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The Biggest Lie In British Politics (14)

Politics's profile . Politics group posts

Doghouse_Reilly
Posted by Doghouse_Reilly on Thu 31 Mar 11, 12:03 AM to the Politics group.

An epic article.

http://johannhari.com/2011/03/29/the-biggest-lie...

British politics today is dominated by a lie. This lie is making it significantly more likely you will lose your job, your business, or your home. The lie gives a false explanation for how we came to be in this crisis, and prescribes a medicine that will worsen our disease. Yet it is hardly being challenged.

Here's the lie. We are in a debt crisis. Our national debt is dangerously and historically high. We are being threatened by the international bond markets. The way out is to eradicate our deficit rapidly. Only that will restore “confidence”, and therefore economic growth. Every step of this program is false, and endangers you.

Read and learn. There will be a test later.

Replies

31 Mar 11, 8:14 AM
Ian_2007
UK(N), 4 yrs
All one can learn from Mr Hari is that investment bankers are, surprisingly, not the people with the highest ratio of total income to total effort. Op-ed columnists are.

The last hobbyhorse of his I read before I gave up on his columns forever was about how you and I, the taxpayers, should be punished because he couldn't be fagged to either look after elderly members of his family or even conduct due diligence when selecting a care home for her. Or even visit her once he'd packed her off to it. It's hard for me to be neutral about such a loathsome parasite, but I'll try :-)

Comparing debt now to debt during the past 250 years (which neatly encapsulates our nation's gradual decline) is a straw man. We didn't have bond market vigilantes in those days. We (probably) didn't even have them last year, when this nation could have voted not to believe in them. But it voted to believe in them, and it voted to act to see them off, and just like the bogeyman, if you tell people that you believe in them, they magically appear.

This country chose its present course democratically (which is to say, without properly considering the consequences :-) ). It's too late to change course now.

31 Mar 11, 10:23 AM
Plein_Soleil
UK(NP), 2 yrs
In the article he states, " I think Tony Blair should be in prison ".

That hasn't always been his view . Consider this from his article in The Independent on 27 August 2003 ;

" Blair went into this ( Iraq ) with the best of intentions . It is just silly to claim that Blair cooked up all these arguments to justify a grab for oil or a straightforward imperialist project " .

His opinions are of no interest .

" Yeah . Well I love my cigar but I take it out once in a while " Groucho Marx

31 Mar 11, 2:31 PM
Doghouse_Reilly
UK(MK), 6 yrs

Play the man not the ball. Classic.

The object of persecution is persecution. The object of torture is torture. The object of power is power.

31 Mar 11, 4:22 PM
Winston_Smith
5 yrs
Plein_Soleil wrote:
In the article he states, " I think Tony Blair should be in prison ".

That hasn't always been his view . Consider this from his article in The Independent on 27 August 2003 ;

" Blair went into this ( Iraq ) with the best of intentions . It is just silly to claim that Blair cooked up all these arguments to justify a grab for oil or a straightforward imperialist project " .

His opinions are of no interest .

His opinions may be of no interest to you. You can hardly say the same of the facts and sources he quotes. Or did that pass you by?

Cunt busting is the new black.

31 Mar 11, 11:48 PM
tom_tom
UK(PO), 7 yrs

There are graphs here - http://www.ukpublicspending.co.uk/uk_national_de...

The national debt doesn't look too significant compared to how much we owed at the end of WW2.

As far as the bond markets go, Moody's has threatened to downgrade the UK's credit rating which would then make borrowing more expensive. Although given that Moody's are currently claiming that Egypt is a safer place to stick your money than Greece you have to wonder if they're full of shit.

Da Vinci was a well known sexual deviant. You know that sketch of the naked man in the wheel? Blueprints for a rape machine.
~~~
snowboarding FTW

1 Apr 11, 1:21 AM
DancesWithPussycats
UK(TW), 7 yrs

tom_tom wrote:
The national debt doesn't look too significant compared to how much we owed at the end of WW2.

It took over half a century to pay of the WW2 debt, and for much of that time Britain was one of the leading manufacturing and exporting countries in the world with wealth generating industries paying off the debt. Even without the banking crisis Britain has been in decline since the 1970s, Gordon Brown's Ponzi scheme, paying for New Labour's bread and circuses on the never never, is indefensible.

International man of mystery
Men are from Mars, women are from Hell

1 Apr 11, 11:26 AM
SirLashleyS
UK(S), 5 yrs

True, and yet despite the colossal debts incurred in world war one, in the twenties & thirties Britain still built the finest public health service/welfare system in the world. As opposed to privatising/dismantling. Some things just do not add up. Also consider the massive amounts from tax revenue used to finance our armed forces almost constant deployment in action abroad?

The silky-smooth soothing voice of reason and logic. (You WILL feel much better and speak more sense while very securely tied-up...)

2 Apr 11, 7:43 PM
Doghouse_Reilly
UK(MK), 6 yrs

Fact is though, whatever Labour might have been doing wrong, the current government policies are basically an economic suicide bomb. The economy is in free fall, and the best they can come up with is to decimate the public sector. I really want to know how putting half a million people onto the dole will stimulate growth.

The object of persecution is persecution. The object of torture is torture. The object of power is power.

2 Apr 11, 8:12 PM
Winston_Smith
5 yrs
The public sector workers might be on the dole but the need for what they did remains. Perfect opportunity for private investment to cash in as 'service providers'?

Doghouse_Reilly wrote:
Fact is though, whatever Labour might have been doing wrong, the current government policies are basically an economic suicide bomb. The economy is in free fall, and the best they can come up with is to decimate the public sector. I really want to know how putting half a million people onto the dole will stimulate growth.

Cunt busting is the new black.

2 Apr 11, 10:03 PM
Doghouse_Reilly
UK(MK), 6 yrs

Bastian wrote:
The public sector workers might be on the dole but the need for what they did remains. Perfect opportunity for private investment to cash in as 'service providers'?

Doghouse_Reilly wrote:
Fact is though, whatever Labour might have been doing wrong, the current government policies are basically an economic suicide bomb. The economy is in free fall, and the best they can come up with is to decimate the public sector. I really want to know how putting half a million people onto the dole will stimulate growth.

More likely, when it comes to matters of the defence of the realm, policing, education and healthcare, these will just be done badly, rather than the private sector stepping up. I mean the Tories all went to Eaton, have private health care and could leave the country in under an hour if The Hun decided to kick off again. What do they care what state public services are in?

The object of persecution is persecution. The object of torture is torture. The object of power is power.

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