dune Posted 20 April, 2011 Posted 20 April, 2011 it underlines why George Osborne was right – and remains right – to put eliminating the deficit at the heart of what the Coalition is doing. S&P’s decision reminds us that governments that do not offer a credible plan for dealing with excess can be swiftly punished. http://blogs.telegraph.co.uk/news/benedictbrogan/100084297/american-debt-warning-vindicates-george-osbornes-plan-a/ All I can say is thank god the Conservative led coalition is in power and that they are making unpopular decisons for the good of the country. Given the collosal deficit inheritted from Labour any downgrade would have resulted in far greater pain than we are currently experiencing as the interest we pay on the money we borrow increased. In short our country would be in a terminal vicious circle of decline. George Osbornes measures rescued us from the brink. The USA is in for a very rocky ride. http://www.early-retirement-investor.com/uks-credit-rating.html
dune Posted 20 April, 2011 Author Posted 20 April, 2011 Yes, but right! The deathly silence from the Labour supporters would suggest as much.
Saint_Jonny Posted 20 April, 2011 Posted 20 April, 2011 The deathly silence from the Labour supporters would suggest as much. Probably just bored with your endless twoddle. Why not sod off to a forum where people might be A) a little more enlightened on such matters and B) Actually give a ****.
Deppo Posted 20 April, 2011 Posted 20 April, 2011 I'm disappointed with the lack of YouTube evidence for this. I won't believe it is true until I've seen a YouTube link.
trousers Posted 20 April, 2011 Posted 20 April, 2011 Dune, you make an astute point, but you're forgetting that the nasty Tory led coalition (mantra, mantra, mantra, etc) are destroying all public services before our very eyes. Is that really a price we are prepared to pay for strong fiscal leadership...? ;-)
trousers Posted 20 April, 2011 Posted 20 April, 2011 I'm disappointed with the lack of YouTube evidence for this. I won't believe it is true until I've seen a YouTube link. YouTube doesn't allow 18 certificate films...
bridge too far Posted 20 April, 2011 Posted 20 April, 2011 I've just read a plethora of articles from the likes of Forbes magazine, New York Times etc. From what I've read, it seems to me that S & P downgraded the US because of fears that agreement won't be reached by the two main parties on how to address the long-term debt and that the rating is a 'political' move.
Mao Cap Posted 20 April, 2011 Posted 20 April, 2011 Generally CBA with all this, but Ed Balls did a rather good hatchet job on the Chancellor's sh*te today: http://www.guardian.co.uk/commentisfree/2011/apr/19/george-osborne-uk-economy-growth?INTCMP=SRCH Never let facts stand in the way of the established narrative though. Carry on.
Joesaint Posted 20 April, 2011 Posted 20 April, 2011 We need to cut our dept, simple as that. If we had no dept we would have ALOT more money to spend but Labour as always ruin us... Cheers Labour, well done. COYS
Jonnyboy Posted 20 April, 2011 Posted 20 April, 2011 We need to cut our dept, simple as that. If we had no dept we would have ALOT more money to spend but Labour as always ruin us... Cheers Labour, well done. COYS Are you 12? Who are these people threatening us anyway? Oh the banks, hmm which we own. Glad to see a bit of people power biting their arses today with the PPI repayments. F*ckers.
Thorpe-le-Saint Posted 21 April, 2011 Posted 21 April, 2011 ****ing hell, more news articles posted as fact. Have yourself another day off will you! Or better still, get back to work and contribute towards my pension.
JustMike Posted 21 April, 2011 Posted 21 April, 2011 we are so skint yet we still manage to give, give, give. Or is it a case that maybe we aren't as broke as led to believe
Jonnyboy Posted 21 April, 2011 Posted 21 April, 2011 we are so skint yet we still manage to give, give, give. Or is it a case that maybe we aren't as broke as led to believe Libya is estimated to cost £1billion to the UK tax-payer within 3 months of us getting involved. Money well spent? http://www.dailyecho.co.uk/news/8988087.The_true_face_of_the_cuts/?ref=mr
View From The Top Posted 21 April, 2011 Posted 21 April, 2011 ****ing hell, more news articles posted as fact. Have yourself another day off will you! Or better still, get back to work and contribute towards my pension. He's just another scrounging, workshy, doleite
dune Posted 21 April, 2011 Author Posted 21 April, 2011 He's just another scrounging, workshy, doleite With a full time job.
Ludwig Posted 21 April, 2011 Posted 21 April, 2011 blog in torygraph says tories are justified in their actions blah blah blah
Gingeletiss Posted 22 April, 2011 Posted 22 April, 2011 Yeh, good plan, we just leave the Libyans to be slaughtered by their dictatorial leader, a man who vowed to kill each man woman and child. No, lets just let it happen, we'll just keep all those jobs that Labour made up, instead.
Colinjb Posted 22 April, 2011 Posted 22 April, 2011 It said a lot to me that a group of colleagues over from Germany, who were here for one of our bi-annual sales meetings actually respected that our economy had been more steady in recovery then their own. They had grown quicker then us on the way out of recession but all of the financial advisors within the company are now running scared of this dreaded 'double dip.' The growth had yet again been unsustainable. They respected that our government was at least trying to make hard decisions that would ensure any growth was made on stable foundations.... whether this will allow us to be resistant to what happens overseas is another matter though.
trousers Posted 22 April, 2011 Posted 22 April, 2011 It said a lot to me that a group of colleagues over from Germany, who were here for one of our bi-annual sales meetings actually respected that our economy had been more steady in recovery then their own. They had grown quicker then us on the way out of recession but all of the financial advisors within the company are now running scared of this dreaded 'double dip.' The growth had yet again been unsustainable. They respected that our government was at least trying to make hard decisions that would ensure any growth was made on stable foundations.... whether this will allow us to be resistant to what happens overseas is another matter though. I was at a conference in Berlin the week before last and was hearing similar things from the delegates there. (delegates from across the EMEA region)
Jonnyboy Posted 22 April, 2011 Posted 22 April, 2011 Yeh, good plan, we just leave the Libyans to be slaughtered by their dictatorial leader, a man who vowed to kill each man woman and child. No, lets just let it happen, we'll just keep all those jobs that Labour made up, instead. What about Sri Lanka? Oh yeah, no oil there.
Thedelldays Posted 22 April, 2011 Posted 22 April, 2011 What about Sri Lanka? Oh yeah, no oil there. we cant do it all...because of that, should we not bother at all..?
dune Posted 22 April, 2011 Author Posted 22 April, 2011 It's a similar scenario to Kosovo. Libya is just across the sea from Europe.
Jonnyboy Posted 22 April, 2011 Posted 22 April, 2011 we cant do it all...because of that, should we not bother at all..? tired
Jonnyboy Posted 22 April, 2011 Posted 22 April, 2011 we cant do it all...because of that, should we not bother at all..? Must be just a coincidence then. Well at least we've learned from Iraq and sorted out a credible plan for post-Gadaffi Libya. We know all about the rebels and what they stand for... oh.
redkeith Posted 22 April, 2011 Posted 22 April, 2011 All you Tory boys, I am a bit suprised that you are not up in arms about the influence of the credit ratings from these unelected Private International organisations. Sounds like interference in the running of a Sovereign State to me. Imagine the uproar in the Mail if the credit ratings were delivered from Brussels or Stasbourg ..... ' EU orders hospital closure .....' It's all about perspective I supose .
Jonnyboy Posted 23 April, 2011 Posted 23 April, 2011 All you Tory boys, I am a bit suprised that you are not up in arms about the influence of the credit ratings from these unelected Private International organisations. Sounds like interference in the running of a Sovereign State to me. Imagine the uproar in the Mail if the credit ratings were delivered from Brussels or Stasbourg ..... ' EU orders hospital closure .....' It's all about perspective I supose . spot on
aintforever Posted 24 April, 2011 Posted 24 April, 2011 Yeh, good plan, we just leave the Libyans to be slaughtered by their dictatorial leader, a man who vowed to kill each man woman and child. No, lets just let it happen, we'll just keep all those jobs that Labour made up, instead. Why do people bang on like it's a simple choice between US letting a massacre happen or blowing £1billion of tax payer's money we can't afford? There are 195 countries on this planet, let someone else do it for a change.
angelman Posted 25 April, 2011 Posted 25 April, 2011 All I can say is thank god the Conservative led coalition is in power Nothing Conservative about the government. Conservatives used to have some cajones but now all we have is some homogenised Blair clone.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now