Greece goes bust

[egb_hibs]

That's the only two countries with bigger deficits than us adopted cuts of biblical proportions (Ireland) and gone bust (Greece), so now the IMF will cut on a similar scale. Meanwhile, the country behind us, and the fourth nation to have a double digit deficit (Spain) has > 19% unemployment.

Still, we'll be ok; only nasty parties in britain want to cut. The substantial Gordon has fixed it all with his money presses, nothing at all has been swept under the carpet until after the election, at huge cost and for narrow political gain; and nothing unpleasant will happen unless you vote tory on 6th May.

 

[Burbank Lilywhite]

Keep a watch on California because this state is Greece Part Deux. The real unemployment rate is pretty close to 20%, with no real want or wish to cut spending or live within existing revenue streams. The city of LA alone is almost 600 million in the red, and is attempting to raise the water rates approximately 17-22% over the next few months.

 

[Smurf]

That's the only two countries with bigger deficits than us adopted cuts of biblical proportions (Ireland) and gone bust (Greece), so now the IMF will cut on a similar scale. Meanwhile, the country behind us, and the fourth nation to have a double digit deficit (Spain) has > 19% unemployment.

Still, we'll be ok; only nasty parties in britain want to cut. The substantial Gordon has fixed it all with his money presses, nothing at all has been swept under the carpet until after the election, at huge cost and for narrow political gain; and nothing unpleasant will happen unless you vote tory on 6th May.

Brown has legislated to cut the deficit by half over the term of a Parliament. A mixture of tax rises and spending cuts have already been outlined. There will need to be more obviously but the parties can't outline them because our public are too stupid. Our borrowings are similar to all our major competitors no?
(Posted fae ma mobile fone)

 

[egb_hibs]

Brown has legislated to cut the deficit by half over the term of a Parliament.

So what? That means Irish scale cuts; a gotterdamerung that will make the 80s seem like child's play. The tories did that in the 80s will repairing a beggared nation.

Whoever is elected now will have to do it to repair a beggared nation. The same people beggared it each time, but the tories are apparently the nasty party.

A mixture of tax rises and spending cuts have already been outlined. There will need to be more obviously but the parties can't outline them because our public are too stupid. Our borrowings are similar to all our major competitors no?
(Posted fae ma mobile fone)

Smurf, Smurf, Smurf...stop swallowing the BS. It is not the portion of our debt which is actually on the books which is the major area of concern; it's higher than most, but there are some that are higher.

It is our deficit and it is not comparable with all our major competitors. The people with comparable deficits (in Europe) are Ireland, Greece and Spain.

And they're all fucked.