Comments by "Awesome Avenger" (@awesomeavenger2810) on "RantsNBants and David Vujanic: 'Young people blew the door off the hinges'" video.

  1. Yeah, but luckily the UK just missed out on economic disaster.
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  2. You realise the tories actually don't like austerity, don't you? I mean, everyone likes free stuff. And promising what you can't pay for can be very popular. Get more votes.
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  3. The government bailed out the banks to a figure of £1,029 billion. The Telegraph reported on Monday that the Royal Bank of Scotland got a £163bn loan. Which will finally be repaid tomorrow (16th June 2017). The Guardian reports that the overall figure still owed by banks in 2010 was £612.58bn. That has since fallen to £456.33bn sometime after (2011 I'm assuming-no date is provided on the article). So, yeah. The banks are slowly paying it back.
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  4. Corbyn's 'plan' is to borrow massively (adding to the already massive debt the country has), and then spend. In the hopes that this will boost the economy. The problem with this idea is that it's not a general rule. Because economics is not an exact science. There are many factors that need to be right in order for large scale state spending to pay off. Many outside the control of government. There are also many economists that argue massive state spending actually shrinks the private sector. The sector that makes the money. If massive state spending was a golden rule to economic success, then the IMF and the ECB would be pumping money into Greece to encourage large scale state spending. Rather than doing the opposite (demanding state spending cuts in return for a bailout). In fact, if massive state spending was a sure fire way to produce economic returns, all governments would be doing it. Regardless of their economic situation. And, obviously, success also depends on the competence of the government doing the spending. Corbyn has never run anything in his entire 'career'. The reality is that the UK is spending more than it is getting in. And there is no magic formula that will allow that to continue without a cost. And that cost is debt. And debt interest repayments of £39 billion a year.
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  5. You are simply trying to ignore things you do not like. There is a cost to massive public borrowing. And that cost is and has to be paid-all £39 billion a year of debt interest of it.
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  6. Not sure how mentioning Yanis Varoufakis, the failed Greek minister for finance, helps your argument. Neither does mentioning others who simply disagree with many other economists. The Greeks have real austerity. And I'd rather not get to that point thanx. And, no. If there was a magical way of spending vast amounts of cash without concern for the future, I'd be all in. So demonising anyone who prefers to face reality, and act responsibly, as 'launching an attack on the working class and poor' doesn't work. After all, I could just as easily accuse you of wanting to create more poverty and deprivation.
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  7. So explain to me why the IMF and the ECB are not pumping massive amounts of cash into Greece? Vast state spending turns lead into gold, right? So why aren't they doing it in Greece?
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  8. And no one took away your 'freedom'. Get a grip.
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  9. Right. So you want the evil corporations to pay more tax. But that is a separate issue. Stay on topic. How is the UK going to repay its MASSIVE debts?
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  10. And no. The bankers didn't get hundreds and hundreds of billions. The banks were bailed out. In other words, those who had their investments and savings and pensions tied up in those banks didn't suddenly find themselves homeless.
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  11. Idk. If the banks went bust a second time, who knows? But again, that's not an answer to the UK's debt problem, is it?
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  12. Yes. You could say more. You could actually answer the question. Which was: How is the UK going to repay its MASSIVE debts?
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  13. They couldn't. So it was either bail them out. Or let them go bust. And like I said, if your savings were in those banks tuff shit. Either way, you have no answer, do you? Are you planning on paying doctors and nurses in bitter recriminations against the banks? Because refighting the past won't pay the bills!
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  14. You are slipping off into the realms of conspiracy. Imagining all sorts of shit in a desperate attempt to ignore the facts. And those facts are, the UK is spending more than it can afford.
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  15. You are acting as tho Japan has no problems with its massive debt.
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  16. Vacuous statements of intent won't pay the bills.
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  17. That's because I assumed you realised the vast debt the country is in is a problem. In which cast I couldn't see how you would support massively increasing it.
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  18. So kl wies is more qualified than trained economics professors also?
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  19. And spare me your usual Marxist bullcrap about the rich. Heard it a million times before. Not interested.
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