is our national deficit coming down?

Discussion in 'Off-Topic Discussion' started by HYDROGEN86, Jan 10, 2012.

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  1. HYDROGEN86

    HYDROGEN86 Head Gardener

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    The new labour guy was just saying that since the conservatives took over we are lending 150 billion more. Is that true? I thought all these cut backs had cut the deficit??
    Cheers folks :D
     
    HYDROGEN86, Jan 10, 2012
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  2. miraflores

    miraflores Total Gardener

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    UK national debt is coming down. At present it amounts roughly to
    a figure in excess of £966 billions (which increases to £2266+ billions if you include the financial sector intervention).

    So, not exactly debt free :heehee:but getting there...
     
    miraflores, Jan 10, 2012
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  3. miraflores

    miraflores Total Gardener

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    ...even the rating agencies are not to be trusted.
     
    miraflores, Jan 10, 2012
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  4. HYDROGEN86

    HYDROGEN86 Head Gardener

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    I think politicians lie sometimes so we vote for them!
     
    HYDROGEN86, Jan 10, 2012
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  5. organicgrowshop

    organicgrowshop Gardener

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    the powers that be only want debt to increase
     
    organicgrowshop, Jan 10, 2012
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  6. HYDROGEN86

    HYDROGEN86 Head Gardener

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    Why?
     
    HYDROGEN86, Jan 10, 2012
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  7. organicgrowshop

    organicgrowshop Gardener

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    plentiful = freedom
    debt = slavery
     
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      organicgrowshop, Jan 10, 2012
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    • clueless1

      clueless1 member... yep, that's what I am:)

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      I don't know who's right, but I would never believe a single word to come out of a Labour minister's mouth.

      Money isn't real anyway so it doesn't really matter. Its all imaginary. Otherwise, where is it? Nearly every country in the world has lost all its money. As far as I'm aware we haven't started trading with extra-terrestrials yet so the money must be in the world somewhere, if its real.

      I suppose it could have fell into the sea, or someone might have accidentally misplaced it I suppose, or it could be that its just 1's and 0's, or more accurately, small electrical impulses inside some software that doesn't work, but is so ingrained in the financial sectors of the world that nobody dare try to fix it.
       
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        clueless1, Jan 10, 2012
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      • JWK

        JWK Gardener Staff Member

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        All the money is in China and the oil producing nations that's why they are coming over here and buying up everything for a pittance.
         
        JWK, Jan 10, 2012
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      • daitheplant

        daitheplant Total Gardener

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        Who are we lending it to H?:scratch:
         
        daitheplant, Jan 10, 2012
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      • HYDROGEN86

        HYDROGEN86 Head Gardener

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        Borrowing. Sorry English is not my greatest of subjects :o
         
        HYDROGEN86, Jan 10, 2012
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      • daitheplant

        daitheplant Total Gardener

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        The Chinese are building quite a sizable holiday complex in West Wales. Primarily for Chinese money people.:love30::cool:
         
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          daitheplant, Jan 10, 2012
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        • JWK

          JWK Gardener Staff Member

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          There is a big irony here, it was mostly Chinese tourists who were buying all the expensive designer stuff in the Oxford St, Boxing/New Years Day sales. They make all that rubbish in China, add a fancy designer label, then ship it over here, then they have to fly half way round the world so they can buy it back :scratch:
           
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            JWK, Jan 10, 2012
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          • pete

            pete Growing a bit of this and a bit of that....

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            Yep, we give them the money and they buy us up.

            The West should have put the brakes on the far east years ago, too late now, we all want everything too cheap.

            A little protectionism against unfair competition, (child labour, sweat shops etc.) could have put us on a fair footing manufacturing wise, but we fell into their trap.
             
            pete, Jan 10, 2012
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          • daitheplant

            daitheplant Total Gardener

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            Pete, over the past few years we have sold our industries to the Americans, French, Spanish, Germans and Indians so why not the Chinese?
             
            daitheplant, Jan 10, 2012
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