Brits Cut 490,000 Government Jobs

  1. You have chosen to ignore posts from schadenfreude99. Show schadenfreude99's posts

    Brits Cut 490,000 Government Jobs


    I guess its time to pay up for years of overspending.  

    How many US Government jobs could be cut if the Brits can afford to do without 500k ?
    ------

    UK slashes 490,000 jobs amid deep budget cuts


    London, England (CNN) -- The British government announced deep budget cuts Wednesday, as it tries to fight what its finance minister called "the largest structural budget deficit in Europe."

    The changes will include "ruthless privatization" and will leave "no stone unturned in our search for waste," Chancellor George Osborne told lawmakers in the House of Commons.

    The government will slash 490,000 jobs from the public payroll over four years, he said.

    http://www.cnn.com/2010/WORLD/europe/10/20/uk.budget.cuts/index.html?hpt=Sbin

     

     






     
  2. You have chosen to ignore posts from macnh1. Show macnh1's posts

    Re: Brits Cut 490,000 Government Jobs

    Cuba did the same thing but Cuba put incentives in place to grow private business.....funny how everybody get's it except for the liberals.

     
  3. You have chosen to ignore posts from DirtyWaterLover. Show DirtyWaterLover's posts

    Re: Brits Cut 490,000 Government Jobs

    Why don't we give the experiment in Britain a little time before we start calling it a wise move?

    It certainly makes sense to contract the government when the economy is faultering.  It's always worked in the past.

    The riots in Britian will make the riots in France look like a tea party.


    Anybody care to offer an explanation as to what they hope to accomplish by making the drastic cuts and how the cuts will help accomplish their aim?  I personally think it a very misguided policy.  It's one thing to do if interest rates are up, but they aren't up.


    This will cause the economy in England to sink. 


    Oh, I almost forgot - I suppose the Brits will be pulling out of Afghanistan soon. 

     
  4. You have chosen to ignore posts from schadenfreude99. Show schadenfreude99's posts

    Re: Brits Cut 490,000 Government Jobs

    From what i've read, the cuts hit everywhere except healthcare.  Their military is probably the hardest hit and expect to discharge over 100k soldiers, cancelling plane and aircraft carrier orders, and yes, pulling out of wars.

    Over 100 quasi government agencies will be shut down.

    VAT rising to 20% and other tax hikes are included too.
     
  5. You have chosen to ignore posts from StalkingButler. Show StalkingButler's posts

    Re: Brits Cut 490,000 Government Jobs

    [QUOTE]Anybody care to offer an explanation as to what they hope to accomplish by making the drastic cuts and how the cuts will help accomplish their aim? [/QUOTE]

    Perhaps they're looking to emulate the success of Germany's economy.


    [QUOTE]Why don't we give the experiment in Britain a little time before we start calling it a wise move?[/QUOTE]

    Yes, let's watch this carefully. It will provide for a perfect contrast between the current Keynsian economics of the U.S. vs. a more free-market approach.


     
  6. You have chosen to ignore posts from DirtyWaterLover. Show DirtyWaterLover's posts

    Re: Brits Cut 490,000 Government Jobs

    In Response to Re: Brits Cut 490,000 Government Jobs:
    [QUOTE]Perhaps they're looking to emulate the success of Germany's economy. Yes, let's watch this carefully. It will provide for a perfect contrast between the current Keynsian economics of the U.S. vs. a more free-market approach.
    Posted by StalkingButler[/QUOTE]

    I thought Germany passed a stimulous plan in January 2009 to combat the recession.  I guess it's possible that doing the opposite of what Germany did will lead to the same results.

     
  7. You have chosen to ignore posts from Mattyhorn. Show Mattyhorn's posts

    Re: Brits Cut 490,000 Government Jobs

    Without question, their cuts in defense will surely impede the ability of future republican adminstrations (aided and abetted by toadying legislators) to wage unnecessary, expensive wars or other ill-conceived "nation-building" exercises overseas.
     
  8. You have chosen to ignore posts from DirtyWaterLover. Show DirtyWaterLover's posts

    Re: Brits Cut 490,000 Government Jobs

    In Response to Re: Brits Cut 490,000 Government Jobs:
    [QUOTE]Perhaps they're looking to emulate the success of Germany's economy. Yes, let's watch this carefully. It will provide for a perfect contrast between the current Keynsian economics of the U.S. vs. a more free-market approach.
    Posted by StalkingButler[/QUOTE]

    I can't believe the debate between Keynesian Vs Free Market is still taking place.  The economic ideas on the right have regressed.  Not too long ago, it was the monetarists vs the keynesians.  Now, it's gone back further.

    There is one little, teeny, tiny thing that prevents "free markets" from existing.  They are called Monopolies.  Monopolies are real.  A "free market" will not result in an efficient allocation of goods and resources when Monopolies are present. 

    The great Republican President Reagan was a HUGE keynesian.  He used fiscal policy to stimulate the economy like no one since FDR.

    How about a few examples of the a government austerity plan that led to a growing economy?
     
  9. You have chosen to ignore posts from StalkingButler. Show StalkingButler's posts

    Re: Brits Cut 490,000 Government Jobs

    In Response to Re: Brits Cut 490,000 Government Jobs:
    [QUOTE]In Response to Re: Brits Cut 490,000 Government Jobs : I thought Germany passed a stimulous plan in January 2009 to combat the recession.  I guess it's possible that doing the opposite of what Germany did will lead to the same results.
    Posted by DirtyWaterLover[/QUOTE]

    They did originally then changed their minds...

    The German Miracle: Another Look

    Germany has cut government spending and its economy is growing smartly. It's not the first time that market-friendly policies have led the nation out of crisis.



    Apparently it's working out quite well.
     
  10. You have chosen to ignore posts from DirtyWaterLover. Show DirtyWaterLover's posts

    Re: Brits Cut 490,000 Government Jobs

    In Response to Re: Brits Cut 490,000 Government Jobs:
    [QUOTE]In Response to Re: Brits Cut 490,000 Government Jobs : They did originally then changed their minds... The German Miracle: Another Look Germany has cut government spending and its economy is growing smartly. It's not the first time that market-friendly policies have led the nation out of crisis. Apparently it's working out quite well.
    Posted by StalkingButler[/QUOTE]

    You seem to think that deficit spending is not market friendly.  I don't understand that.  Could you explain?
     
  11. You have chosen to ignore posts from WashingtonReport. Show WashingtonReport's posts

    Re: Brits Cut 490,000 Government Jobs

    Most of Europe has discovered those craddle-to-grave benefits are unsustainable.  They are all cutting back.  Even Castro has announced they'll be firing 500,000 also.

    Leftist policies never work in the long run.

    Anyone see the French all aflutter over being told they have to work to the ripe old age of 62?

    Those country's are all cutting back, while the Democrats here in the US are increasing the deficit spending.

     
  12. You have chosen to ignore posts from DirtyWaterLover. Show DirtyWaterLover's posts

    Re: Brits Cut 490,000 Government Jobs

    In Response to Re: Brits Cut 490,000 Government Jobs:
    [QUOTE]In Response to Re: Brits Cut 490,000 Government Jobs : They did originally then changed their minds... The German Miracle: Another Look Germany has cut government spending and its economy is growing smartly. It's not the first time that market-friendly policies have led the nation out of crisis. Apparently it's working out quite well.
    Posted by StalkingButler[/QUOTE]

    Germany's economy is very export oriented.  It's recovery has been powered by increased exports.  Because it's economy is so reliant on exports, it's less reliant on domestic consumption.  Domestion consumption includes Goverment spending.

    The US economy has a huge trade imbalance, which has grown during the recession.  This suggests that increases in domestic consumption is being spend on imports.  We could achieve more growth in the US economy without a deficit if we were able to increase our exports or keep consumption the same and reduce imports.

    In other words, there are 3 ways to grow the economy - A) The people can consume more domestically produced goods, B) We can increase our exports, and/or C) the Government can buy more goods.

    Germany (as is China) is growing through B.

    The US isn't doing A or B.  That leaves C.


    If we want the US to stop doing C, then we have to figure out a way to do A or B. 


    It's interesting that the 2 biggest exporters in the world China and Germany are growing.  I wonder if they've benefitted from our record deficits.

    Everybody acts like each country is an island onto itself.  But all economies are linked together - what China does impacts us, what we do impacts Germany, etc.

     
  13. You have chosen to ignore posts from StalkingButler. Show StalkingButler's posts

    Re: Brits Cut 490,000 Government Jobs

    In Response to Re: Brits Cut 490,000 Government Jobs:
    [QUOTE]There is one little, teeny, tiny thing that prevents "free markets" from existing.  They are called Monopolies.  Monopolies are real.  A "free market" will not result in an efficient allocation of goods and resources when Monopolies are present. 
    Posted by DirtyWaterLover[/QUOTE]

    You can have mostly free markets along with common sense laws that prevent monopolies. Mostly free markets in a mixed economy will lower the barriers for entrepreneurs to enter markets which, as a result, provides for more and better competition. This is why the large corporations are generally for higher regulation, they can afford it and it keeps out the riff-raff.



     
  14. You have chosen to ignore posts from DirtyWaterLover. Show DirtyWaterLover's posts

    Re: Brits Cut 490,000 Government Jobs

    In Response to Re: Brits Cut 490,000 Government Jobs:
    [QUOTE]In Response to Re: Brits Cut 490,000 Government Jobs : You can have mostly free markets along with common sense laws that prevent monopolies. Mostly free markets in a mixed economy will lower the barriers for entrepreneurs to enter markets which, as a result, provides for more and better competition. This is why the large corporations are generally for higher regulation, they can afford it and it keeps out the riff-raff.
    Posted by StalkingButler[/QUOTE]

    Large corps are for more regulation you say?  That must be why the US Chamber of Commerce is running ads against the regulation happy Democrats.

    Free markets in a mixed economy - that's called a contradiction.  It's either a free market or it isn't. 

    And since China doesn't believe in free markets and China is one of our main trading partners, how can we as a country have free markets?  Do we say, well yes, China is causing a huge distortion in the market leading to the wrong allocation of goods, services and resources, but we are just going to ignore it and allow our economy to be negatively impacted by the action of the Chinese?

    The Chinese are pegging their currency instead of letting in float.  In other words, the Chinese Government is controlling the value of the dollar.  The Chinese have set the value of the dollar too high compared to their currency.

    The impact - we import all of our goods from China instead of producing any of it ourselves.  As a result, China's economy grows, while ours languishes.

    Tell me again how an American company can compete against imports from  Chinese?  And explain to me one more time how our economy is going to grow if all of our manufacturing jobs are shipped to China?  This is what has been happing for the last 10 years and is why we are in the situation we are in now.

    So, a free market vs. the Chinese manipulating the market for US currency.  So far, the Chinese are winning.


     
  15. You have chosen to ignore posts from kelldog1. Show kelldog1's posts

    Re: Brits Cut 490,000 Government Jobs

    In Response to Brits Cut 490,000 Government Jobs:
    [QUOTE]I guess its time to pay up for years of overspending.   How many US Government jobs could be cut if the Brits can afford to do without 500k ? ------ UK slashes 490,000 jobs amid deep budget cuts London, England (CNN)  -- The British government announced deep budget cuts Wednesday, as it tries to fight what its finance minister called "the largest structural budget deficit in Europe." The changes will include "ruthless privatization" and will leave "no stone unturned in our search for waste," Chancellor George Osborne told lawmakers in the House of Commons. The government will slash 490,000 jobs from the public payroll over four years, he said. http://www.cnn.com/2010/WORLD/europe/10/20/uk.budget.cuts/index.html?hpt=Sbin    
    Posted by schadenfreude99[/QUOTE]
    ----------------------------------------------------------------------------------------------

    What could possibly go wrong?

    Look the bottom line is Keynesian economists have it correct..
    The English Conservatives  are delusional! .....and they have started England on an economic death spiral  that will result  "Modern Feudalism"!

    The middle class will evaporate!

    Wake up America! The same fate awaits  if the Tea/Rubs take power! If we don't somehow jumpstart this economy and grow our way out of debt we are doomed!

    The problem is that this economic slowdown is Global in Scope, because of the  integrated nature of modern economies. We're all in this together.

     This current malaise is only going to be solved by one of two things.......Either the G20 comes together to solve the Global Economic Crisis....or somehow this economic crisis WILL evolve into WWIII. Not a very pleasant prospect.

       History keeps repeating! We just fail to learn its lessons!

     
  16. You have chosen to ignore posts from SalveteAmici. Show SalveteAmici's posts

    Re: Brits Cut 490,000 Government Jobs

    There can be no question that what we are witnessing currently in UK...and other european nations is the fact that out of control spending for entitlements are the root of most if not all the unrest.
    You don't think it could happen here?
    President Obama is an ideolog, it is ingrained in his DNA....He is for the most part not fond of capitalisim, but rather a more 'Fair' socialistically directed big government direction...To deny this is folly for actions speak louder than words.
    The new Congress will indeed cause him to pause for now he will have to deal with another voice other than the backing of a totally in control Congress. It is because he is an ideolog, enemies, (can you say Republicans) will be created anew...(CONGRESS) and we will further divide as a nation. All of us will have to deal with this out of control spending as hard times and choices WILL BE NEEDED, and with the entitlements programs growing....The chaos we are witnessing now 'across the pond' in europe cannot be ruled out here entirely.
    Hang on for very hard decisions that are a must do, coming our way.
     
  17. You have chosen to ignore posts from DirtyWaterLover. Show DirtyWaterLover's posts

    Re: Brits Cut 490,000 Government Jobs

    People are silly - let's do everything but fix the problems that caused the financial crisis.  Are there issues with social security that need to be dealt with?  Of course.  Is the middle of the biggest downturn in the economy since the great depression the time to deal with it?  I'm not so sure.

    As long as we are dependent on the housing market to be the engine of growth, the economy will grow at a sluggish rate.  Fix the trade imbalance and the economy will grow and jobs will be created.  Once that happens, we can address the structural issues in the Federal Budget.

    I'm not sure unemployment is the time to start trying to pay off credit card bills - For individuals or for the country.

     
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