HM Treasury: Has the statement by the Chancellor of the Exchequer on the cuts needed to cut the UK Debt. As the UK Treasury states the UK debt stands at 156 billion, thus these first cuts are more symbolic, when 6.2 billion is seen by symbolic by the money markets you get the idea of how much red ink there is in the economic books of the UK. The Chancellor of the Exchequer stated the following when it comes to future cuts, " This is the first time this Government has announced difficult decisions on spending. It will not be the last. But I want people to know in the years ahead that we do this not for its own sake but in order to improve the quality of people’s lives and build a better economic future. We inherited an economic mess, but we can come out of it stronger. " There will be a need for even more drastic cuts folks, the welfare states will have to contract for a few years, the welfare state is fantastic but its costs folks, the NHS is great but it has one problem, you can finish work at 65 if your a man and if you healthy you can live to be over a hundred, that is a lot of benefits folks. In the years to come Doctors will create drugs that in many respects could allow people to live to be over a 150, that a lot of benefits if you finish work at 65 for a man or 60 for a woman. Thus one can postulate that the age of men finishing work will go up to 70 or 75 and 65 or 66 for women, lets note women tend to live longer, thus folks the old welfare system will have to change, it will hurt folks but the other choice is for the UK to go bankrupt, the Labour Party under Gordon Brown has left an economic disaster folks.
Monday, May 24, 2010
Cutting the UK Debt
HM Treasury: Has the statement by the Chancellor of the Exchequer on the cuts needed to cut the UK Debt. As the UK Treasury states the UK debt stands at 156 billion, thus these first cuts are more symbolic, when 6.2 billion is seen by symbolic by the money markets you get the idea of how much red ink there is in the economic books of the UK. The Chancellor of the Exchequer stated the following when it comes to future cuts, " This is the first time this Government has announced difficult decisions on spending. It will not be the last. But I want people to know in the years ahead that we do this not for its own sake but in order to improve the quality of people’s lives and build a better economic future. We inherited an economic mess, but we can come out of it stronger. " There will be a need for even more drastic cuts folks, the welfare states will have to contract for a few years, the welfare state is fantastic but its costs folks, the NHS is great but it has one problem, you can finish work at 65 if your a man and if you healthy you can live to be over a hundred, that is a lot of benefits folks. In the years to come Doctors will create drugs that in many respects could allow people to live to be over a 150, that a lot of benefits if you finish work at 65 for a man or 60 for a woman. Thus one can postulate that the age of men finishing work will go up to 70 or 75 and 65 or 66 for women, lets note women tend to live longer, thus folks the old welfare system will have to change, it will hurt folks but the other choice is for the UK to go bankrupt, the Labour Party under Gordon Brown has left an economic disaster folks.
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