How many ways to fix a broken economy?

How many ways to fix a broken economy?

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Discussion

raf_gti

Original Poster:

4,082 posts

208 months

Saturday 24th April 2010
quotequote all
The Tories want cuts, Labour want to spend spend spend.

Is there really only one way to fix this or will both solutions work?

To my little brain pulling £6 Billion out really can't be all that good for the country..

Asterix

24,438 posts

230 months

Saturday 24th April 2010
quotequote all
Ummm - he wants business to pay £6bn and then throw it at public services which is not the real economy.

The other irony is that the UK's largest employer will suffer the most from the employers NI rise - any guesses who that is..?

My solution is to have the work shy made to contribute to their local society - picking up litter, painting over graffiti etc.. they'll get the minimum wage and councils will suddenly have thousands of workers which are then taken off the benefits gravy train. Those incapable of moving, the obese and physically unable are given lap tops to provide basic back up stuff as well. They get trained, we get a service.

We also cull the 35 managers to 1 nurse etc...

Just saved you around £100bn over the next few years and your tax burden will be far less.

Edited by Asterix on Saturday 24th April 21:52

glazbagun

14,326 posts

199 months

Saturday 24th April 2010
quotequote all
Doesn't the interest payment on our national debt increase by half a billion a day, anyway?


JagLover

42,805 posts

237 months

Saturday 24th April 2010
quotequote all
It was a labour minister in the 70s who conceded you couldn't spend your way out of a recession.

By all means if the circumstances warrent it there should be a Keynesiasm stimulus, but there comes a point where the deficit is so large that it in itself is the main threat to future prosperity.



Edited by JagLover on Saturday 24th April 22:10

mft

1,752 posts

224 months

Saturday 24th April 2010
quotequote all
Asterix said:
My solution is to have the work shy made to contribute to their local society - picking up litter, painting over graffiti etc.. they'll get the minimum wage and councils will suddenly have thousands of workers which are then taken off the benefits gravy train.
So your solution to the vast public sector and the huge amount of money the Gov't is spending is to... move all unemployed into employment with the public sector, and pay them more than they'd have got in benefits, all for the sake of getting them to do some fairly pointless menial tasks?

Genius.

JagLover

42,805 posts

237 months

Saturday 24th April 2010
quotequote all
mft said:
Asterix said:
My solution is to have the work shy made to contribute to their local society - picking up litter, painting over graffiti etc.. they'll get the minimum wage and councils will suddenly have thousands of workers which are then taken off the benefits gravy train.
So your solution to the vast public sector and the huge amount of money the Gov't is spending is to... move all unemployed into employment with the public sector, and pay them more than they'd have got in benefits, all for the sake of getting them to do some fairly pointless menial tasks?

Genius.
The numbers on job seekers allowance long term are only a small part of those dependent on the state and most receive far more in benefits than they would working for the minimum wage.

eldar

21,945 posts

198 months

Saturday 24th April 2010
quotequote all
raf_gti said:
The Tories want cuts, Labour want to spend spend spend.

Is there really only one way to fix this or will both solutions work?

To my little brain pulling £6 Billion out really can't be all that good for the country..
You earn £20,000 a year, after tax. You spend £19,500, save £500. No problem.

Earn £20,000, spend £25,000, after a few years, you are in trouble, as are the fools who lent you £5,000 a year you can't repay.

So earn more and spend less. Simples, Mr Dickens.

As we owe £950,400,000,000 - or £15,800 each in government debt, £6bn doesn't even cover the interest (£31 bn, or a tenner a week per head)

None of the parties is approaching reality here.

Puggit

48,572 posts

250 months

Saturday 24th April 2010
quotequote all
There's only one way to fix it.

Get Labour out

elster

17,517 posts

212 months

Saturday 24th April 2010
quotequote all
There is only one way to pay the debt back and that is to spend less on public services.

mft

1,752 posts

224 months

Saturday 24th April 2010
quotequote all
JagLover said:
mft said:
Asterix said:
My solution is to have the work shy made to contribute to their local society - picking up litter, painting over graffiti etc.. they'll get the minimum wage and councils will suddenly have thousands of workers which are then taken off the benefits gravy train.
So your solution to the vast public sector and the huge amount of money the Gov't is spending is to... move all unemployed into employment with the public sector, and pay them more than they'd have got in benefits, all for the sake of getting them to do some fairly pointless menial tasks?

Genius.
The numbers on job seekers allowance long term are only a small part of those dependent on the state and most receive far more in benefits than they would working for the minimum wage.
Interesting - I really didn't think this was the case. Could you point me towards some figures on this?

Asterix

24,438 posts

230 months

Saturday 24th April 2010
quotequote all
JagLover said:
mft said:
Asterix said:
My solution is to have the work shy made to contribute to their local society - picking up litter, painting over graffiti etc.. they'll get the minimum wage and councils will suddenly have thousands of workers which are then taken off the benefits gravy train.
So your solution to the vast public sector and the huge amount of money the Gov't is spending is to... move all unemployed into employment with the public sector, and pay them more than they'd have got in benefits, all for the sake of getting them to do some fairly pointless menial tasks?

Genius.
The numbers on job seekers allowance long term are only a small part of those dependent on the state and most receive far more in benefits than they would working for the minimum wage.
Exactly.

sadoksevoli

1,232 posts

259 months

Saturday 24th April 2010
quotequote all
The broken economy is a symptom caused by far more serious issues which overall make for a totally broken Britain - a gullible credulous inane brainwashed electorate being indulged by a ghastly political claque, with a rabid media made up of warped journalists, a country devoid of any real philosophical or moral direction, a general expectation that life can get easier, shiny hospitals and schools are just a matter of money, and a society incapable of recognising what it is that made us a largely civilised and advanced country - no point fixing the broken economy without fixing the problems that caused it.

dilbert

7,741 posts

233 months

Saturday 24th April 2010
quotequote all
Asterix said:
Ummm - he wants business to pay £6bn and then throw it at public services which is not the real economy.

The other irony is that the UK's largest employer will suffer the most from the employers NI rise - any guesses who that is..?

My solution is to have the work shy made to contribute to their local society - picking up litter, painting over graffiti etc.. they'll get the minimum wage and councils will suddenly have thousands of workers which are then taken off the benefits gravy train. Those incapable of moving, the obese and physically unable are given lap tops to provide basic back up stuff as well. They get trained, we get a service.

We also cull the 35 managers to 1 nurse etc...

Just saved you around £100bn over the next few years and your tax burden will be far less.

Edited by Asterix on Saturday 24th April 21:52
The government are currently encouraging unemployed people to do voluntary work. I'll not work voluntarily for a commercial organisation, as the job centre would like. However I have willingly applied to a range of voluntary groups for work. One was making specialist prosthetics, however it turns out that there's not much work in that field. I guess they're made in Taiwan, and funded by the NHS, these days.

If anyone can tell me how to get the minimum wage on the dole, I'm all ears.

Edited by dilbert on Saturday 24th April 22:57

Maxf

8,412 posts

243 months

Saturday 24th April 2010
quotequote all
Cut spending, increase income. Same as if I owed the bank more than I could afford.

We are an island nation perfectly placed between the east and west. Stop hammering the financial industries and, instead, encourage more business here - perhaps reduce company taxes as a 'loss leader' but make it a little tougher for the earned money to leave the country/system.

Decrease the amount of red tape for businesses and bring back some of the great British 'ingenuity', creating more jobs which can mean the public sector non-jobs can start moving over to the private sector. I dont think we can cut the public sector overnight, as it is so intertwined with the economy.

Jim the Sunderer

3,241 posts

184 months

Saturday 24th April 2010
quotequote all
Has anything come of the oil around the Falklands? Surely that could be a bit of a saviour?

elster

17,517 posts

212 months

Saturday 24th April 2010
quotequote all
Jim the Sunderer said:
Has anything come of the oil around the Falklands? Surely that could be a bit of a saviour?
Too expensive to bother.

jules_s

4,363 posts

235 months

Saturday 24th April 2010
quotequote all
Maxf said:
Cut spending, increase income. Same as if I owed the bank more than I could afford.

We are an island nation perfectly placed between the east and west. Stop hammering the financial industries and, instead, encourage more business here - perhaps reduce company taxes as a 'loss leader' but make it a little tougher for the earned money to leave the country/system.

Decrease the amount of red tape for businesses and bring back some of the great British 'ingenuity', creating more jobs which can mean the public sector non-jobs can start moving over to the private sector. I dont think we can cut the public sector overnight, as it is so intertwined with the economy.
Didn't the UK tax payer bail out uk/various banks out to the tune of £1.3 trillion?

And we have a national debt of 1.2 trillion?

And we have to pay interest on that when the banks still refuse loans and give their employees staggering bonuses?


mft

1,752 posts

224 months

Sunday 25th April 2010
quotequote all
Asterix said:
JagLover said:
mft said:
Asterix said:
My solution is to have the work shy made to contribute to their local society - picking up litter, painting over graffiti etc.. they'll get the minimum wage and councils will suddenly have thousands of workers which are then taken off the benefits gravy train.
So your solution to the vast public sector and the huge amount of money the Gov't is spending is to... move all unemployed into employment with the public sector, and pay them more than they'd have got in benefits, all for the sake of getting them to do some fairly pointless menial tasks?

Genius.
The numbers on job seekers allowance long term are only a small part of those dependent on the state and most receive far more in benefits than they would working for the minimum wage.
Exactly.
Which bit of what he wrote does your "exactly" refer to?

1. "The numbers on job seekers allowance long term are only a small part of those dependent on the state"

...or...

2. "and most receive far more in benefits than they would working for the minimum wage"

AJS-

15,366 posts

238 months

Sunday 25th April 2010
quotequote all
One way: Huge huge cuts in public spending. Slash the lot.

Giving the benefits army minimum wage is a crazy idea. Not only would it cost an absolute fortune, but it would completely fk over all the small businesses who are also competing for these wages, by pushing the wage at which people would take a job higher still.

Scrap benefits altogether.

Painful in the short term but much better in the long run.

markcoznottz

7,155 posts

226 months

Sunday 25th April 2010
quotequote all
AJS- said:
One way: Huge huge cuts in public spending. Slash the lot.

Giving the benefits army minimum wage is a crazy idea. Not only would it cost an absolute fortune, but it would completely fk over all the small businesses who are also competing for these wages, by pushing the wage at which people would take a job higher still.

Scrap benefits altogether.

Painful in the short term but much better in the long run.
Scrap the minimum wage, its a populist posturing piece of nonsense. All it means is companies in the service sector employ under 22's, preferably even under 18. Has also fed the growth of angency staff, who cant string together a full working week, and adds an unnecesary intermediate cost in the chain. Labour at its best.