Osborne to convince public to back spending cuts

Chancellor George Osborne will begin his campaign to convince the public to back spending cuts. . Follow us on twitter at http://twitter.com/itn_news .

Category:

News & Politics

Tags:

• spending cuts
• cuts
• george osborne
• chancellor
• austerity
• coalition
• david cameron
• danny alexander
• deficit
• economy

[MsDeadCorpse]

Cameron talking nonsense at the end there. Professional liar

[3replybiz]

@raptor2391 I agree but I don't think New Labour were ever socialist, more soft-Tory than anything else. Never mind, history graduate George Osborne will save us all.

[raptor2391]

@raptor2391 whenever the government makes the cuts the economy will be plunged back into recession because we never sorted out the problems of too much debt. THE ONLY WAY TO DEAL WITH TOO MUCH DEBT IS BANKRUPTCY. the debt of the banks has just been transfered to the government and eventually the whole nation will be brought down if the SOCIALISM continues. THE GOVERNMENT caused this problem by setting interest rates at 1% and created an ARTIFICIAL credit boom in the economy which went bust.

[raptor2391]

@Jkm177 but mate, you seem to talk about the government as if it can cause the economy to grow - the only way it can do that is by borrowing money which will have to come to an end sooner or later. the point is that THERE IS NO RECOVERY!!! it is a lie and it is based on government spending - anybody can borrow money and spend it - it does not create wealth. THE GOVERNMENT CAN NOT CREATE WEALTH. they should never have bailed out the banks. the problems have not been solved just postponed.

[Jkm177]

@raptor2391 Yes we all know why they have to make cuts. My point is, that they should not do this so early. All these cuts are only going to explode back into their faces in the future if the economy is not taken care of; unemployment- deficit will increase, decrease in consumer expenditure- deficit will increase, investment taken out of UK- deficit will increase, i mean i can go on and on. Yes, you are right, cuts have to be made, but i feel the economy will need to be certainly considered.

[raptor2391]

@Jkm177 wait a minute. have you asked yourself why the tories have to make cuts? perhaps because the nation will go bankrupt if we don't????? the public sector will have to be cut, yes, just like the private sector was, but that is the result of the blank cheque that labour gave out over the past ten years, putting children into £17,000 of debt before they were even born to pay for our current lifestyle. Who is the evil one? how can you spend your way out of debt? it doesn't make sense mate.

[Jkm177]

@raptor2391 Why would you want to cut spending when we are heading towards a double dip recession. As Cameron put it the other day, cuts are going to be affecting every single one of us. If consumer confidence is not taken into account, god knows where we will be in 6 months time. The economy is not just going to take care of itself, yes cuts have to be made, but making them now will only mean more misery in the future. Might be a good short-term solution- long term, not likely...

[raptor2391]

@Jkm177 but how does a government 'stabilize' the economy, by borrowing money? What does stabilize mean? how can the government create wealth? why, then, according to your logic, don't we borrow 3 trillion more to stimulate our economy instead of stopping spending now?

[Jkm177]

@raptor2391 Priority now should be to stabalise the economy. Yes the the deficit need to be controlled, but by restricting free transport, cuts to small businesses, increase of tax levies would only mean a double dip recession. What happens during a recession? Increase in unemployment, less expenditure etc. This means we're back to square one, paying Job seekers allowance, persuading expenditure etc... Working class pick up the pieces, high flyers bask in all their glory.

[raptor2391]

@Jkm177 what about the debt?