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Do we really care about Brexit

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baldy:

--- Quote from: Michael on May 24, 2017, 18:37:31 pm ---John McDonnell made the perfectly valid point that successive governments issued bonds to achieve the money to invest in projects, this is not debt this is investment in the countries infrastructure.

--- End quote ---

So you too are economically illiterate.

Issuing bonds (ie. Gilts) is a way to borrow money at a stated rate of interest. It is debt. The money has to be paid back.

I accept that the money is to be used to invest in worthwhile industries though whether it is a good way to invest for the government is very debatable, but if you support a Marxist agenda then it is a normal use of debt.

It is simply ridiculous and delusional to deny that borrowing money (whether by issuing bonds / gilts or otherwise) is creating debt because issuing gilts is the main definition of government debt.

Bob DeBilda:
The Labour party membership swelled amazingly when Corbyn was running for leadership. It swelled because all members have a vote and it swelled with £5 conservatives 'joining' in and being able to vote and vote for Corbyn because they saw him as the man to take the Labour party back to a place where they were never likely to win an election for the forseeable future.

The only problem now is that because May is turning around faster than a ballerina on speed and coming up with vote losing policies, it might all backfire.

Means testing pensioners for their winter heating allowance is common sense. But it wont be popular even amongst well off Tory pensioners.

Again, well off Tory's will like the scrapping of tuition fees like you say and that will lose votes. The poorer ones will always have a £50,000 + dept hanging over them if fees aren't scrapped. No incentive to get a higher paid job there? Also no chance of being able to buy a house no matter how many are built!

Bob DeBilda:

--- Quote from: baldy on May 24, 2017, 21:47:31 pm ---

So you too are economically illiterate.



--- End quote ---

I suspect 90% plus of the population are. So what..

John GL:

--- Quote from: Bob DeBilda on May 24, 2017, 21:56:51 pm ---The Labour party membership swelled amazingly when Corbyn was running for leadership. It swelled because all members have a vote and it swelled with £5 conservatives 'joining' in and being able to vote and vote for Corbyn because they saw him as the man to take the Labour party back to a place where they were never likely to win an election for the forseeable future.

The only problem now is that because May is turning around faster than a ballerina on speed and coming up with vote losing policies, it might all backfire.
--- End quote ---
Looks like a fanciful conspiracy theory!


--- Quote from: Bob DeBilda on May 24, 2017, 21:56:51 pm ---Means testing pensioners for their winter heating allowance is common sense. But it wont be popular even amongst well off Tory pensioners.
--- End quote ---
Such as me, you mean?  I think it's an excellent idea.  Many of these "well off Tory pensioners" donate these payments to charity.


--- Quote from: Bob DeBilda on May 24, 2017, 21:56:51 pm ---Again, well off Tory's will like the scrapping of tuition fees like you say and that will lose votes. The poorer ones will always have a £50,000 + dept hanging over them if fees aren't scrapped. No incentive to get a higher paid job there? Also no chance of being able to buy a house no matter how many are built!

--- End quote ---
I think you judge people too harshly.  Not everyone is narrowly selfish - many act pro bono publico. 

Michael:

--- Quote from: baldy on May 24, 2017, 21:47:31 pm ---Issuing bonds (ie. Gilts) is a way to borrow money at a stated rate of interest. It is debt. The money has to be paid back.

--- End quote ---
On that basis all investment is debt, companies issue shares, governments issue bonds, a perfectly reasonable way of achieving capital to invest.
For a government to invest in infrastructure there are many benefits, not least the ability to control the use of surplus to re-invest in a publicly owned company.
The current problem exists because, particularly in the service industries, profit comes before service and shareholders reap the benefit of an inadequate service.

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