O/T CV19 could save the government a fortune

[BenArfa10]

Other than higher taxes. How else do you pay for it?

Imagine Corbyn was elected. He couldn’t even say whether he was leave or remain, what would he have done through this pandemic, been an honest broker?

Pandemic was sweeping the country and he was standing in parliament going on about domestic violence.

Make the banks, we suffered austerity to pay for their duck ups. Or have we already paid for it since 2009?

[Sclox]

Give the uber rich a 1 billion haircut each.

They take the money when times are good without batting an eye lid but cry when a bit of turbulance turns up.

Cant always have their cake and eat it and they will all soon be back making mega bucks soon enough.

[Sickas]

Make the banks, we suffered austerity to pay for their duck ups. Or have we already paid for it since 2009?

Part of the reason we had a recession in 2008 was because banks were being too generous with the credit they were giving. Another was a boom in house prices that wasn’t sustainable and mainly in the USA the sub prime mortgage market was seeing too many people who couldn’t afford to borrow being given too much.

Please explain why banks should be paying a national debt because of a coronavirus pandemic that began in China.

Maybe our government in the past shouldn’t of ran a budget deficit for the 7 years prior to the recession. Austerity may not have needed to be so extreme then.

[Kal]

So true.

[ex_pat_magpie]

Trouble with Corbyn was that he couldn't make his mind up whether to be decisive or to be indecisive.

[BenArfa10]

Part of the reason we had a recession in 2008 was because banks were being too generous with the credit they were giving. Another was a boom in house prices that wasn’t sustainable and mainly in the USA the sub prime mortgage market was seeing too many people who couldn’t afford to borrow being given too much.

Please explain why banks should be paying a national debt because of a coronavirus pandemic that began in China.

Maybe our government in the past shouldn’t of ran a budget deficit for the 7 years prior to the recession. Austerity may not have needed to be so extreme then.

Valid points, you've cleary watched The Big Short.

It was a flippant suggestion said in jest not seriousness. Surely you're smart enough to discern that.

But to be flippant again, People suffered through austerity to bail out those banks. Banks that were complicit in the crisis and they go hand in cap to the Govt who say here's the money you need, no worries, the weakest in society are the ones who should foot the bill. That alone is good enough reason for the banks to the foot the bill as yet another economic crisis looms. Yes this time it was not their fault but neither was 2008 the fault of the weakest in society who paid heavily under austerity.

Austerity doesn't work by the way. I'm no economist but to have been in a good position to deal with the crisis, in the 7 years prior we should have been a nation focusing on developing industry, manufacturing and exporting so that we build up a trade surplus. There's a reason why the German economy has been such a behemoth for decades.

[TheOtherTerryMac]

I wouldn’t trust Corbyn to put a pipe in a snowman’s mouth

[Kal]

He managed to put his pipe in Diane Abbott's mouth.

[Sclox]

Valid points, you've cleary watched The Big Short.

It was a flippant suggestion said in jest not seriousness. Surely you're smart enough to discern that.

But to be flippant again, People suffered through austerity to bail out those banks. Banks that were complicit in the crisis and they go hand in cap to the Govt who say here's the money you need, no worries, the weakest in society are the ones who should foot the bill. That alone is good enough reason for the banks to the foot the bill as yet another economic crisis looms. Yes this time it was not their fault but neither was 2008 the fault of the weakest in society who paid heavily under austerity.

Austerity doesn't work by the way. I'm no economist but to have been in a good position to deal with the crisis, in the 7 years prior we should have been a nation focusing on developing industry, manufacturing and exporting so that we build up a trade surplus. There's a reason why the German economy has been such a behemoth for decades.

100%

We've had austerity for 13 years already and where has that got us? This current crisis is'nt the fault of the average Joe on the street either.

Time to tax the super rich and do something for the long term - invest in future generations using some innovative and forward thinking and not short term political gain. Think the Victorians

[ex_pat_magpie]

He managed to put his pipe in Diane Abbott's mouth.

Is that why she's such a gobshyte.