Comments on: Let’s borrow more to cut borrowing! http://www.johnredwoodsdiary.com/2008/10/27/lets-borrow-more-to-cut-borrowing/ Conservative Party Candidate for Wokingham Fri, 19 Mar 2010 18:16:21 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: mikestallard http://www.johnredwoodsdiary.com/2008/10/27/lets-borrow-more-to-cut-borrowing/#comment-26595 mikestallard Mon, 27 Oct 2008 19:33:10 +0000 http://www.johnredwoodsdiary.com/?p=1910#comment-26595 I am one of those with family savings in the bank...... My dear old wife thinks they are safe. I try and try to explain inflation to her, but she just cannot see it. "Surely", she says, "£2,000 income per year is still £2,000?" Bless. This is the woman who, when we were in debt to the tune of a thousand or so with zero (and I mean zero) equity, coped by going from bank to bank until she found one that was constructive and helpful (Nationwide). There are gong to be a lot of people like us over the next few years unless Mr Brown has a Damascus Road experience. You see, the key time for us in the 21st century will be in fact the 1970s. I was stealing school food for my family, cycling 4 miles to work, sitting in the dark when the lights went out and reading of doom and gloom in the papers. "Crisis? What Crisis?" I am one of those with family savings in the bank……
My dear old wife thinks they are safe. I try and try to explain inflation to her, but she just cannot see it. “Surely”, she says, “£2,000 income per year is still £2,000?” Bless.
This is the woman who, when we were in debt to the tune of a thousand or so with zero (and I mean zero) equity, coped by going from bank to bank until she found one that was constructive and helpful (Nationwide).
There are gong to be a lot of people like us over the next few years unless Mr Brown has a Damascus Road experience.
You see, the key time for us in the 21st century will be in fact the 1970s. I was stealing school food for my family, cycling 4 miles to work, sitting in the dark when the lights went out and reading of doom and gloom in the papers.
“Crisis? What Crisis?”

]]> By: Stuart Fairney http://www.johnredwoodsdiary.com/2008/10/27/lets-borrow-more-to-cut-borrowing/#comment-26587 Stuart Fairney Mon, 27 Oct 2008 14:44:40 +0000 http://www.johnredwoodsdiary.com/?p=1910#comment-26587 The problem if I may be so bold is big government. They are wedded to it and utterly incapable, both emotionally and intellectually, of considering any solution that does not have the government's fingerprints all over it. Thus disaster looms. The problem if I may be so bold is big government. They are wedded to it and utterly incapable, both emotionally and intellectually, of considering any solution that does not have the government’s fingerprints all over it. Thus disaster looms.

]]> By: APL http://www.johnredwoodsdiary.com/2008/10/27/lets-borrow-more-to-cut-borrowing/#comment-26584 APL Mon, 27 Oct 2008 12:35:16 +0000 http://www.johnredwoodsdiary.com/?p=1910#comment-26584 AEG: " but why does no one seem to care? " Oh we do care. Many people are furious! Perhaps, what you mean is, why does none of the politicians seem to care? Because the politicians in the UK are part of a confidence trick, a lie and a deception. Not one of them, not Brown, not Darling, not Cameron nor his sidekick Osbourne are willing to do anything about the problem, because to do so would involve telling the truth about the status of the United Kingdom and its freedom to act. We as a nation are trussed up and delivered to the European Union. Brown, Cameron et al, are happy to pay £10 billion per year of our taxes to get someone else to do THEIR job for them. Then one or other of them swank around pretending to govern the country. Meanwhile they run off cap in hand to this or that international buisness man to prostitute themselves and their country for a few pennies to keep their revolting parties in buisness. Curly: "Why cannot they formulate policies that would leave more money in my pocket, so that I can decide how and where to spend it?" They can't formulate policies because they have abdicated control! Neil Craig: "To do really well government should also cut the regulations that massively increase the cost of business, particularly in the building sector." Cut regulations? Go on how are they going to do that? By what authority?? AEG: ” but why does no one seem to care? ”

Oh we do care. Many people are furious!

Perhaps, what you mean is, why does none of the politicians seem to care?

Because the politicians in the UK are part of a confidence trick, a lie and a deception. Not one of them, not Brown, not Darling, not Cameron nor his sidekick Osbourne are willing to do anything about the problem, because to do so would involve telling the truth about the status of the United Kingdom and its freedom to act.

We as a nation are trussed up and delivered to the European Union. Brown, Cameron et al, are happy to pay £10 billion per year of our taxes to get someone else to do THEIR job for them. Then one or other of them swank around pretending to govern the country.

Meanwhile they run off cap in hand to this or that international buisness man to prostitute themselves and their country for a few pennies to keep their revolting parties in buisness.

Curly: “Why cannot they formulate policies that would leave more money in my pocket, so that I can decide how and where to spend it?”

They can’t formulate policies because they have abdicated control!

Neil Craig: “To do really well government should also cut the regulations that massively increase the cost of business, particularly in the building sector.”

Cut regulations? Go on how are they going to do that? By what authority??

]]> By: Neil Craig http://www.johnredwoodsdiary.com/2008/10/27/lets-borrow-more-to-cut-borrowing/#comment-26582 Neil Craig Mon, 27 Oct 2008 11:33:07 +0000 http://www.johnredwoodsdiary.com/?p=1910#comment-26582 A recession is where resources that are in less productive institutions are shaken out until you get to the stage where the remaining businesses average fairly productive. The problem is that the least productive user of resources is government & yet it is growing. The way out of the recession would therefore be for government to do more shrinking than the economy - the moreso the faster we get through it. To do really well government should also cut the regulations that massively increase the cost of business, particularly in the building sector. A recession is where resources that are in less productive institutions are shaken out until you get to the stage where the remaining businesses average fairly productive. The problem is that the least productive user of resources is government & yet it is growing. The way out of the recession would therefore be for government to do more shrinking than the economy – the moreso the faster we get through it.

To do really well government should also cut the regulations that massively increase the cost of business, particularly in the building sector.

]]> By: Curly http://www.johnredwoodsdiary.com/2008/10/27/lets-borrow-more-to-cut-borrowing/#comment-26578 Curly Mon, 27 Oct 2008 09:50:15 +0000 http://www.johnredwoodsdiary.com/?p=1910#comment-26578 Why cannot they formulate policies that would leave more money in my pocket, so that I can decide how and where to spend it? They seem happier to lumber huge amounts of debt on to future generations making the green shoots of recovery fight harder to get their heads above the tumbleweed of public debt. Why cannot they formulate policies that would leave more money in my pocket, so that I can decide how and where to spend it?

They seem happier to lumber huge amounts of debt on to future generations making the green shoots of recovery fight harder to get their heads above the tumbleweed of public debt.

]]> By: AEG http://www.johnredwoodsdiary.com/2008/10/27/lets-borrow-more-to-cut-borrowing/#comment-26576 AEG Mon, 27 Oct 2008 09:24:04 +0000 http://www.johnredwoodsdiary.com/?p=1910#comment-26576 The pound is crashing, and the FTSE seems to be in free-fall. Brown is pledging to borrow more as the 'responsible' thing to do, when a fortnight ago he declared that the problem was that everyone was borrowing irresponsibly. I'm 22, so too young to remember anything to do with John Majors government, let alone anything before, that, but why does no one seem to care? I don't really care what Mandleson/Osbourne got up to, as no-one has actually done anything, let alone done anything wrong. As far as I'm aware, the FTSE seems to have gone from c.6600 to c.3700 in a year, most of which happened in the last month or so, and no-one's batted an eyelid. Why? The pound is crashing, and the FTSE seems to be in free-fall. Brown is pledging to borrow more as the ‘responsible’ thing to do, when a fortnight ago he declared that the problem was that everyone was borrowing irresponsibly.

I’m 22, so too young to remember anything to do with John Majors government, let alone anything before, that, but why does no one seem to care? I don’t really care what Mandleson/Osbourne got up to, as no-one has actually done anything, let alone done anything wrong. As far as I’m aware, the FTSE seems to have gone from c.6600 to c.3700 in a year, most of which happened in the last month or so, and no-one’s batted an eyelid.

Why?

]]> By: oldtimer http://www.johnredwoodsdiary.com/2008/10/27/lets-borrow-more-to-cut-borrowing/#comment-26575 oldtimer Mon, 27 Oct 2008 09:14:34 +0000 http://www.johnredwoodsdiary.com/?p=1910#comment-26575 I am sure you know this better than me. It is not about progress but about politics - Brown preparing the ground for the next election. In his narrative, more government spending is an unalloyed good and Tory spending cuts are an unalloyed bad (cue refrain "hospitals closed" etc etc). Japan fell into the extra government spending trap in the 1990s with numerous wasteful and useless public spending projects. These failed to revive the Japanese economy. I agree with you that ways should be found to cut future spending plans and commitments in order to curtail the growth of borrowing. But if government borrowing is going to go up, it would be better employed funding tax cuts which promote economic activity across the economy. I am sure you know this better than me. It is not about progress but about politics – Brown preparing the ground for the next election. In his narrative, more government spending is an unalloyed good and Tory spending cuts are an unalloyed bad (cue refrain “hospitals closed” etc etc).

Japan fell into the extra government spending trap in the 1990s with numerous wasteful and useless public spending projects. These failed to revive the Japanese economy.

I agree with you that ways should be found to cut future spending plans and commitments in order to curtail the growth of borrowing. But if government borrowing is going to go up, it would be better employed funding tax cuts which promote economic activity across the economy.

]]> By: figurewizard http://www.johnredwoodsdiary.com/2008/10/27/lets-borrow-more-to-cut-borrowing/#comment-26573 figurewizard Mon, 27 Oct 2008 08:50:55 +0000 http://www.johnredwoodsdiary.com/?p=1910#comment-26573 The bit about progress ought to be towards a Conservative government and at times like these it is the voice of the shadow Chancellor of the Exchequer which would be of the greatest interest to the voters. Vince Cable apart this appears to be sadly muted at present however. The bit about progress ought to be towards a Conservative government and at times like these it is the voice of the shadow Chancellor of the Exchequer which would be of the greatest interest to the voters. Vince Cable apart this appears to be sadly muted at present however.

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