When numbers get serious..........

[antongould]

I have seen the size of "the mess the last governmet left us in" expressed in a number of ways but feel this in the New Statesman brought it home to me at least......
"The scale of the bailout that followed the financial crsis of 2008 is difficult to comprehend. One estimate suggests it cost the US taxpayer $7.76trn which is more than most of the big ticket items in US history combined - more than the cost of
the Marshall Plan
the Louisiana Purchase
The 1980s savings and loans crisis
The Korean war
The New Deal
The Invasion of Iraq
The Vietnam War and
The total cost of NASA including the moon landings

All added together, repeat all added together (and yes old figures adjusted upwards for inflation)..............

The UK's much smaller economy suffered proportionally ........"

Good lads the bankers.............

[Simon]

Have a look at this Anton...

http://www.youtube.com/watch?v=Dc3sKwwAaCU

[teamsaint]

The way to solve this is to shut a load of libraries, cut benefits, keep selling arms to oppressive governments, and give the banks another 75Bn.

Least thats what gormless george thinks. (no doubt labour think the same two).

[Vile Consort]

The way to solve this is to shut a load of libraries, cut benefits, keep selling arms to oppressive governments, and give the banks another 75Bn.

Least thats what gormless george thinks. (no doubt labour think the same two).

What is the way to solve it?

[antongould]

Have a look at this Anton...

http://www.youtube.com/watch?v=Dc3sKwwAaCU

At last found the time to look atthi Simon thanks and yes it took me right back to O level Economics when the concept that credit increased the money supply was very hard, for me at least, to grasp!
As to how to solve it VC I find my O level Economics doesn't really help and if the Chinese won't help either perhaps no one knows!

[3rd Viennese School]

I've got an idea.

Everytime we manage to save thousands and millions from cuts we could give the money straight to Europe.

Oh,ang on. George O is already doing that.

3VS

[barber olly]

The way to solve this is to shut a load of libraries, cut benefits, keep selling arms to oppressive governments, and give the banks another 75Bn.

Least thats what gormless george thinks. (no doubt labour think the same two).

Which two?

[ahinton]

Which two?

I've no idea, but one may suppose that this is one of the numbers allegedly getting serious, non?

[MrGongGong]

I've got an idea.

Everytime we manage to save thousands and millions from cuts we could give the money straight to Europe.

Oh,ang on. George O is already doing that.

3VS

Last time I looked at a map the UK was in Europe ?
maybe if we had joined in and stopped the Greeks from cheating things would have been a whole lot better for us all .............?

[Lateralthinking1]

Isn't the outrage about the Greek leader's attempt at a referendum revealing? On the one hand, economic dictatorship. On the other, an idea that the people should have a say. The two in competition and the former set to win.

I can't recall how many times it has been said during wars in the past twenty years that liberal economics and democracy assist and enhance each other. This has generally been the justification for regime change. Now it is clearer than ever that this is not necessarily the case.

Meanwhile, the great and the good meet in Cannes of all places to discuss our futures. Maybe somewhere slightly less lavish next time?