Dear God

This was a mistake. When the economy goes into a downturn, it is necessary for the government to increase spending and run a deficit. If it does not, as our government did not after the financial crisis,

The UK did not run a deficit after the crash?

Whut? No, whut?

9 comments on “Dear God

  1. Off topic but something we can all agree on over at Spud’s site. The topic is auditing but one John Connor spots an opening to make a point.

    “John Connor says:

    The Financial Reporting Council is better than nothing.

    Can you imagine an audit by an unregulated firm, making up its on rules with no oversight, no disciplinary fall back, no safeguards, no risk of penalties if the audit subsequently was found to be wrong. Maybe the Big 4 would like to operate in that fashion but it would surely mean that any audit report in such a set up would be utterly worthless?”

    For those that haven’t been keeping up, The Fair Tax Mark is an audit of a company’s tax dealings.

    The Fair Tax Mark an unregulated firm, making up its on rules with no oversight, no disciplinary fall back, no safeguards, no risk of penalties if the audit subsequently is found to be wrong.

  2. ‘This was a mistake. When the economy goes into a downturn, it is necessary for the government to increase spending and run a deficit.’

    Control, but no responsibility.

    How’d you get a downturn in the first place if government controls it?

  3. Wow that is stunning !!!! I Remember saying ,at the time ,that the Labour “Policy” of expanding borrowing was a bit like having a ‘Policy’ of smashing through the windscreen when you crash the car.
    Of course those sensible fiscal hawks of the right ( Redwood springs to mind ) are mysteriously converted to more spending now .That must be because borrowing is now higher than it was when they were the opposite ..its more of magic money shrub than a mere tree now isn`t it .

  4. @Newmania

    It seems to have passed you by – knowledge that is – a mere tree is usually many times larger than a shrub.

    Furthermore, most here oppose May’s extra NHS money.

  5. Interesting discussion on the Moral Maze just now.

    Burke: “Bevan implemented the model of the NHS not because he saw it as effective but because, being near to being a Communist, believed in top-down centralised solutions”.

    And the pro-status-quo proponent: “I don’t want privatisation because I don’t want privatisation, healthcare outcomes are irrelevant, I just don’t want privatisation”

    Burke: “International comparisons have shown the NHS consistantly in the bottom third in effectiveness”
    PSQ: “I don’t believe that”

    (paraphrasing)

  6. @jgh

    I caught a few seconds of The Moral Maze this evening (and a few seconds of R4 is generally all that I allow myself) to hear Giles Frazer (Sp?) *click*

  7. “most here oppose May’s extra NHS money.”

    As my Father is currently in hospital experiencing the NHS’s brand of chaos they call healthcare, I would heartily concur. There’s more than enough money and people in the NHS to provide all the healthcare the country needs, its just that a State owned and run system of delivering healthcare will always fundamentally fail, due to the failings of socialism.

  8. @Jim

    Thanks. Best wishes to your father’s speedy recovery.

    In every interaction I’ve had with NHS as a patient or relative/friend of patient; lack of money/”resources” not the problem; it’s always excess bureaucracy, unnecessary rules and no efficiency or common sense.

  9. @jgh, June 20, 2018 at 9:15 pm

    Thanks.

    Once again Left dogma trumps what is best for people.

    On tax, numerous times on BBC QT [Caroline Lucas, Abbopotamus, Boy Owen, Lady Nugee…] they’ve stated they want higher taxes on the rich and don’t care if they emmigrate as “we” [the Left] don’t want them.
    .

    Downloadable as podcast
    https://www.bbc.co.uk/programmes/b0b6p8fy

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