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'Wings Over TalkHearts' Politics Thread
Started by Sterling Archer




31387 posts in this topic
Mr A
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10-18-2017, 10:26 AM -
(10-18-2017, 10:21 AM)Coppercrutch Wrote: Overseas like many of this country's assets already have ? 

That's one rather large accounting error.

Wiggo

I thought it was the overseas assets that have gone missing. Monty Umm
Bill Cosby
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10-18-2017, 10:39 AM -
How misleading is that headline? 

As I understand it, the assets aren't missing but are owned by foreign investment into the UK compared to assets owned by British citizens and companies abroad. We have been running a deficit in this manner for years.

Value of nvestment into the UK - Value of UK investment abroad = the figure quoted.
This post was last modified: 10-18-2017, 10:44 AM by Bill Cosby.
Hung S.J.
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10-18-2017, 10:40 AM -
The majority of the article is hidden behind a pay wall for me - can you expand on that Bill?
Bill Cosby
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10-18-2017, 10:42 AM -
(10-18-2017, 10:40 AM)Gregory Wrote: The majority of the article is hidden behind a pay wall for me - can you expand on that Bill?

It's behind a paywall for me too, however I've updated the above post as per my understanding.
Coppercrutch
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10-18-2017, 10:54 AM -
(10-18-2017, 10:26 AM)TheMaganator4.0 Wrote: I thought it was the overseas assets that have gone missing.  Monty Umm

From the above seems they aren't actually missing just overseas.
Patrick Bateman
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10-19-2017, 10:28 PM -
The Tories' economic policies are sound.

[Image: DMiKXx6XUAAGY0G.jpg:large]

Piggy
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10-19-2017, 10:29 PM -
The best way out of debt is more debt tbf
PHOODLE-OUt
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10-19-2017, 10:48 PM -
What's 2 trillion between friends ?
Bill Cosby
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10-19-2017, 10:48 PM -
I'm not sure the Tories can be solely blamed for the  national debt. I think it's far more systematic than the fault of one political party.

Certainly you can lay accusations at the route they have chosen in order to lower the deficit and perhaps take aim at austerity rather than investment, however investment would have of course seen increased debt.

You can see a similar graph on full fact for the debt under New Labour. 


https://fullfact.org/economy/labour-and-...onal-debt/
This post was last modified: 10-19-2017, 10:52 PM by Bill Cosby.
Hung S.J.
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10-19-2017, 10:50 PM -
This country is pretty fucked eh? Like, ignoring partisanship aside, we're long term fucked.
Walter Sobchak
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10-19-2017, 10:51 PM -
I see the express and mail are starting the ground work for the public accepting a no deal Brexit.
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10-19-2017, 10:51 PM -
(10-19-2017, 10:50 PM)Gregory Wrote: This country is pretty fucked eh? Like,  ignoring partisanship aside, we're long term fucked.

We should probably start being nice to Branson, for when he inevitably buys us once we go in to admin.
Fire Doinks
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10-19-2017, 10:53 PM -
(10-19-2017, 10:50 PM)Gregory Wrote: This country is pretty fucked eh? Like,  ignoring partisanship aside, we're long term fucked.

Yep, Marsellus Wallace in a pawn shop basement fucked.
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10-19-2017, 10:54 PM -
(10-19-2017, 10:53 PM)Fire Mixtape Wrote: Yep, Marsellus Wallace in a pawn shop basement fucked.

Merkel is Zed
Bill Cosby
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10-19-2017, 10:55 PM -
(10-19-2017, 10:50 PM)Gregory Wrote: This country is pretty fucked eh? Like,  ignoring partisanship aside, we're long term fucked.

It's a similar picture the world over. Someone needs to hit the reset switch. I'm all for wealth, enterprise and entrepreneurship but not at the cost of child poverty etc etc etc in 2017.
Fire Doinks
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10-19-2017, 10:57 PM -
Varoufakis on This Week just now.
Papin
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10-19-2017, 10:57 PM -
(10-19-2017, 10:51 PM)Walter Roadshaq Wrote: I see the express and mail are starting the ground work for the public accepting a no deal Brexit.

Won’t have much work to do going by the crowd on Question Time in some tragic English town.
Hung S.J.
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10-19-2017, 10:58 PM -
(10-19-2017, 10:55 PM)Bill Cosby Wrote: It's a similar picture the world over. Someone needs to hit the reset switch. I'm all for wealth, enterprise and entrepreneurship but not at the cost of child poverty etc etc etc in 2017.

Why would China and that want to hit the reset switch. Just because we're the losers of capitalism now doesn't mean we can throw the toys out the pram and demand the globe to reset itself.

China, Russia, India, even parts of africa are doing better than ever before.

Were fucked Jezza we created this economic system and now getting shagged by it.
This post was last modified: 10-19-2017, 10:59 PM by Hung S.J..
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10-19-2017, 10:58 PM -
(10-19-2017, 10:57 PM)Fire Mixtape Wrote: Varoufakis on This Week just now.

One of Vlad's January signings?
Mr A
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10-19-2017, 11:01 PM -
(10-19-2017, 10:48 PM)Bill Cosby Wrote: I'm not sure the Tories can be solely blamed for the  national debt. I think it's far more systematic than the fault of one political party.

Certainly you can lay accusations at the route they have chosen in order to lower the deficit and perhaps take aim at austerity rather than investment, however investment would have of course seen increased debt.

You can see a similar graph on full fact for the debt under New Labour. 


https://fullfact.org/economy/labour-and-...onal-debt/
Yes it's a peculiar line of attack from lefties who are in favour of borrowing to stimulate the economy.

Is the deficit not a better benchmark of how the economy is doing? May be better than Bateman's shitey wee not adjusted for inflation graph anyway.



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