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General Categories => Current Affairs => Topic started by: The Prophet on November 23, 2011, 09:17:36 am

Title: The truth about austerity
Post by: The Prophet on November 23, 2011, 09:17:36 am
The plan is not to make the debt go away by cutting spending, real spending has gone up 50% over the last ten years.
The hope is that it can be reduced with new and rising taxes and increasing revenues from existing taxes as GDP increases.

Inflation and tax are eroding incomes. The average take home pay is now £68 lower than it was two years ago.
Title: Re: The truth about austerity
Post by: Fred on November 25, 2011, 08:43:34 am
We are all being screwed over by whatever government is in power.
When you owe £1000, not buying a 30p paper isn't going to make the £1000 decrease any time soon.
Inflation is what they want and what we are going to get.