Quote:
Originally Posted by GEaston
Maybe I should start a new thread on this topic, but what benefits would you cut?
In 2004 the benefits bill was just over £70 billion a year. In 2013 its £120 billion. So this bill has risen by more than 50% against a falling tax take.
By any measure the UK Govt is bankrupt with debts exceeding £1trillion.
We don't have 50% more vulnerable people, don't have 50% more disabled people, don't have 50% more sick people, don't have 50% more people in need (recession causes hardship, but not 50% more).
So how does the govt cover the extra £50 billion? And should we be spending 50% more than in 2004? We've hit the credit card limit as a country, so what do you propose to cut?
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This is the kind of neoclassical economic bs that reduces the human condition to percentages and corporate bottom lines. And this "credit card limit" garbage! We are discussing a major world economy here, linked to other major economies, and you use the analogy of a maxed out credit card! Gimme a break. Folks posting on this topic know whats going on ... they don't need elementary lectures in economics, Reaganomics, and Thatcherism.