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Cable calls for "greatly expanded" spending funded through borrowing, not cuts
Vince Cable calls on Osborne to change direction
Cable calls for "greatly expanded" capital spending and suggests that any increase should be funded through borrowing, not greater cuts elsewhere.
Cable takes a significant step towards Labour's position by implying that the government should now borrow to invest".
http://www.newstatesman.com/politics/2013/03/exclusive-vince-cable-calls-osborne-change-direction
I think this government previously comparing the UK economy to having debt on a credit card as beyond simplistic. It is only through growth will be be able to start to clear our debts and removing investment clearly isn't going to bring that growth.
Cable calls for "greatly expanded" capital spending and suggests that any increase should be funded through borrowing, not greater cuts elsewhere.
Cable takes a significant step towards Labour's position by implying that the government should now borrow to invest".
http://www.newstatesman.com/politics/2013/03/exclusive-vince-cable-calls-osborne-change-direction
I think this government previously comparing the UK economy to having debt on a credit card as beyond simplistic. It is only through growth will be be able to start to clear our debts and removing investment clearly isn't going to bring that growth.
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The govt can't reinvent the private sector, be held responsible for business models fit for an episode of Antiques Roadshow or create a market that isn't there.
It would be nice if they could because if they could - logic dictates they'd have already done it. Here's hoping that if they do consider a spending spree they do it with monies budgetted elsewhere (such as Trident and foreign aid) rather than going "all in" on the credit card so to speak.
No, this is just a scam to keep the welfare ponzi running. But Cable should have heard the sound of silence, that's the sound of the music stopping.
You create it out of thin air. Banks do it by the bucket load everyday. The fed is doing it every day this month bar one, the 8th i think it is.
Shorting The Market On These March Days Will Be Hazardous To Your Health
http://www.zerohedge.com/news/2013-03-04/shorting-market-these-march-days-will-be-hazardous-your-health
So the People's Republic of China is your idea of utopia. Interesting.
Insanity is doing the same thing over and over again expecting different results.
Quite, we were 'borrowing to invest' in the years leading up to the crisis - worked well didn't it?
no it didn't work well because money was spent on the wrong things. hopefully this or the next government can make some wise investments like building more homes which can help to reduce the huge housing benefit bill.
This. A thousand times this. Unfortunately our industrial sector was largely decimated by Margaret Thatcher and our economy has been propped up by the service industries ever since. However borrowing to invest might take a while to catch on with the British public. Most of them are still convinced that you can't borrow your way out of a recession (you can, this being one of the basic rules of Keynesian economics)
Because most politicians prefer to follow the party line rather than their conscience. I miss Robin Cook
Discussing which Labour safe seat he'll get come the next election. When will people realise this guy is a duplicitous ship jumper?
He has a 20% majority in his own constituency and has been MP there since 1997, so there is little chance of losing his seat. But of course it is fun to speculate with no factual basis!
How people can vote for labour again is beyond me. I'm still furious for doing so
great idea!
Joining Labour wouldn't be a sea change for him and would provide him with a much better chance of minister position; he's changed party before and he'd probably do it again. Looking at the chances of the LibDems come 2015, they certainly won't be in government either as a party or in coalition with Labour.
Trouble isn't that politicians from across the spectrum have an incredibly bad record for investment, whatever it was in. I am not convinced that mass council house building is going to be a massive growth stimulus. The idea suffers from the same issues as private house building, ie the regulations restricting it. If you are proposing scrapping those restrictions then why not simply allow private house building and therefore no need for extra borrowing.
Not necessarily - see my third point
Complete speculation
Well they obviously won't win a majority, so I'm not sure why you mentioned that. And it is perfectly believable, perhaps even probable, that the Lib Dems could end up in coalition with Labour if there is a hung parliament
I absolutely think we need to build more houses and that housing costs need to come down. but it doesn't really help with economic growth...
...and that has to be a priority at the moment. if you're going to borrow for capex you need to do it in a way that will generate or facilitate the generation of income. transport infrastructure is a great example of this. but there are more modern examples around IT. building schools. stuff that will pay you back.
as for the specific allocation of one source of revenue to one source of expenditure, it's economic nonsense. it's a thing that only exists in the minds of politicians. it's not real.
And therein lies the problem with this country, people like you with entrenched dogmatic views and simplistic notions. And they are running the country!!!!!!!!!
Public housing does pay you back. It reduces housing costs, puts more money into the economy ( by creating jobs and allowing the recipients of public housing having more disposable income). It stabilises family life, makes people feel more secure, etc. It is a GOOD thing
He certainly is and he is also an accomplished self-publicist.