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Scotland Nicola Sturgeon wants us to spend our way out of recession. Do you agree with this move?
She wants the nation to borrow even more money to get us out of debt. It's a sort of never never loan racket. Do we really want the government to do this?
9 Answers
- Kit FangLv 79 years agoFavorite Answer
The idea of borrowing money to get out of debt has never worked. All it does is put off the pain for a few years. Only two things get countries out of extreme debt: going back to sustainable levels of spending, or going to war and having your entire economy focused on fighting that war (because historically the increased debt this brings is wiped by creditors, funded by allies, or paid back by the defeated party). Nothing else has ever in history provided a long-term solution to a debt crisis.
It is an interesting but little known fact that the European economy that grew the most last year is also the economy that made the largest cuts to public spending. Compare that to Britain, which is just seeing only slight growth this quarter, and is actually increasing public spending.
- Anonymous9 years ago
Nicola Sturgeon is using banana republic fiscal policies in her so called road to independence.
Everyone knows that these Scottish National Party fiscal policies will have to be paid back at some time in the future by the 16-18 year old voters she and Salmond are hoping to ensnare.
There can be no doubt about it a lot of innocent people are going to get their 'fingers burnt' with Salmonds's and Sturgeon's perception of a 'Freebie' paradise.
Now Salmond and Sturgeon are pinning their hopes on gaining admission to the European Union but this road is blocked by Germany who in the interests of their taxpayers cannot have another Grecian debacle on their hands.
The next stumbling block will be the diminishing returns from Westminster.which on a year by year basis will get less and less or there will be a revolt by Welsh, Northern Ireland and English taxpayers.
The only way forward which even Sturgeon must agree is by raising revenue on the international market at exorbitant rates of interest.
So the Salmond,Sturgeon bubble will burst when the Gnomes of Zurich start to demand their 'pound of flesh'!
So in the 'Land of reality' and if Sturgeon pursues these banana republic vote catcher fiscal policies. Sooner or later the Scottish people will have to go 'cap in hand' to either the Gnomes of Zurich,International monetary funds or the English,Welsh and Northern Irish taxpayer who will demand real sustainable fiscal policies.
So it all boils down to two choices.
Follow the Sturgeon,Salmond route and have a ranking along side Zimbabwe,Zambia,Ethiopia and Sudan.
The 'cracks' have started to appear where there has been an increase in the unemployed by 7000 taking it to 222000 whilst Northern Ireland,Wales and England have seen a fall of more than 50,000 and add to that falling house prices. (This information comes from the Office of National Statistics.)
Caused by political uncertainty.
Or stay within the United Kingdom proper and remain in the top flight.
- Andrew HLv 79 years ago
Sturgeon and Salmond only care about keeping things going for the next two years. Any debt they accumulate would be someone else's problem after their previous referendum.
I'd like to call them economic illiterates, but given Salmond's background I have to assume he is just deliberately dishonest for reasons of pure self-interest.
- LongJohnsLv 79 years ago
No, I don't - I don't think that spending cuts alone amount to a plan but just spending money isn't a plan either.
They all seem economically illiterate these days. There isn't a figure of John Maynard Keynes or Adam Smith 's vision about these days and if there is then nobody listens to them anyway.
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- lotsmorewineLv 49 years ago
Is this the SNP's economic plan for an independent Scotland - increase taxes and national debt to spend more? Surely she's not suggesting that the whole UK subsidises Scotland even more?
- Anonymous9 years ago
Ok!
fair enough. What do you sugest I buy with 30p Nicola Sturgeon?
Source(s): How can we spend money we don't have? - manjit groverLv 69 years ago
I believe in this time of recession every one musy save money and buy only really needed items like food and medicine and should not drive in private vehicles to save fuel,those leader who say to spend more are actually working to help rich people.
- ?Lv 44 years ago
The marketplace has spoken, the marketplace isn't some magical Genie. It reflects what we've achieved. China has a huge financial gadget, and individuals make China seem plenty extra hefty then that's. China has somewhat some money all in money, so in the event that they stop commerce with the U. S. the cost of the U. S. greenback will take a dive. So if China had a million Million US money (i comprehend its extra yet for simplicity's sake) it would replace right into a million/2 a million money. China isn't any key. i'm chinese language and am asserting this. the international financial gadget is very American-centralized. so we are in a position to repair the american financial gadget by potential of struggling with "stimulus plans" The marketplace isn't any game, it weeds out opposition, suitable now its telling US many companies are not extra healthful. We permit the recession take place, without increasing taxes on importations. as quickly as the U. S. starts to advance the international will stick to, they are going to start to purchase from China(besides as from Europe and India) returned. anybody will oftentimes start to advance. this isn't any longer a disaster the marketplace is doing what it does superb, this is Capitalism at its height. You compete for the marketplace. stop freaking out, some money would be mandatory as a stimulus yet i do no longer see a reason to stop the international financial gadget with cost lists. It should not be handed over. a million/2 the rationalization we are doing so undesirable is by using the fact the Media turns each thing right into a cleansing soap opera. in basic terms depart this is, the marketplace will superb itself. possibly with some companies long gone, however the international is functionally capitalist. So stop panicking and brace your self for some tough years. permit the faulted companies flow down.
- Anonymous9 years ago
What is wrong with her. I think he has too much ENglish blood in her. Kick her out and find a true Scotsman with Scottish sensibility.