There is no outrage I can just follow the basic economic justification for the reduction, last year we exceeded our target by 100 million, next year we are reducing, a good rationale has been made for that and a pledge to return to the 0.7 per cent when affordable - I do find the dodgy contracts absolutely disgusting and I hope the gvt are held to account for that.
I guess I just look at it in the same way I run my household, I do t subscribe to the logic oh I’m in this much debt so I will just borrow more to give to others. You yourself tighten your belt when times are hard ? and that’s all the gvt are doing whilst as mentioned still being very generous in comparison to other countries.
The most surprising issue is that you believe this government.
I really cant be doing with this household debt/national debt analogy - Here is a handy cut and keep guide on why its nonsense
By that argument we should just do away with the treasury and print money as much as we want. Doesn’t really work does it!I really cant be doing with this household debt/national debt analogy - Here is a handy cut and keep guide on why its nonsense
Mythbuster: We have to repay the national debt
The myth We have to repay the national debt. Reply The reply - 1 We never have! It's been rising almost constantly since it began. Why should we start repaying it now? The reply - 2 You do know that the national debt includes all our notes and coins? Why do you want to get rid...www.taxresearch.org.uk
See also Germany.....https://www.google.co.uk/amp/s/www.devex.com/news/germany-foreign-aid-and-the-elusive-0-7-95389/amp
There is absolutely no reason for poverty to exist in this country but we use a form of rationing which keeps those at the bottom struggling and willing to work for nothing. Hence, we have people in full time work who must nevertheless claim benefits and then we allow them enough to live on. Meanwhile we have what we laughingly call wealth creators who employ and underpay these people but award themselves obscene salaries and multi million pound bonuses which go straight into offshore accounts and are of no benefit to the country, the high street or the people they employ.
That's exactly how it works. Currency issuing countries can and do print as much money as they want. The argument that we are racking up debt that our children and children's children will have to pay back is fallacy. The UK has never been out of debt for 300 years, we are continuously in the red and as you don't feel you are paying back what the country borrowed in your parents days, my children don't feel that burdon now. They just go to work, earn money and pay tax.
Yes but there has to be an element of management of that otherwise the economy fails.
Politicians equate the economy to household budgets for their own ends. Look how much currency Cameron and May got from that letter saying there's no money left. It was literally a joke but everybody fell in line. What does 'no money left' mean? it means we are in debt, as always. After the 2008 financial crash Gordon Brown literally created money which was used to buy up Government debt in the form of bonds. We owe the money to ourselves. As a result, in the run up to the 2010 general election, the UK enjoyed 15 months of unbroken growth. Then along came the election, Cameron brandished his "no money left' letter, announced that the poor would pay for the sins of he rich and hit us with totally unnecessary and ineffective austerity. We were then plunged into recession.
Not sure anyone that has supported the restrictions and lockdowns so vehemently this year is really in a position to complain about poverty nor be shocked when international aid gets cut. Seems a bit hypocritical to me when those restrictions haven’t just bankrupted businesses, ruined livelihoods and doubled unemployment in this country and forced people into poverty but also forced hundreds of millions more people into extreme poverty around the world according to the WHO. I’ve always been in favour of cutting international aid and using it to tackle poverty in this country, maybe Labour could put that in their next manifesto? We all know they won’t.
I'd heard that the vaccine was going to be given at cost to the poorest countries . That said I wish all aid was in the form of goods and services only.
