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 Post subject: "CUTS" THREAD
PostPosted: Wed Oct 20, 2010 10:24 pm 
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It's always the next day that gets you, although sometimes the day after as well - and that's the downside of going up to the "smoke". With the "cuts" dominating the news, though, this day can't come to an end quick enough, as we tire of reminding ourselves that there are no cuts. Public expenditure is set to rise by nine percent over the next five years.

View full article here

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 Post subject: Re: Slime warning
PostPosted: Wed Oct 20, 2010 11:34 pm 
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Quote:
Public expenditure is set to rise by nine percent over the next five years.


Where can we view the accounts that show this?

Edit: Didn't take long to find.

Quote:
HM Treasury released today its three year spending review, available here.
The following table shows the forecast for total public sector spending in the UK from Table A.1 in the spending review
Year Spending
£ billion
2010-11 696.8
2011-12 701.8
2012-13 713.0
2013-14 724.2
2014-15 739.8

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 Post subject: Re: Slime warning
PostPosted: Thu Oct 21, 2010 12:03 am 

Joined: Thu Aug 07, 2008 4:47 pm
Posts: 489
Location: Lytham St Annes, Lancashire, England
' ... and the reason we should not rise up and slaughter them is ... '

Cos we're too fackin' bizzy wotchin' Corrie 'n' 'stenders.


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 Post subject: Re: Slime warning
PostPosted: Thu Oct 21, 2010 12:16 am 

Joined: Wed Jul 23, 2008 12:59 pm
Posts: 1862
It is common practice in the media to quantify 'stuff' in units we simple viewers, readers and listeners can appreciate - volumes as swimming pools, heights and lengths as London buses, weights in elephants. We need a new set of media chummy units that can get the message across.

My gut instinct says go for the heartstrings and measure money in numbers of nurses or how many winter fuel allowances it would be but what might get more traction is going for the greenstrings - how many wind turbines would £900 million get us? Our EU contribution is going to be north of £10 billion a year soon. That is less than half of what Chris Huhne (and Ed Miliband) wants to add to the annual cost of energy. If economic recovery is the prime motivation then don't put up energy prices, stop sending money abroad and cut taxes.

Stephanie Flanders on the telly at 2215 hrs said something along the lines of 'cutting spending threatens to take money out of people's pockets'. No dear. It threatens to leave it in the pockets of taxpayers!


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 Post subject: Re: Slime warning
PostPosted: Thu Oct 21, 2010 12:53 am 
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Quote:
Stephanie Flanders on the telly at 2215 hrs said something along the lines of 'cutting spending threatens to take money out of people's pockets'. No dear. It threatens to leave it in the pockets of taxpayers!

Do they pay her money for that?
We are used to men spouting that crap....but when these uppity wimmin get to do it, it's getting beyond a joke PDT_Armataz_01_33

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 Post subject: Re: Slime warning
PostPosted: Thu Oct 21, 2010 1:30 am 

Joined: Mon Aug 30, 2010 1:05 pm
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OK So call me Canadian but ... if expenditures are to rise, how are they cut? Or is the government going to take the inflation route?

This is classic statism. It is obvious, for the statist, that they can use all the money in circulation for their own purposes. Imagine that there appears to be, effectively, a capital investment strike in the US.


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 Post subject: Re: Slime warning
PostPosted: Thu Oct 21, 2010 1:46 am 

Joined: Thu Aug 07, 2008 4:47 pm
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Location: Lytham St Annes, Lancashire, England
Robert of Ottawa wrote:
OK So call me Canadian but ... if expenditures are to rise, how are they cut? ...


They're not cut. The figures are manipulated so that those who are paid to lie to us can do their job and sleep at night.


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 Post subject: Re: Slime warning
PostPosted: Thu Oct 21, 2010 3:32 am 
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Oops.

EU Opens Probe Into Italy Real Estate Tax Exemption

Cracking down on the those pesky provincial tax dodgers, imagine Italy having the temerity to write their own tax laws? Insufferable! Don't they know they are expected to collect more taxes from the commoners, not less?

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 Post subject: Re: Slime warning
PostPosted: Thu Oct 21, 2010 7:02 am 
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Robert of Ottawa wrote:
OK So call me Canadian but ... if expenditures are to rise, how are they cut? Or is the government going to take the inflation route?

This is classic statism. It is obvious, for the statist, that they can use all the money in circulation for their own purposes. Imagine that there appears to be, effectively, a capital investment strike in the US.


As I said, the language of public expenditure has been redefined - a reduction in the projected increase, is now defined as a cut. And it is a "cut" ... in the projected rate of increase in public expenditure. It is not a cut in actual expenditure. That continues to go up, but at a slower rate than had originally been projected.

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 Post subject: Re: For the avoidance of doubt / Slime warning
PostPosted: Thu Oct 21, 2010 8:13 am 

Joined: Sun Aug 29, 2010 8:50 pm
Posts: 200
This from John Redwood in August.
http://www.johnredwoodsdiary.com/2010/08/12/the-cuts/

Along with increases in taxation (VAT up 2.5% from January 2011) this is nothing more than Tory tax and spend.


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 Post subject: Re: For the avoidance of doubt / Slime warning
PostPosted: Thu Oct 21, 2010 8:30 am 

Joined: Sun Jul 03, 2005 11:11 am
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7% increase in the next 5 years?
I reckon real inflation is now ~10%. When govt. employees realize that inflation is heading for double figures the strikes will begin.

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 Post subject: Re: For the avoidance of doubt / Slime warning
PostPosted: Thu Oct 21, 2010 9:38 am 
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SandyRham wrote:
7% increase in the next 5 years?
I reckon real inflation is now ~10%. When govt. employees realize that inflation is heading for double figures the strikes will begin.


From what I can gather, the figures are in some way adjusted for inflation. Actual expenditure, in inflated money, will be higher ... the report does state that expenditure in real terms (i.e., after inflation) will be higher. Of course, the adminstration will lie about inflation levels, just as it lies about everything else.

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 Post subject: Re: For the avoidance of doubt / Slime warning
PostPosted: Thu Oct 21, 2010 9:40 am 

Joined: Tue Oct 14, 2008 11:52 am
Posts: 225
Does "total public spending (Total Managed Expenditure)" include interest on Gilts ?

Is it that increasing interest on Gilts will mean decreasing money spent on other things, even though the overall total is still rising ?


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 Post subject: Re: For the avoidance of doubt / Slime warning
PostPosted: Thu Oct 21, 2010 9:56 am 

Joined: Sun Aug 29, 2010 9:06 pm
Posts: 278
The reason we dont rise up and shoot them - no guns, no training, and the apathy of the masses. Still, I wonder what will happen when the army comes back from Afghanistan - oh, I suppose, as they keep doing, they will find somewhere else for a new war! PDT_Armataz_01_42


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 Post subject: Re: For the avoidance of doubt / Slime warning
PostPosted: Thu Oct 21, 2010 10:07 am 

Joined: Wed Sep 08, 2010 8:51 pm
Posts: 238
What is happening is that a group of innumerates thickos (political class - graduates in PPE) has got control of the nation's finances. The journalists who report the finances to the public are equally innumerate, as indeed is the public. The result is the impending, inevitable collapse of the nation's finances - and this is not necessarily a bad thing. Public sector squandering on wasteful expenditure will end, but it is the manner of its ending that should concern the innumerate community.
For those of us who can see what's coming - pay off debts, get some gold.


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