Message from @wacka
Discord ID: 641981208536023070
True @PureEvilPie
Funny thing is, if it wasn’t for the disastrous social policies, I might vote labour this election
The spending would be a massive boost, especially needed as we come out of Brexit
oshit, china and US agreed their trade deal thing
I wish the Tories would expand their economic plan through more borrowing so we can come out reasonably well
Well
They do borrow shitloads
They borrow more than labour
thas a hell of a bump for trump
They just don’t invest it lmao
I don’t understand where this economic competency image came from
lol.. of course tories borrow more than labour... they inherited a 100bn deficit
Gordon browns policies in his short period
We’re improving the economy very well
He was genuinely a very good chancellor
how do you think they pay for stuff if they inherited spending 100bn more than they take in from taxes?
Wacka
A countries budget
Isn’t the same as a household
A deficit isn’t inherently a bad thing
Well the projected deficit spending is 17 billion for 2020
You spend more to make more in the future
Because your source of income
Surprisingly not a lot compared to other spending
Is for the most part stable
So there’s less risk
increasing QE to pay off that massive deficit is definitely a bad thing
Look up Keynesian economics
look at the £
untill the stop QE its just going to keep going down
Prolonged austerity is worse though
Lack of investment is bad for potential growth
before labour turned the deficit to 100bn the £ was at $2.00
In the long term that’s way worse than a deficit
Mate fuck off
You’re happily ignoring the GLOBAL CRISIS
yes... we have austerity BECAUSE of the deficit
Austerity short term
Is okay
Prolonged austerity