News1 min ago
Labour's huge �45Billion black hole
11 Answers
Now the dust has settled, in typical labour budget fashion, we can start to see what they have actually done and it looks like Darling 'forgot' to tell us we will be in the hole for 45B of tax in the near future.
Anything to do with an election next year do you think or just sheer arrogance again from this party of tw*ts?
Anything to do with an election next year do you think or just sheer arrogance again from this party of tw*ts?
Answers
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the problem is that every situation is unique and so would we have been dealt any differently if Cameron had been in power? This recession is a golbal thing so I dont see that this government has done anything particularly wrong to try to get us out of it.
The only thing that I do feel aggreived about is that whilst many smaller companies have gone to the wall with no support from the government why has Northern Rock and HBOS been bailed out from public coffers? Smacks of double standards and probably that the government are trying to protect their lucrative 'consultants' jobs with these financial institutions when their political career winds down.
Incidentally I am not a labour supporter by any stretch of the imagination but dont think we would be any better off with a conservative government.
The only thing that I do feel aggreived about is that whilst many smaller companies have gone to the wall with no support from the government why has Northern Rock and HBOS been bailed out from public coffers? Smacks of double standards and probably that the government are trying to protect their lucrative 'consultants' jobs with these financial institutions when their political career winds down.
Incidentally I am not a labour supporter by any stretch of the imagination but dont think we would be any better off with a conservative government.
The banks have been bailed out because of what would have happened if they had not have been.
They would have gone out of business and their receivers would have foreclosed on outstanding loans to other businesses.
Those businesses would have mostly been unable to get loans elsewhere and they in turn would have failed.
There would have been foreclosures on mortgages too with similar results.
You'd have seen gigantic numbers of repossessions and unemployment.
Even Ozzy the Ostrich knows this - that's why he avoids talking about "the Tory Alternative"
He knows there wasn't one.
They would have gone out of business and their receivers would have foreclosed on outstanding loans to other businesses.
Those businesses would have mostly been unable to get loans elsewhere and they in turn would have failed.
There would have been foreclosures on mortgages too with similar results.
You'd have seen gigantic numbers of repossessions and unemployment.
Even Ozzy the Ostrich knows this - that's why he avoids talking about "the Tory Alternative"
He knows there wasn't one.
Jake
Typical you have avoided the question totally and slung mud at someone else.
The questio is not what the Tories would have done about the mess but about the black hole that 'dont call me darling' forgot to mention.
But whilst we are on the subject if the Tories had been in power there would have been more money in the pot to sort it out. Brown p*ssed all the cash in the good times up the wall chasing useless lefty projects. He inherited the best economy ever.
You can always trust a labour Government to make a country go broke. Then the Tories have to pick up the pieces ready for them to do it again.
Face it, every other sane person has Jake. Brown has right royally f***d up.
Typical you have avoided the question totally and slung mud at someone else.
The questio is not what the Tories would have done about the mess but about the black hole that 'dont call me darling' forgot to mention.
But whilst we are on the subject if the Tories had been in power there would have been more money in the pot to sort it out. Brown p*ssed all the cash in the good times up the wall chasing useless lefty projects. He inherited the best economy ever.
You can always trust a labour Government to make a country go broke. Then the Tories have to pick up the pieces ready for them to do it again.
Face it, every other sane person has Jake. Brown has right royally f***d up.
No?
OK let me give you a hint - He sold all our Gold reserves and that would have left us in a better position to weather the storm.
Er yes, that inopportune sale cost every man woman and child in this country �3.33
The RBS bail out alone cost over 100 times that!
Lets try his lack of regulation of the banks lead to this.
Hmmm isn't that a bit like your 20 year old son going out on the town coming back puking over your carpet and blaming it on you for letting him drink.
Lets remember who the champions of light touch regulation have always been - er - the Tories.
Can't you hear it now - tying up businesses with Red Tape
Red Tape?
Oh regulation
Last go then
He should have listened to Cameron and Ozzy's insightful warnings of this long before it happened!
Must have been missed out of Hansard and the press - it's the only explanation!
OK let me give you a hint - He sold all our Gold reserves and that would have left us in a better position to weather the storm.
Er yes, that inopportune sale cost every man woman and child in this country �3.33
The RBS bail out alone cost over 100 times that!
Lets try his lack of regulation of the banks lead to this.
Hmmm isn't that a bit like your 20 year old son going out on the town coming back puking over your carpet and blaming it on you for letting him drink.
Lets remember who the champions of light touch regulation have always been - er - the Tories.
Can't you hear it now - tying up businesses with Red Tape
Red Tape?
Oh regulation
Last go then
He should have listened to Cameron and Ozzy's insightful warnings of this long before it happened!
Must have been missed out of Hansard and the press - it's the only explanation!
The 45bn black hole could disappear overnight if we took drastic steps such as cancelling the trident update, pulling the troops out of Afghanistan, reducing the number of MPs to 400 from 635 (possible now that Scotland and Wales have their own assemblies) and finally enter the real world. We no longer rule the waves, the commonwealth is now disintegrated, our ability to attack any far flung country is nil and because of Blair's escapades the British public would never be taken in again.
>Explain what the Tories would have done better
The Tories probably would not have spent all the money Gordon Brown spent when he was in the treasury while Blair was PM.
While many people said Gordon was doing a good job while in the treasury I said many times here on AB that he was NOT.
He was in the treasury during a relatively "easy" time, but he still managed to raise overall taxes, AND spend it all, leaving nothing in the pot for the bad times.
The Tories probably would not have spent all the money Gordon Brown spent when he was in the treasury while Blair was PM.
While many people said Gordon was doing a good job while in the treasury I said many times here on AB that he was NOT.
He was in the treasury during a relatively "easy" time, but he still managed to raise overall taxes, AND spend it all, leaving nothing in the pot for the bad times.
Q. How do you bankrupt a country
A. Elect a labour goverment.
I seem to remember Thatcher got elected all those years ago because the country was in a total mess thanks to the Labour goverment at the time.
And for those that critisize Thatcher and forget what the country was like under Labour read this "Winter of discontent" article from 1978-79
http://en.wikipedia.org/wiki/Winter_of_Discont ent
Inflation at nearly 27%, bodies not buried, and rubbish piling up in the streets.
This mess lead to many years of a tory goverment.
The total mess we are in today means we can expect another 20 years of the tories cos hopfully nobody is going to trust Labour again.
Hopefully Brown will be sent packing with his tail between his legs.
A. Elect a labour goverment.
I seem to remember Thatcher got elected all those years ago because the country was in a total mess thanks to the Labour goverment at the time.
And for those that critisize Thatcher and forget what the country was like under Labour read this "Winter of discontent" article from 1978-79
http://en.wikipedia.org/wiki/Winter_of_Discont ent
Inflation at nearly 27%, bodies not buried, and rubbish piling up in the streets.
This mess lead to many years of a tory goverment.
The total mess we are in today means we can expect another 20 years of the tories cos hopfully nobody is going to trust Labour again.
Hopefully Brown will be sent packing with his tail between his legs.
When Cameron gets into power next year (I don't think theres any dispute about this) he aims to make his main plank of policy a 'thrift' one. But there is thrift and thrift. No more wage increases, a few sackings in the civil service, a few less roads being built. What will this do for the country. Zilch!!! The only answer for the hard pressed taxpayer is to abandon some of the highly contentious capital projects:
1. Cancel the new warships.
2. Cut back on the Euro fighter
3. Cancel the 2 aircraft carriers.
4. Do not upgrade or replace trident. How many megatons of power are required to blow another country to smithereens.
Unfortunately the tories do not believe in tackling projects like these so we'll have the drip drip campaign against the hard pressed taxpayer for the next 40 years to balance the budget.
1. Cancel the new warships.
2. Cut back on the Euro fighter
3. Cancel the 2 aircraft carriers.
4. Do not upgrade or replace trident. How many megatons of power are required to blow another country to smithereens.
Unfortunately the tories do not believe in tackling projects like these so we'll have the drip drip campaign against the hard pressed taxpayer for the next 40 years to balance the budget.
Or they could say halve the health service budget, ie the bit that is spent of managers empire building and other non job creations schemes. Then they could stop giveing money to workshy layabouts, they they could fire the 600,000 public sector workers doing nonsense "jobs" created for their core voters by Noo Labour, then double the defence budget as it's bu66er all when compared to what's pi55ed away in town halls up and down the country, I reckon we'll be 80Bn up!
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