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Mick Dempsey

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Genuine question for those who favour Corbyn.

 

Do you think that the deficit does not mater? Its just a number? What if our credit rating drops to Junk status and we can no longer borrow?

 

Or do you genuinely think he can fulfil all his promises and balance the books?

 

Do you think simply throwing money at every problem will fix them?

 

Obviously many of the things he wants would be great, but how can they possibly be payed for?

 

Any one?

 

I'm not having ago, genuinely interested in how you see things and want to know if I'm somehow missing something?

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There were another few thousand 'deluded' people in the car park down the hill: [ATTACH]221155[/ATTACH]

 

 

Gateshead has always been a labour strong hold though mark.. nothing new ... I could not see any one voting con there and never would it's been indoctrinated by there parents and there parents before them that they vote for the working mans party.

What's interesting is I've seen people switch views on Corbin.

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Genuine question for those who favour Corbyn.

 

Do you think that the deficit does not mater? Its just a number? What if our credit rating drops to Junk status and we can no longer borrow?

 

Or do you genuinely think he can fulfil all his promises and balance the books?

 

Do you think simply throwing money at every problem will fix them?

 

Obviously many of the things he wants would be great, but how can they possibly be payed for?

 

Alright ill have a go at answering your questions..

 

The deficit does matter. Both Labour and Tory have pledged to reduce the deficit in their manifestos. The Tories since 2010 have been pledging to reduce the deficit and create a budget surplus but haven’t. My understanding is that labour want to borrow to invest in structural improvement to the economy - thats different from borrowing to prop up day to day spending which would add to the deficit.

 

I am not sure if he can balance the books TBH, plenty economists believe labour economic policies make sense tho. But then i don't believe the tories have the will to do it, the economy as it is seems to be doing the Conservative party quite nicely. Do you think their economic policies so far have worked for the country? We are currently one of the slowest growing developed economies.. We are the only major developed economy where earnings have fallen as the economy rises post financial crash.

 

I see austerity as a means to fulfil the conservative ideology - taking wealth from the public sector and putting into the hands of private individuals. Privatisation, selling off publicly owned assets, reducing spending on public services, meanwhile cutting taxes for the richest.. I don't see that as a sustainable economic policy (especially in the context of Brexit). They have always governed for the wealthy elite. What amazes me is how they persuade the people who they are screwing over to vote for them!!

 

I don’t think throwing money at problems will fix them but i think the cutbacks the tories have made are the cause of lots of the problems - cutting police numbers a recent example. I think investing to grow the economy and properly funding public services may solve quite a few problems. Also worth remembering the global financial crash of 2007/8 was the cause of the economic situation that followed.. not out of control labour spending!! I don't know how the Tories have got away with that lie for so long!

 

How are they going to pay for it - taxation and borrowing is the obvious answer i suppose - how any government is meant to pay for things. Just need to look at each parties manifestos (although the Tories haven't done any costings).

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