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A debt ceiling for Westminster?

Eddie Mair | 12:02 UK time, Wednesday, 3 August 2011

We might talk tonight about the suggestion floated in today's Daily Telegraph.


  • Comment number 1.

    Tax the rich properly (till the pipsqueaks squeak) and use QE (with compulsory bank reserves) to pump in money when capitalism implements it's usual credit crunches. Result: the borrowing requirement is zero.
    (Another crunch is on now, it seems. Stock exchanges plummeting, pension etc funds shrink, credit contracts (including that of ring fenced retail banks), etc. All driven by the world's Tea Parties (Tories here). Their reward, their stateless heaven)) It's Downstairs, Downstairs time.

  • Comment number 2.

    Double Dip, anyone?

  • Comment number 3.

  • Comment number 4.

    Goodness me! Another crisis courtesy of the financial system. PM asks 'Should we worry?' The article above backs the usual Tory-LibDem solution - eschew proper taxation of the rich, cut govt services and so limit borrowing!
    The only experts talking sense over Greece are those saying 'Let them default' and over dodgy banks saying 'Let them fail' Equally we should let this absurd, immoral unjust chaotic financial system crash. Sweep it away and build a new system with equality not profit and power as the aim. Your listeners' worry' about our lives being governed by a wholly inequitable anti-government, purely-for-the-rich, anti-the-majority capitalist financial system.

  • Comment number 5.

    The total VALUE of goods looted compared with the total cost of the WAY they changed hands makes it certain it would have been cheaper to give the stuff away free.
    (That even includes making allowance for excessive mark-ups and what the workers producing and retailing them SHOULD have been paid!)
    There surely must be some CEILING to the amount of money we are prepared to spend on 'security' protecting unsold goods they need from the poor. Inequality is unaffordable.

  • Comment number 6.

    If we're talking riots, DTR(Mac), it wasn't the 'poor' who were doing the looting - the poor cannot afford the Blackberries and other smartphones that were being used to organise the looting. Like many others who don't consider themselves 'poor', I cannot afford smartphones, and I wouldn't riot.

    It is all to easy to label looters as 'the poor', yet it is a smear of the first order to do so.


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