Keynes' argument was that you (attempt to) run budget surpluses in the good times in order to finance deficits in the bad times.
This is key for me and it is sound advice for everybody not just governments.
My other half thinks i'm mad for keeping a decent savings account, it infuriates her that i drive around in a crappy car and wont spend the money on getting a better one...i explain that the account is our buffer against the realities of everyday life, when a stonking great bill comes through or when i had the bathroom done a few years ago i was able to pay for it from the savings without any interruption to our day to day lives.
When i have money left over i top the account up again.
Governments seem to want to spend every penny they have and even when Blair/Brown were enjoying record tax recipts they didnt put anything away for a rainy day.
This is basic stuff, live within your means.
There's the other leg gone! Appropriate era of football given the thread topic, I suppose.
And the answer.....?
(JY, I was actually embarrassed at the length. But I was bored with geography revision supervision and was playing on an iPad and got carried away - even more than normal 😉 )
Junkyard - Member
PS all right wing folk want a smaller state and more self reliant folk
What about slightly left-wing libertarians?!? 😉
This is key for me and it is sound advice for everybody not just governments.
It's a bit different for governments though.
As Margaret Thatcher sum up herself nicely in one word - [b]Undefeated![/b]
RIP Great Leader.
[url= http://www.vanityfair.com/politics/features/2011/12/margaret-thatcher-201112 ]Th Invincible Mrs Thatcher[/url]
For those that are celebrating her passing well put it this way even enemy respects each other in death.
What about slightly left-wing libertarians?!?
**** em 😉
I think it all depends some folk just need the state to provide roads and police. some need it to provide health care as they were born with an illness and some need it to act as their parent and help them cope with life
TBH i find it an idealistic view that just wont work for all people. some wil lthrive and some will watse away at the margins as they need help
Take IDS and giving folk their own rent and monthly payments, I can see why he wants to empower them but the results wont be good as some folk will waste it and end up homeless
I would say, given how many thatcher put on the dole and what she had to do to fund this means she failed on both counts tbh - spendiig and dependency both increased
infestation - Member
have you swallowed a dictionary teamhurtmore that's really boring.
I found it quite interesting, and why is having a large vocabulary a bad thing?
Take IDS and giving folk their own rent and monthly payments, I can see why he wants to empower them but the results wont be good as some folk will waste it and end up homeless
I think you raise a good point here, as in many ways its reflective upon one of the central tenets of the Thatcherite movement - that ultimately, wherever possible, people need to take some level of responsibility for themselves.
I'm sorry its a daily mail link, but I think its a fair one:
some folk will waste it and end up homeless
Well, obviously because the benefits culture has created a bunch of ****less losers hasn't it? 😉
ultimately, wherever possible, people need to take some level of responsibility for themselves.
And that the rich would be generous with their money. Which they weren't. And aren't. And never will be.
So...let's chalk that down as another failure.
I found it quite interesting, and why is having a large vocabulary a bad thing?
+1
And that the rich would be generous with their money. Which they weren't. And aren't. And never will be.
Well, you're better off than him, maybe you could send him some of your own money to help him pay his vodaphone bill?
Well, you're better off than him
Bit presumptious...
Whether they are generous or not, doesn't matter since (some 😉 )of their earnings and wealth is taxed to fund government spending. Where would we be without tax revenues? It's the same with profits, which seems to be a dirty word for some. Where does tax revenue come from, what funds corporate investment, what are the rewards for the risk taken by the providers of capital. As a government, we will now be looking for RBS and Lloyds to be profitable in the future!
some
More like a small fraction.
wherever possible, people need to take some level of responsibility for themselves.
Yes but to think they can all take the same level of responsibility is to put ideology before reality as your link shows.
Did they really think someone wanted a 91 k phone bill or could afford to pay it - perhaps they should also take on board some corporate responsibility rather than blame customers
Where does tax revenue come from
Little people apparently
No presumption about it Darcy
Poor lads an unemployed security guard with no girlfriend and a 91k phone bill - surely this is the epitome of someone who needs help in modern Tory Britain.
deadlydarcy - Member
some
More like a small fraction.
Junkyard - Member
Where does tax revenue come from
Little people apparently
Not even one 😉 ?
😉
Sorry ratty I thought you were trying to argue about how folk could be self reliant/responsible - is that really your best example of how people always act appropriately and wisely
Have you ever shot yourself with your gun ? that proves my point and now we have to face your hilarious attempts at humour now
Lost me there THM-what is your point?
I think you raise a good point here, as in many ways its reflective upon one of the central tenets of the Thatcherite movement - that ultimately, wherever possible, people need to take some level of responsibility for themselves.
so people have to exercise responsibility but big business doesn't ?
you're right, that sounds like one of the very cornerstones of thatcherism.
trailmonkey - Memberso people have to exercise responsibility but big business doesn't ?
What big business are you referring to?
Aren't they all managed by people?
JY, I was assuming that there was at least a "touch" of humour in your quote about little people! maybe not?
No presumption about it Darcy
Plenty ratty. You have no idea of my circumstances. Anyway, an unnecessary diversion.
Yes it was humour.
Some truth in it though I guess as well
Mark my words Darcy - its an inability to arses like him and make them take responsibility for themselves that runs the biggest risk of losing the Labour party the next election!
Mark my words Darcy
😆
I think we both know that's never likely to happen.
Now you're onto Labour and the next election? Can't you stick to the point?
I would have thought this thread would have been a taggers delight.
'Everyone argues'
Not been much actual arguing - amazed it's got to 26 pages without too much nastiness. 🙂
I hated her! She was a lucky politician. She was fortunate to get the leadership of the tories. She was lucky to take on Labour when she did. She was lucky that the SDP split the labour vote and ensured the tories would be in power for at least a decade. She used the Falklands War to her own ends which ensured her continuation in power. To the people who keep saying she was great because she won 3 elections - so did Berlusconi! I see her and her cronies policies as responsible for many of the ills in our country today. She can not be considered great by any measure.
I don't wish her dead as a old dear with dementia now but at the time in her prime I would have been close to pulling the trigger.
- amazed it's got to 26 pages without too much nastiness.
You missed tazzy popping in for a few posts? Nobody bit though. 🙂
they wanted to deal with only one union but they did not want a closed shop - how exactly does that work then?
There is one recognized union, the workers don't have to join it.
Basically, poorer people will spend - the rich tend to hoard.
So what you're telling us here is that the economic crisis was actually caused by the poor? Well that's certainly a revelation.
Thatcher's diet according to BBC
Damn.. I misread the thread title
I was hoping for some tips on recipes for cooking the children of the working classes
So what you're telling us here is that the economic crisis was actually caused by the poor? Well that's certainly a revelation.
Only half of it was caused by the poor, the other half of the problems where caused by the rich.
aracer - Member
So what you're telling us here is that the economic crisis was actually caused by the poor? Well that's certainly a revelation.
No, I'm not.
But you knew that, so your post was a bit pointless really, wasn't it?
There is one recognized union, the workers don't have to join it.
Its not really any better is it or fairer. You can join any union you like but we only recognise and talk to this one.
An sort of employers closed shop rather than a union closed shop but with no forcing but no point joining any other as they are not recognised
😀 funniest thing I've heard from Frankie Boyle for years... With a grain of truth too
funniest thing I've heard from Frankie Boyle for years
You're not setting a very high bar there.
I know it's Russell Brand but he shares some wise words re the woman here:
http://m.guardian.co.uk/politics/2013/apr/09/russell-brand-margaret-thatcher
Make of it what you will.
that is a truthful piece of writing-- good on him..
cracking article from brand.
That is a very good article.
funniest thing I've heard from Frankie Boyle for years... With a grain of truth too
He tweeted yesterday something like "Thatcher got more women into politics the way Myra Hindley got more women into hillwalking"
Harsh, but a good point.
Strangely he doesn't seem to mention the famous quotes "also to look after our neighbour" and "help by our own efforts those who are unfortunate". It's almost as if he doesn't know the context for the quote he does use.
An excellent, intelligent and thoughtful piece by RB.
Have I grown to like him, or has he grown up?
(Insert usual quote).
aracer - MemberStrangely he doesn't seem to mention the famous quotes "also to look after our neighbour" and "help by our own efforts those who are unfortunate". It's almost as if he doesn't know the context for the quote he does use.
Well, those quotes aren't famous, are they?
Because it was obvious by her policies and actions that she didn't believe a word of them.
Russell Brand might be a div, but he does have a fine brain on him and occasionally he uses it.
aracer - MemberStrangely he doesn't seem to mention the famous quotes "also to look after our neighbour" and "help by our own efforts those who are unfortunate". It's almost as if he doesn't know the context for the quote he does use.
Or, perhaps because they were so dishonest.


