Trying to make it add up

09 June 2011 by fans64

I have read several local blogs and even seen what on the face of it seems to be a perfectly reasonable explanation of how it could work by one of the main protagonists on here but,I just cannot see how continued spending would see us out of this current mess.During a period of economic growth and apparent prosperity the government went on the sort of spending spree that would make a wag in a shoe shop blush and could still not balance the books, government borrowing constantly broke records and scaled new heights,leaving us in a complete financial mess,then the big bank crash happened and were were well and truly in the red by the kind of sums that numb the brain.Some local bloggers are still advocating continued spending,surely this will only see us get worse and worse ,if we couldn't sustain that level of spending with record government tax receipts and economic boom,how can we possibly hope to claw back any the massive debt we are burdened with?

Paying interest on debt is not good governance by any standards when that cash could be better used by our public services.

Let's hope after all the hardship, labor don't return with such reckless ideas again,they will win another election,the medicine we have to swallow is ensuring that.Let's hope they have learned from this.

< Next Article

Comments

[-]Comments hidden, click to expand. (1|0) By Martin Copson 11 months ago (1|0)Rated: Poor

fans,

I am no apologist for the last government but you have to recognise that bailing out the banks did make a massive contribution to the deficit, it is not exclusively an issue of a decade of excessive spending.

Secondly I agree to some extent that we have reached a situation where the capitalist system of production can no longer deliver the reforms people have come to expect and deliver year on year growth and big profits.

This gives us options, we can be pragmatic and accept that the working class will have to worker harder and longer for an ever declining standard of living in the 'national interest' as you suggest. Alternatively we can fight to build an argument for an alternative based on the needs of people and the environment rather than on corporate profits and churning out ever more crap that people neither need nor really want. The productive forces as they are have the potential to create a world without hunger or poverty, to give people meaningful work and sufficient time to devote to furthering the scientific, artistic and may other potentials of humanity, but this can never be the case as long as the profit motive is the driving economic force.

That's just what I think, come and hear different ideas and join the debate: Alternatives to the Cuts - Public Meeting, Friday 24th June, Central Community Centre, Lindum St

Reply Report

If you would like to leave a comment about this article, Login or sign up now

Please Note

Views expressed on this site are those of individual posters, who by making these posts indemnify Visit Scunthorpe and its operators of any legal responsibility or obligation.
Please respect the privacy of others, if someone gives you infomation that you use in your post, please don't identify them.

Complete site map of Visit Scunthorpe.Com

Add an Article

Site map

Mission Statement

Visit Scunthorpe is North Lincolnshire's only truly independent, non commercial, community news web site.

Established in January 2010 we have lots of members with a wide range of views who all contribute independently with articles of their own.

You won't find dozens of adverts covering our site, or some poor attempt to promote local business services under the guise of offering a community service.

Here on VisitScunthorpe we are interested in just one thing, building an online community which is representative of the people of Scunthorpe, North Lincolnshire and the surrounding area.

Paul. Founder Visit Scunthorpe.

How it Works

If you would like to have the ability to add articles and comments to Visit Scunthorpe then all you need to do is sign up with a valid email address for an account. This is free, your email address is confidential and we don't send out spam emails.

Once you've completed the sign up then you are free to post and comment on well... pretty much anything, we just have some basic civilised rules to prevent people from inciting violence, hatred or making individual attacks.

If you have a web site or directory which covers either independent news and blogging, or is related to North Lincolnshire or Scunthorpe then get in touch to set up a reciprocal link.

Trying to make it add up

Comments

Please Note

Mission Statement

How it Works

You need to be logged in to do that!

Report Comment