The Virtual Pub

Come Inside... => The Commons => Topic started by: Snoopy on May 13, 2008, 05:14:36 PM

Title: Economics of the madhouse
Post by: Snoopy on May 13, 2008, 05:14:36 PM
So Darling intends to borrow his way out of trouble ~ presumably knowing that there is no way he will be in place when the money has to be repayed.

I may be simple but does it make sense to loan Northern Rock £25 billion, Other Banks £50 Billion and then have to borrow £2.8 billion to pay out as extra tax allowances rather than say "Sorry but Gordon can't count, he got it wrong so I'll just cancel that wee bit of his budget and all will be well"

Bloody madness.

http://uk.reuters.com/article/domesticNews/idUKLAC00283420080513
Title: Re: Economics of the madhouse
Post by: Mrs TG on May 13, 2008, 05:49:14 PM
So Darling intends to borrow his way out of trouble ~ presumably knowing that there is no way he will be in place when the money has to be repayed.

I may be simple but does it make sense to loan Northern Rock £25 billion, Other Banks £50 Billion and then have to borrow £2.8 billion to pay out as extra tax allowances rather than say "Sorry but Gordon can't count, he got it wrong so I'll just cancel that wee bit of his budget and all will be well"

Bloody madness.

http://uk.reuters.com/article/domesticNews/idUKLAC00283420080513


Oh goody me getting me tax back...good i can book my caribean weekend in south wales in my daughters now!  8)
Title: Re: Economics of the madhouse
Post by: Snoopy on May 13, 2008, 05:53:13 PM
Oh I am pleased that someone likes it.

The bloody man is borrowing your money, from you, to give to you and you will have to pay it back Banghead
Title: Re: Economics of the madhouse
Post by: Grumpmeister on May 13, 2008, 05:53:51 PM
There is a simple answer to this whole mess that will free up a huge amount of cash for public spending. Put all MP's and ministerial staff on performance related pay. Given their current track record they would have to pay us.
Title: Re: Economics of the madhouse
Post by: Snoopy on May 13, 2008, 06:03:05 PM
There is a simple answer to this whole mess that will free up a huge amount of cash for public spending. Put all MP's and ministerial staff on performance related pay. Given their current track record they would have to pay us.


 rubschin: They'll never go for it.  noooo:
Title: Re: Economics of the madhouse
Post by: Grumpmeister on May 13, 2008, 06:09:55 PM
Shame, it would put a couple of billion back into the economy by the end of the week
Title: Re: Economics of the madhouse
Post by: Barman on May 13, 2008, 06:12:59 PM
What a farce...  noooo:
Title: Re: Economics of the madhouse
Post by: Snoopy on May 13, 2008, 06:15:29 PM
What a farce...  noooo:

Put it on at the Whitehall Theatre and nobody would go as it is just not believable.
Title: Re: Economics of the madhouse
Post by: Grumpmeister on May 13, 2008, 06:16:31 PM
I did find this interesting about the whole thing:

Quote
Backbenchers rushed around, clenching their fists in relief, assuring me that at last common sense had prevailed.

But how prudent, I asked them, was it to borrow quite so much when the public finances were so tight?

My only reply was a shrug of the shoulders. What of the 1.1 million people on pretty low pay - £6,500 and £12,800 - who have only been partially compensated and will still lose out something in the region of £100 a year?

We can sort that later, I was told.

'Expensive blunderbus'

And what about what Robert Chote of the Institute of Fiscal Studies called the "expensive blunderbus approach" of paying most of the £2.7bn to people who were never hit by the 10p rate abolition in the first place?

No problem, MPs said, that just means more cash for hardworking families when they are feeling the pinch.

So most of the money thats been allocated will end up going to people who arent affected by the decidion int he first place. Bloody brilliant, another victory for spin.  cussing:
Title: Re: Economics of the madhouse
Post by: Snoopy on May 13, 2008, 06:23:04 PM
The only people they are now fooling are themselves and p'raps a few mouth breathers in Nantwich next week ~ which seems to be the main aim.

Meanwhile I see that Frank Field has apologised to Gordon Brown for saying that Brown has a vile temper and is unlikely to lead the  Party to victory in the next election.

Pity that ~ Field was one of the very few in Parliament that I had any time for. .............. I feel as though I have lost a friend.  sad24:

http://www.guardian.co.uk/politics/2008/may/13/labour.gordonbrown
Title: Re: Economics of the madhouse
Post by: Barman on May 14, 2008, 09:13:32 AM
I think they will still get their collective arses kicked at the by-election...  ;D

They've tried a fast one yet the meeja coverage is still not positive.  cloud9:
Title: Re: Economics of the madhouse
Post by: Pastis on May 14, 2008, 09:23:48 AM
I have never seen quite so much disbelief on Paxman's face as he was interviewing Darling last night.

It was a case of  eeek: eeek: eeek:
Title: Re: Economics of the madhouse
Post by: Barman on May 14, 2008, 09:35:24 AM
I have never seen quite so much disbelief on Paxman's face as he was interviewing Darling last night.

It was a case of  eeek: eeek: eeek:
I have it recorded - I will watch it later...

PMQs should be fun too...