Be interested in your view. It’s there actually a black hole in the public finances, or as that article suggests, it’s artificial and a product of a way of accounting for debt?
While knowing that’s largely rhetorical, imma rant anyway - it’s party dogma, nothing more - it’s an ultra-simple way of leveraging a whole nation’s economy so that the majority get poorer and the tory-donor tier of society get richer.
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I take a much simpler view on austerity. You would have to be completely thick to deflate an economy that is going into recession. We are about to enjoy a repeat dose of the dumb.
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Tricky to stimulate growth by cutting back and not spending. If I go to the Funzie Casino and spend less time / gamble less my chances of winning are less.
(Actually they are zero - Damn those topless croupiers)
GDP = C + G + I + NX
Consumption falling due to recession
Government spending falling due to austerity
Investment falling due to recession
Net exports falling due to Brexit
Yeah, it’s the government of growth
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Liz Truss’s government was the government of growth. This current shower are plainly just a part of the anti-growth coalition Liz warned us about.
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You are Joe Lycett and I claim my £5
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Unless they clear the debt how are they going to borrow a load more to give to their friends for NHS privatisation.
Sometimes Bob you just don’t look to the future, it’s short term thinkers like you that are part of the anti growth coalition.
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I get all that chaps. It was that element of the article that was essentially waiting there is no black hole in the finances in the first place I found interesting.
I get that it suits the Tories. Spending cuts that will never be reversed by them and a few short term tax increases that can easily be reversed is their answer. Sadly I don’t see Labour making the case that the financial black hole just doesn’t exist in the first place, in fact it suits Labour to say it does exist and that it’s the Tories fault.
The imaginary black hole can be filled with the magical money tree!
And therein you encapsulate one of our darkest political fears - just as Bliar cracked-on with policies like stealth-privatisation of the NHS, so too will Starmer & Co. crack-on with ‘Tory Lite’ policies - lazy, dishonest, populist politics that change nothing significant for the better…
Blair’s policies and direction were poor in many respects. That said his nonsense is incomparable to the utter bullshit of the last 12 years.
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Politics has long ceased to be about providing leadership and something coherent in terms of a vision about our collective future, and descended into a depressingly superficial clamour to say anything and do very little to get into and cling onto power.
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People don’t care, Matt. Just fuck off.
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What a cunt.
My first thought with Johnson in hospital with Covid, was that the NHS would dig their own grave by saving him.
He should have died, just to make the point that the NHS is understaffed and underpaid and as a bonus, they would not suffer further from Johnson’s policy.
But no, he was saved by those foreign nurses. Who now no longer work for the NHS.
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