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The cuts certainly will get the country out of debt eventually.

We need a time of austerity.

What do you propose? Keep on spending without any responsibility as the Labour crew did? The national debt is being addressed thank God- it's been allowed to grow unchecked since 1997. We should never forget it's 13 years of Labour government that left this country in the mess it's in today.

The current cuts won't get the country out of debt, not ever. The national debt is not being reduced or paid off. All that is happening is the national debt is increasing slightly slower that it would do if New Labour won the election.

watched a guy on tv explaining that all the cuts made and the money saved,added up to exactly the same amount we gave to ireland to bail them out.Oh and im not having a dig at the irish btw.so where has that helped us?

 

There was a good example shown on a TV show (I forget what it was called)that had Bill Bonner commenting on it. A bathtub was filled up 3/4 with water, the water in the bathtub represented the total national debt. The taps are both turned on adding more water to the 3/4 full tub, the water being added by the taps represented the current governments borrowing being added to the total national debt in the bath. Then a guy takes a thimble and starts bailing water out of the bath with the thimble, while the taps are running. The water in the thimble represents the current government spending cuts in proportion to the national debt and the amount being added to it every year.

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The cuts certainly will get the country out of debt eventually.

We need a time of austerity.

What do you propose? Keep on spending without any responsibility as the Labour crew did? The national debt is being addressed thank God- it's been allowed to grow unchecked since 1997. We should never forget it's 13 years of Labour government that left this country in the mess it's in today.

The current cuts won't get the country out of debt, not ever. The national debt is not being reduced or paid off. All that is happening is the national debt is increasing slightly slower that it would do if New Labour won the election.

watched a guy on tv explaining that all the cuts made and the money saved,added up to exactly the same amount we gave to ireland to bail them out.Oh and im not having a dig at the irish btw.so where has that helped us?

 

There was a good example shown on a TV show (I forget what it was called)that had Bill Bonner commenting on it. A bathtub was filled up 3/4 with water, the water in the bathtub represented the total national debt. The taps are both turned on adding more water to the 3/4 full tub, the water being added by the taps represented the current governments borrowing being added to the total national debt in the bath. Then a guy takes a thimble and starts bailing water out of the bath with the thimble, while the taps are running. The water in the thimble represents the current government spending cuts in proportion to the national debt and the amount being added to it every year.

 

prb sums it up perfectly mate :thumbs:

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The cuts certainly will get the country out of debt eventually.

We need a time of austerity.

What do you propose? Keep on spending without any responsibility as the Labour crew did? The national debt is being addressed thank God- it's been allowed to grow unchecked since 1997. We should never forget it's 13 years of Labour government that left this country in the mess it's in today.

The current cuts won't get the country out of debt, not ever. The national debt is not being reduced or paid off. All that is happening is the national debt is increasing slightly slower that it would do if New Labour won the election.

watched a guy on tv explaining that all the cuts made and the money saved,added up to exactly the same amount we gave to ireland to bail them out.Oh and im not having a dig at the irish btw.so where has that helped us?

 

There was a good example shown on a TV show (I forget what it was called)that had Bill Bonner commenting on it. A bathtub was filled up 3/4 with water, the water in the bathtub represented the total national debt. The taps are both turned on adding more water to the 3/4 full tub, the water being added by the taps represented the current governments borrowing being added to the total national debt in the bath. Then a guy takes a thimble and starts bailing water out of the bath with the thimble, while the taps are running. The water in the thimble represents the current government spending cuts in proportion to the national debt and the amount being added to it every year.

 

 

Glad you've cleared that up then.

 

I can sleep easy tonight. :whistling:

Edited by Phil74
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