party drove the country into the ground during their last tenure in office and I shudder to think that anyone would be stupid enough to vote for the again in 2015. Surly the British people are not that dumb!

We are all experiencing hard times at the moment, but that is the only way to get rid of a mountain of debt, and each of us must play a part. When that has been accomplished times will get better, and we as a nation, will be thriving again, but in the meantime it has to hurt.

Having A Laugh At Labour's Expense?

Having A Laugh At Labour’s Expense?

Even Ed Balls knows that the cuts in spending must continue and is already trying to shift the blame onto the current government. He gave a speech to Thomson Reuters of London today and is reported as saying, “With the Chancellor refusing to change course, Labour must start planning now for what will be a very tough inheritance in 2015. It will require us to govern in a very different way with much less money around. We will need an iron discipline and a relentless focus on our priorities.”

In the ‘plans’ he laid out i.e. a freeze on free schools, the abolition of police commissioners, the so-called infrastructure boost and the winter fuel allowance he said basically nothing. From his plans, which were meant to tug at the heartstrings of the rank and file, he will in fact save peanuts, just under £4 billion! When you consider public sector borrowing is at £85 billion, and the benefits budget alone is costing us a massive £185 billion, what is £4 billion – loose change that is all!

Getting Screwed?

Getting Screwed?

But according the Ed Balls, Labour had nothing to do with the current debt crisis in Britain! What a crock,anyone who believes that needs shooting in the head! According to him its all the Con/Lib governments fault, but what makes him think he can do anything different than George Osborne? The screw must be tightened down no matter who’s hand is doing the turning.

Many people are under the impression that although times are hard under the current government, it will get much better under Labour if they form the next government in 2015. All I can say to that is, if you think that, you deserve everything you get! 

Roy.

The World Economic Crisis

Posted in Benefits, Britain, Budget Cuts, Children, Demonstration, England, Europe, Germany, Government Spending, Modern World, Obama, President, Spain, UK, USA with tags , , , , , , , on 06/08/2011 by floroy1942

It will come as no surprise that the ‘times of plenty’ are over. As country after country feels the pinch of growing economic debt, people are taking to the streets to demonstrate about their loss of earnings, and the reductions in social services. Governments are floundering in an ever-increasing spiral of debt as they try to strike a balance between the demands of the people, and balancing the nations budget.

U.S. National Debt

Just today even the mighty United States had its credit rating reduced for the first time in history, and if that has happened, you can bet the world economic crisis is only just beginning.

'The Game' Curse

Part of the problem is, we have had it so good for so many years we have gotten use to it. Instead of the usual holiday to Spain we went further afield, and we could buy an iPad, even though we didn’t really need it. Our living rooms sport a fancy 46″ HDTV because suddenly the old one just wasn’t good enough. The kids all have computers, X-Box and PlayStation games which they spend every waking minute playing. Our homes have become filled with ‘nice to have’ items because we could afford it. But now all that is changed! The people of Greece, Spain, and other countries are out on the streets demonstrating because they do not wish to lose this standard of living.

For sure, there are among them people who find it hard to make ends meet, and in today’s climate they will be hardest hit, but many of those demonstrating are middle-class people who fall into the above bracket. Not one of these well-off earners would for example, voluntarily give up 5% of their salary in taxes to ease the debt crisis and help the needy. They care little if the social services cannot afford to look after poor families, just so long as their standard of living does not deteriorate.

Greece National Debt

We have become so used to our lifestyle of plenty that we do not want to see it slip away, but I have news for you folks: It’s over! There is no way the world economies, especially western ones, can continue to throw money around. National debts are rising day by day and eventually the crunch has to come.

People have to realise they cannot have everything, and many families must wake up to the fact they cannot afford to run three or four cars in the family. As for the exotic holiday to Florida? Forget it! It is not until everyone gets used to the idea that we must all tighten our belts and not expect so much from life, that the crisis will eventually be overcome.

Italian National Debt

Most western nations have become an ‘I want’ culture, and we have become used to doing as little as possible to get what we want. After so many years of plenty it is perhaps time we were brought down to earth, and how hard we hit the ground is up to us really. We all have to realise that times are very hard and it is only by everyone making a sacrifice that we will overcome it.

National Debts Across The World

Get your children used to the idea that you will not be spending huge amounts at Christmas to buy them the lavish gifts they have become so used to. So if you can’t buy a new car and have to spend your next holiday in some place not so far away, don’t complain, accept it as part of your contribution to getting the world economy back on its feet.

Remember, all the people demonstating in the streets on Athens, Madrid and Rome will not get the economy back on its feet. Governments can only spend money they do not have up to a certain limit, and then its time to pay the piper; literally!

Confused about how we got into this situation? The following video will explain it all:

http://youtu.be/Q-zp5Mb7FV0

Roy.

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