tag:blogger.com,1999:blog-23400750.post7593162868214806499..comments2023-11-03T11:32:01.540+00:00Comments on Thought Experiments : The Blog: Stuffing the ThickosBryan Appleyardhttp://www.blogger.com/profile/08276787058430388582noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-23400750.post-9779612466862565662009-07-07T21:04:20.571+00:002009-07-07T21:04:20.571+00:00Luis and Gaw
Have you ever studied what GDP actua...Luis and Gaw<br /><br />Have you ever studied what GDP actually means? GDP includes the economic activity that results from debt. In other words, the UK's GDP is swollen by all the economic froth made possible by the borrowing over the last decade in particular. The debt has to be repaid eventually so over the long term it might be regarded as neutral, but as we have been surfing on a rising Jean d'Eaunoreply@blogger.comtag:blogger.com,1999:blog-23400750.post-4776557016984126042009-07-03T14:27:48.259+00:002009-07-03T14:27:48.259+00:00I dont know what i think.. confused a little bit.....I dont know what i think.. confused a little bit..estetik meme küçültmehttp://www.xn--gskltme-wxa6koccb36b.comnoreply@blogger.comtag:blogger.com,1999:blog-23400750.post-6972755433982211562009-07-01T21:41:11.796+00:002009-07-01T21:41:11.796+00:00If he can make his ghastly strategy work he may be...If he can make his ghastly strategy work he may be right of course. There non so stupid as those in need of a lie....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-23400750.post-90055409211356868042009-07-01T21:18:41.682+00:002009-07-01T21:18:41.682+00:00I think the problem is one of altered perception a...I think the problem is one of altered perception and emotional immaturity more than anything. There's far less corruption now than in the past, but we're probably much more aware of it thanks to the 24/7 media. <br /><br />What you don't know can't annoy you. If the flow of information has increased faster than corruption has declined, then we feel more annoyed than our ancestors.Michael Smithnoreply@blogger.comtag:blogger.com,1999:blog-23400750.post-25212643536100220962009-07-01T19:51:27.675+00:002009-07-01T19:51:27.675+00:00People are fed up with being governed by liars.
L...People are fed up with being governed by liars. <br />Labour lied to get into power (Blair was clearly a liar from the start, but necessary for them to be electable) and is incapable of telling the truth about anything.<br />The nearly 200 year old experiment in the universal franchise has led to what we are experiencing now and it is coming to an end because it doesn't work and isn't philip wallingnoreply@blogger.comtag:blogger.com,1999:blog-23400750.post-8143855662220737832009-07-01T17:29:37.359+00:002009-07-01T17:29:37.359+00:00Elberry- i kind of agree. But I don't think th...Elberry- i kind of agree. But I don't think the Tories will spend much time placating the liberal left once they're in power. People don't really care too much about policy, they just want a change. <br /> I predict the Tories will quickly go back to their default position on crime (along with other things) which can't be anything worse than Labour's befoggedChrisnoreply@blogger.comtag:blogger.com,1999:blog-23400750.post-89157659572496426992009-07-01T17:13:36.138+00:002009-07-01T17:13:36.138+00:00You can see the hate coming out of Gorgons mouth, ...You can see the hate coming out of Gorgons mouth, the idea of losing to the etonians will probably destroy him totally...but in the meantime he will plan to hand to them as much poison and bile as he can, all payed for by the unborn.<br /><br />I was in the heartlands today as it happen, in sunny Barnsley (first time in 8 years pity it was not 80) and believe me, hate is not something they are Seanhttps://www.blogger.com/profile/04362169593902131947noreply@blogger.comtag:blogger.com,1999:blog-23400750.post-65071145247587556532009-07-01T16:34:44.555+00:002009-07-01T16:34:44.555+00:00I thought Peter Mandelson was running everything n...I thought Peter Mandelson was running everything now, so it doesn't really matter what Balls - or even BROWN - says does it? Every situation is subservient to that loathesome man's lust for a properly Federal Europe. Cameron MUST come out and promise a retrospective referendum whose result will be adhered to even though Mandelson thinks he has pushed through a "fait accompli"!circus monkeyhttp://circusmonkeysmirror.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-23400750.post-65602207345774898652009-07-01T14:35:40.979+00:002009-07-01T14:35:40.979+00:00I think decadence, but then I'm an optimist.I think decadence, but then I'm an optimist.Brithttps://www.blogger.com/profile/00390560583798960760noreply@blogger.comtag:blogger.com,1999:blog-23400750.post-73124119923288987512009-07-01T12:33:54.633+00:002009-07-01T12:33:54.633+00:00i believe one thing will change very quickly when ...i believe one thing will change very quickly when the Tories get in power - hope will disappear. As far back as i can remember people would grumble about the Tories and hope that Labour would get in and things would improve. i recall the general jubilation when Nu Labour came into power; it lasted a few years among the many-headed, but by the time of the Iraq War it was understood by most people Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-23400750.post-17678372211500896692009-07-01T12:23:01.017+00:002009-07-01T12:23:01.017+00:00Recusant,
well I don't know about that; as I...Recusant, <br /><br />well I don't know about that; as I said, I'm just making a narrow point. <br /><br />With his little homily about how clear-thinking people think about debt, Nelson is making a fool of himself.Luis Enriquehttps://www.blogger.com/profile/09373244720653497312noreply@blogger.comtag:blogger.com,1999:blog-23400750.post-4144525195934502462009-07-01T12:21:52.627+00:002009-07-01T12:21:52.627+00:00At Today's PMQs the PM has said in reply to Ca...At Today's PMQs the PM has said in reply to Cameron's question that spending will continue to grow at 0% from 2013. Brown and Balls are proof that you can be too clever by half.Ahabnoreply@blogger.comtag:blogger.com,1999:blog-23400750.post-9485720413502882402009-07-01T10:52:00.388+00:002009-07-01T10:52:00.388+00:00Luis
That's all very well and technically cor...Luis<br /><br />That's all very well and technically correct, but you're doing Ball's work for him and hiding the bigger lie. When he starts comparing like for like rather than with whatever will make the Labour party look good, we might start giving him the benefit of the doubt on other matters, but you and I both know that he reaches for the lie as a matter of course and not just Recusanthttps://www.blogger.com/profile/11446741817585462393noreply@blogger.comtag:blogger.com,1999:blog-23400750.post-83560492009835347752009-07-01T09:39:51.656+00:002009-07-01T09:39:51.656+00:00More: because it's debt/GDP wot matters, if yo...More: because it's debt/GDP wot matters, if you think the govt's projections of GDP are dud, then you're just saying the projections of what matters (debt/gdp) are dud. If for some reason you think projections of absolute debt are harder to fudge, that doesn't mean you ought to focus on absolute debt projections, because absolute debt projections aren't meaningful until we Luis Enriquehttps://www.blogger.com/profile/09373244720653497312noreply@blogger.comtag:blogger.com,1999:blog-23400750.post-56459024028367131542009-07-01T09:28:20.486+00:002009-07-01T09:28:20.486+00:00But Bryan, how is making up future GDP projections...But Bryan, how is making up future GDP projections to massage the debt ratio different, or easier, than making up future debt projections to massage the debt ratio? I don't see how their ability to "say what they like" is changed by treating debt, properly, as proportion of GDP.Luis Enriquehttps://www.blogger.com/profile/09373244720653497312noreply@blogger.comtag:blogger.com,1999:blog-23400750.post-44474035487102957682009-07-01T09:22:20.536+00:002009-07-01T09:22:20.536+00:00I'm sorry to have become a bit obsessive about...I'm sorry to have become a bit obsessive about this lying/debt/spending cluster-f***, but it's going to be the dominant political and economic fact for the foreseeable future. We need to be sure we get it right, in terms of understanding how it happened and how we're going to get out of it.<br /><br />So here's a piece just posted by the heroic Fraser Nelson (the blogger referred Gareth Williamshttps://www.blogger.com/profile/05058241057385364459noreply@blogger.comtag:blogger.com,1999:blog-23400750.post-28969683309216423952009-07-01T09:08:37.208+00:002009-07-01T09:08:37.208+00:00The epicentre of the heartlands will be South Shie...The epicentre of the heartlands will be South Shields and its buffer zone to the west. Notable for being the last area of Britain to enter the nineteenth century, in 1995.<br />Once the preserve of one Chuter-Eade, known as "that posh bloke you only see when he needs your vote", now the fiefdom of the gorilla Milly band.<br />Were Beverley Allitt to stand as the next labour candidate maltyhttps://www.blogger.com/profile/02936465848907794425noreply@blogger.comtag:blogger.com,1999:blog-23400750.post-4753872591444643592009-07-01T08:48:13.144+00:002009-07-01T08:48:13.144+00:00Labour failed to fool all of the people all of the...Labour failed to fool all of the people all of the time, but they had a pretty good run at fooling most of the people most of the time. Contrary to their concern about the Tory press, they had an overwhlemingly sympathetic media behind them. They've now deserted the NuLab cause. <br /><br />Everybody knows big changes are afoot - that we are living beyond our means. The Govt pretends Spongebobnoreply@blogger.comtag:blogger.com,1999:blog-23400750.post-65392842824189532732009-07-01T08:31:49.411+00:002009-07-01T08:31:49.411+00:00Even using a ratio, to state that 'national de...Even using a ratio, to state that 'national debt [is] coming down' is seriously misleading. It can only be true if you ignore the tense and choose a point distant enough in the future: I believe it to be 2014 on the Treasury's (probably over-optimistic) figures.<br /><br />I agree this isn't one of Balls' most egregious lies and his point about the use of ratios is justified.Gareth Williamshttps://www.blogger.com/profile/05058241057385364459noreply@blogger.comtag:blogger.com,1999:blog-23400750.post-65109450370884848862009-07-01T08:26:32.417+00:002009-07-01T08:26:32.417+00:00Yes, Luis, but the government can make up its futu...Yes, Luis, but the government can make up its future GDP projections and will do so to massage its debt ratio. They can say what they like in other words.Bryan Appleyardhttps://www.blogger.com/profile/08276787058430388582noreply@blogger.comtag:blogger.com,1999:blog-23400750.post-12368778203969867622009-07-01T08:18:13.897+00:002009-07-01T08:18:13.897+00:00On the narrow point of whether we should think abo...On the narrow point of whether we should think about debt in absolute terms or in proportion to GDP, Balls is right.<br /><br />Right now I earn £20,000 and owe £500. If in a few years time I earn £200,000 but owe £2500, I'm supposed to be worried about that because debt has gone up in "real money terms" and although the ratio has fallen, ratios aren't 'real'? <br /><br Luis Enriquehttps://www.blogger.com/profile/09373244720653497312noreply@blogger.comtag:blogger.com,1999:blog-23400750.post-11733530242614198652009-07-01T07:29:28.358+00:002009-07-01T07:29:28.358+00:00It is a worry. I think the reason for the lying co...It is a worry. I think the reason for the lying coming to the fore is that Brown-Balls are in charge. They've always been totally unscrupulous liars, and vicious with it. The Lenin parallel is a good spot and, I would say, appropriate. Imagine how this pair would behave if unconstrained...<br /><br />For this to be a one-off we must hope they get their just deserts Old Testament-style <em>Gareth Williamshttps://www.blogger.com/profile/05058241057385364459noreply@blogger.com