Politicians and governments are the biggest fraudsters, on a massive scale. When you look at how much money raised in taxes and is wasted it's incredible.
Looks at the party conference season, we will do this if you vote for us. But in Miliband's speech, he didn't even mention the budget deficit. Christ we can't even close that gap, let alone repay the debt!
Tesco
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
Ask your average person in the street something like 'is it correct that the government cuts are reducing the country's debt?' and most will answer yes imo. Or ask what do they mean when they talk about reducing the deficit?Euler wrote:he didn't even mention the budget deficit. Christ we can't even close that gap, let alone repay the debt!
It is due to a clever bit of propaganda and misdirection by the politicians via the media that make the public in general think the deficit is the debt.
'Everyone knows about Britain’s employment miracle. We’ve been adding jobs at a speed that seems scarcely believable, and certainly nobody anticipated. Ordinarily, the consequent rapid erosion in the unemployment rate would be both adding to income taxes and reducing the benefits bill, thereby narrowing the deficit.
Yet this hasn’t happened on anything like the scale that might be expected. This is because much of the new employment is in low-pay, low-skilled or part-time work. Self-employment has also played a big role in the jobs recovery. These new forms of work tend not to be as tax rich as the old ones.
...
The UK’s headline numbers might look like something approaching full employment, yet the evidence of virtually zero wage growth suggests still oodles of labour market slack. The good news is that people are at least working. The bad news is that they are failing to add much value. Output per man-hour is going nowhere. To the extent that the economy is growing, it is only doing so largely because the size of the workforce is expanding.'
http://www.telegraph.co.uk/news/politic ... ctive.html
Or to summarize, Britain is f*cked!
It's good that we can afford to fight wars and donate aid to countries with space programmes, though...
Jeff
Yet this hasn’t happened on anything like the scale that might be expected. This is because much of the new employment is in low-pay, low-skilled or part-time work. Self-employment has also played a big role in the jobs recovery. These new forms of work tend not to be as tax rich as the old ones.
...
The UK’s headline numbers might look like something approaching full employment, yet the evidence of virtually zero wage growth suggests still oodles of labour market slack. The good news is that people are at least working. The bad news is that they are failing to add much value. Output per man-hour is going nowhere. To the extent that the economy is growing, it is only doing so largely because the size of the workforce is expanding.'
http://www.telegraph.co.uk/news/politic ... ctive.html
Or to summarize, Britain is f*cked!
It's good that we can afford to fight wars and donate aid to countries with space programmes, though...
Jeff