“Government consumption spending is, alas, still going up. But it’s scheduled to start being cut seriously now. Spending cuts are a potential cure for this economy.”

3 comments on ““Government consumption spending is, alas, still going up. But it’s scheduled to start being cut seriously now. Spending cuts are a potential cure for this economy.”
  1. The Dork of Cork. says:

    This blog is losing its credit……..

    Where did you get this guy ?

    “We need to cut government consumption spending so the UK economy can grow faster, so that households can in turn service their mortgages, so they don’t default and bust the banks. It doesn’t help public support for that when respected economists attack those correctly pointing out that such spending cuts haven’t happened yet.”

    Andrew Lilico is a columnist for ConservativeHome.

    Dork – where do you think people get the tokens to pay their mortgages ?

    Government spending.

    Austerity is only a mechanism to transfer a surplus to the free banks so that they can release their credit poison again , burning yet more resources for a negative return.

  2. ED says:

    Thank you Dork of Cork !
    “This is not a recession it’s a robbery” (saw this on a placard)
    Austerity for the victims as more and more of the countries resources go to support the crooks in the style to which they have become accustomed! there are savage cuts to staff and services across the public sector that money is being directly transferred to pay tribute to the banking cartels, to pay the interest on their debts which were transferred to us, and to cut the taxes of the corporations and the uber wealthy……
    Being crooks they are also as naomi klein said in disaster capitalism using the crisis to pursue there own agenda which includes but is not limited to the transfer public assets to their corporate cronies, Long John Silver would be gobsmacked, the so called great train robbers aghast – Roast in hell Richard you dick Branson!!

  3. BankingThiefs says:

    “austerity hasn’t yet begun”

    Clueless!

    Family tax credits have been cut and made next to impossible to claim.
    (catch 22 you cannot get help unless you have a job, if you had a job you wouldn’t need help)
    Child benefit has been cut.
    Public sector workers pay has been cut.
    Council tax help is now based on you assets not your income. (meaning you are taxed on your savings!)

    It started April 2012!

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