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JU_88 12-20-19 05:56 AM

Quote:

Originally Posted by Skybird (Post 2641112)
Unfortunately it is not understood that endlessly inflating the debt burden does not work either but systematically reduces the degrees of freedom a state has for action..


Its much like living on credit cards and loans, it works for as long you can pay off the interest. Technically so long as you can do that, you never need to pay it back.
Is it wise? obviously not.
We are probably not ever getting out of that one with out a complete global debt collapes of some kind.
If, how and when that would happen is impossible to predict. Wouldn't take much to set it off though at this point.

Agree it is remarkably short sighted of people of an already heavily indebted nation to applaud government policies offering more 'free stuff', because its not, and they, their children or their grand children will pay for it one way or another in the end.

Jimbuna 12-20-19 06:10 AM

Quote:

Originally Posted by JU_88 (Post 2641123)
Its much like living on credit cards and loans, it works for as long you can pay off the interest. Technically so long as you can do that, you never need to pay it back.
Is it wise? obviously not.
We are probably not ever getting out of that one with out a complete global debt collapes of some kind.
If, how and when that would happen is impossible to predict. Wouldn't take much to set it off though at this point.

Agree it is remarkably short sighted of people of an already heavily indebted nation to applaud government policies offering more 'free stuff', because its not, and they, their children or their grand children will pay for it one way or another in the end.

That is now foremost in my mind since the arrival of my first grandchild :yep:

Jimbuna 12-20-19 06:15 AM

Quote:

MPs will vote later on whether to back the prime minister's plan for the UK to leave the EU on 31 January.

The EU (Withdrawal Agreement) Bill would also ban the government from extending the transition period - where the UK is out of the EU but follows many of its rules - past 2020.

Boris Johnson said it would allow the UK to "move forward".

Opponents say the bill leaves the UK's future uncertain, and agreeing a trade deal with the EU could take many years.

But the government insists one can be in place by the end the transition period.

The result of the Commons vote on the bill is expected at about 15:00 GMT.
https://www.bbc.co.uk/news/uk-politics-50854323
No prizes for guessing which way the vote will go, I only hope it is carefully thought through aided by meticulous planning.

STEED 12-20-19 06:18 AM

Printing money and debt go hand in hand they are married to each other, they need each other.

Bojo's big push this afternoon, will he produce his big bouncing brexit baby? The bookies say you got no odds on a asteroid strike on Westminster or a alien ship landing on the Westminster lawn. Sounds like Bojo will do it.

Jimbuna 12-20-19 06:29 AM

I know someone who definitely couldn't.

https://i.postimg.cc/k4WwYQdr/807105...15825920-n.jpg

Catfish 12-20-19 11:41 AM

Unlike the last picture this one is real.

https://i.imgur.com/ON4WH2gl.jpg

STEED 12-20-19 01:17 PM

I rather bojo than the nameless one with his wreckless spending plan.

Jimbuna 12-20-19 06:06 PM

Reading and responding to the above deletion: I've lived in mainland Europe and I can assure you our NHS is still better than that of our European 'cousins' and also the envy of the world.

Catfish 12-20-19 06:08 PM

And I seriously doubt that.

Jimbuna 12-20-19 06:09 PM

Quote:

MPs have backed Prime Minister Boris Johnson's plan for the UK to leave the EU on 31 January.

They voted 358 to 234 - a majority of 124 - in favour of the EU (Withdrawal Agreement) Bill, which now goes on to further scrutiny in Parliament.

The bill would also ban an extension of the transition period - during which the UK is out of the EU but follows many of its rules - past 2020.

The PM said the country was now "one step closer to getting Brexit done".

Labour leader Jeremy Corbyn told his MPs to vote against the bill, saying there was "a better and fairer way" to leave the EU - but six of them backed the government.
https://www.bbc.co.uk/news/uk-politics-50870939
I reckon we will be seeing a lot more of this in the near future.

One of those Labour MP's was my town representative surprise surprise (bhased on how she has voted regarding Brexit in the past).

Jimbuna 12-20-19 08:55 PM

https://i.postimg.cc/VkBB0LsW/128214...02402618-n.jpg

Jimbuna 12-21-19 07:41 AM

General election 2019: What's it like to lose your seat as an MP?

https://www.bbc.co.uk/news/election-2019-50712756

JU_88 12-21-19 12:35 PM

Quote:

Originally Posted by Jimbuna (Post 2641171)
I reckon we will be seeing a lot more of this in the near future.

One of those Labour MP's was my town representative surprise surprise (bhased on how she has voted regarding Brexit in the past).


6 Labour MPs actually voted for it despite Corbyns plea (the bill that just passed)

Moonlight 12-21-19 01:25 PM

12 Tory MPs didn't vote for the bill, it'll not be the last time he'll come up against such dissent. :o Maybe Boris needs to give them a backhander to remind them to toe the party line in future. :O:

Jimbuna 12-21-19 08:26 PM

Labour leadership: How wide will the debate be?

https://www.bbc.co.uk/news/uk-politics-50872700


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