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#1
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Government hand-outs that undermine the economy. Sovereign debt and politics’ inability to stop the bleeding.
Government hand-outs that undermine the economy. Sovereign debt and
politics’ inability to stop the bleeding. 03/13/2010 "Social policy likes to spend on the governors’ favorites. Reelection is in this case more important than is the project into which the money is funneled. Predictably, the temptation produces negative outcomes. Here everybody will think of the allocation of money to activities that make no sense – a practice, which guarantees that the supposed beneficiaries remain dependent of support payments. The reward-for-failure policy also creates deficits. That undermines the currency’s value. It also results in barriers that limit efficient producers whose contribution has to pay for the outlays. An additional consequence deserves mentioning. In time, such squandering creates a crisis and undermines society’s ability to cope with the economic earthquake once bankruptcy cannot be hidden any more. We are now witnessing several cases in which the ability of government to remedy the ailment it had caused is impeded. Greece, Germany and Iceland are all states with damaged public finances. Other candidates are dancing on the edge of the precipice. In all these cases, the course to avoid a hard landing is clearly stated by economics as a science. Especially in the case of Greece, the ability of the governors to act effectively is limited by the threatened mass disobedience (as in “general strike”) of the beneficiaries of over spending. As a discipline striving to be objective, economics, as well as other Euro-users warn Greece to cut expenditures and to collect taxes. The latter is difficult where, according to the declarations filed, even the rich are paupers. Raising taxes is no medicine as evasion has become a natural right. More serious than the income gap is the ailment of inflated expenditures. Now politics is to correct the chaos caused by its fantasy-fueled finances. However, politicians, as of candidates seeking a mandate, can hardly afford to do what is expected of them. Welfare spending –in the extended meaning of the term- has created numerous constituencies. The beneficiaries might even be a majority, addicted to receiving more than it is giving. The worse result of past sins is not the debt to be serviced. Really damaging is the inability of majority-dependent governments to implement corrections. Typical are the paralyzing strikes in Greece. By now, Iceland’s rejection to debt repayment is in. Even if offered favorable conditions, the voters are unwilling to pay a debt incurred by a bank whose deposits the country guaranteed. (The consequences of the vote are not subject to balloting. They could bring more hardship than negotiated repayment would have.) In this, as well as in other yet to emerge cases, peoples that used to “get” from government are, not without logic, unwilling to pay for past sins. Not even when they benefited from economic magic once promoted as a realistic strategy. This makes out of the crisis that looms around sovereign debt an acute problem. It impairs the credit worthiness of countries and qualifies the doctrines of spending...." |
#2
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Government hand-outs that undermine the economy. Sovereign debt and politics’ inability to stop the bleeding.
"ODONOVAN, Himself" wrote in message ... Government hand-outs that undermine the economy. Those Labour arseholes give handouts all the time. |
#3
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Government hand-outs that undermine the economy. Sovereign debt and politics' inability to stop the bleeding.
"Green Lantern" wrote in message news "ODONOVAN, Himself" wrote in message ... Government hand-outs that undermine the economy. Those Labour arseholes give handouts all the time. Not at all like the Liberals who only give handouts at election time to buy votes. |
#4
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Government hand-outs that undermine the economy. Sovereign debt and politics' inability to stop the bleeding.
"HD" wrote in message ... "Green Lantern" wrote in message news "ODONOVAN, Himself" wrote in message ... Government hand-outs that undermine the economy. Those Labour arseholes give handouts all the time. Not at all like the Liberals who only give handouts at election time to buy votes. You're confused. Labour did that at the last election. |
#5
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Government hand-outs that undermine the economy. Sovereign debt and politics' inability to stop the bleeding.
"Green Lantern" wrote in message ... "HD" wrote in message ... "Green Lantern" wrote in message news "ODONOVAN, Himself" wrote in message ... Government hand-outs that undermine the economy. Those Labour arseholes give handouts all the time. Not at all like the Liberals who only give handouts at election time to buy votes. You're confused. Labour did that at the last election. No you are confused. To buy votes you have to give a handout before an election. That is what Howard did and, he did it at a time when we didn't need a stimulus for the economy. We only needed this stimulus after the greedy Capitalist merchant bankers made a mess out of the economy worldwide. |
#6
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Government hand-outs that undermine the economy. Sovereign debt and politics' inability to stop the bleeding.
"HD" wrote in message ... "Green Lantern" wrote in message ... "HD" wrote in message ... "Green Lantern" wrote in message news "ODONOVAN, Himself" wrote in message ... Government hand-outs that undermine the economy. Those Labour arseholes give handouts all the time. Not at all like the Liberals who only give handouts at election time to buy votes. You're confused. Labour did that at the last election. No you are confused. To buy votes you have to give a handout before an election. That is what Howard did and, he did it at a time when we didn't need a stimulus for the economy. We only needed this stimulus after the greedy Capitalist merchant bankers made a mess out of the economy worldwide. No you are confused. Labour have been giving handouts ever since they won the election. |
#7
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Government hand-outs that undermine the economy. Sovereign debtand politics' inability to stop the bleeding.
Green Lantern wrote:
"HD" wrote in message ... "Green Lantern" wrote in message ... "HD" wrote in message ... "Green Lantern" wrote in message news "ODONOVAN, Himself" wrote in message ... Government hand-outs that undermine the economy. Those Labour arseholes give handouts all the time. Not at all like the Liberals who only give handouts at election time to buy votes. You're confused. Labour did that at the last election. No you are confused. To buy votes you have to give a handout before an election. That is what Howard did and, he did it at a time when we didn't need a stimulus for the economy. We only needed this stimulus after the greedy Capitalist merchant bankers made a mess out of the economy worldwide. No you are confused. Labour have been giving handouts ever since they won the election. Labour, Labour? I think you are referring to Nulabour. |
#8
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Government hand-outs that undermine the economy. Sovereign debtandpolitics' inability to stop the bleeding.
John Rennie wrote: Green Lantern wrote: "HD" wrote in message ... "Green Lantern" wrote in message ... "HD" wrote in message ... "Green Lantern" wrote in message news "ODONOVAN, Himself" wrote in message ... Government hand-outs that undermine the economy. Those Labour arseholes give handouts all the time. Not at all like the Liberals who only give handouts at election time to buy votes. You're confused. Labour did that at the last election. No you are confused. To buy votes you have to give a handout before an election. That is what Howard did and, he did it at a time when we didn't need a stimulus for the economy. We only needed this stimulus after the greedy Capitalist merchant bankers made a mess out of the economy worldwide. No you are confused. Labour have been giving handouts ever since they won the election. Labour, Labour? I think you are referring to Nulabour. During the foot in mouth crisis, it was MooLabour. -- "It is illuminating for purposes of reflection, if not for argument, to note that one of the greatest 'fictions' of our federal system is that the Congress exercises only those powers delegated to it, while the remainder are reserved to the States or to the people. The manner in which this Court has construed the Commerce Clause amply illustrates the extent of this fiction.", Hodel v. Virginia Surface Mining, 452 U.S. 264, 307 (1981) |
#9
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Government hand-outs that undermine the economy. Sovereign debt and politics' inability to stop the bleeding.
"Green Lantern" wrote in message ... "HD" wrote in message ... "Green Lantern" wrote in message ... "HD" wrote in message ... "Green Lantern" wrote in message news "ODONOVAN, Himself" wrote in message ... Government hand-outs that undermine the economy. Those Labour arseholes give handouts all the time. Not at all like the Liberals who only give handouts at election time to buy votes. You're confused. Labour did that at the last election. No you are confused. To buy votes you have to give a handout before an election. That is what Howard did and, he did it at a time when we didn't need a stimulus for the economy. We only needed this stimulus after the greedy Capitalist merchant bankers made a mess out of the economy worldwide. No you are confused. Labour have been giving handouts ever since they won the election. That is right. Labor gave hand outs after the election, not as a bribe for votes before an election like the Liberals did. |
#10
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Government hand-outs that undermine the economy. Sovereign debtandpolitics' inability to stop the bleeding.
Bill Bonde {Colourless green ideas don't sleep furiously) wrote:
John Rennie wrote: Green Lantern wrote: "HD" wrote in message ... "Green Lantern" wrote in message ... "HD" wrote in message ... "Green Lantern" wrote in message news "ODONOVAN, Himself" wrote in message ... Government hand-outs that undermine the economy. Those Labour arseholes give handouts all the time. Not at all like the Liberals who only give handouts at election time to buy votes. You're confused. Labour did that at the last election. No you are confused. To buy votes you have to give a handout before an election. That is what Howard did and, he did it at a time when we didn't need a stimulus for the economy. We only needed this stimulus after the greedy Capitalist merchant bankers made a mess out of the economy worldwide. No you are confused. Labour have been giving handouts ever since they won the election. Labour, Labour? I think you are referring to Nulabour. During the foot in mouth crisis, it was MooLabour. Compared with you, Bill, even Earl is funny. |
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