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Osborne admits UK never had the biggest debt -‬ Must Read & Watch! - Betrayal & Treachery in our Time! ‪

Osborne after saying the UK had the biggest debt in the world since 2008 finally gets caught out like a school boy. He admits he did not know the UK had the lowest debt. So the question is: if he did not know the UK had the lowest debt, why has he been saying so since 2008 telling the UK public, city bankers and bankers at Davos? Well thats quite obvious.

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james's comment, March 17, 2012 4:39 PM
all of those countries are a lot bigger then us this means that they have more citizens and less amount of contributions per head, thats simple maths.
Steve's comment, March 23, 2012 6:48 AM
They are talking about the size of the debt as a proportion of GDP, so the size of the economy is already taken into account - that's the simple maths...
Charlesp's comment, March 24, 2012 8:02 PM
George Osborne and the Conservatives have no shame trying to pull the wool over peoples eyes. He is talking about cash terms like a child instead of deficit or debt as a proportion of GDP to measure like for like against other countries. Quite simply the UK is the 6th largest economy in the world. Hence, in cash terms we would have the largest deficit than other countries below us. Just like a millionaire would have a larger debt than a person who earns 15k per year. Economist measure use percentages or ratio's not cash terms like a child.If George is an economist he would know this. Hence we can conclude that the Conservatives use cash terms to deliberately mislead people.I won't vote conservative again as they have destroyed consumer and business confidence by peddling this lie 24/7 a thousand times a day. Read the article opposite.
Finally! The IMF, OECD & even #Osborne admits the last Govt didn't cause the deficit or overspend.
Bank Crises Deniers- Are deluding themselves if they still think the last goverment created the deficit and the global credit crunch.
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Finally! Exposed! The Deficit Myth! So, David Cameron When Are You Going to Apologise?

Finally! Exposed! The Deficit Myth! So, David Cameron When Are You Going to Apologise? | Finally! The IMF, OECD & even #Osborne admits the last Govt didn't cause the deficit or overspend. | Scoop.it
As a Conservative I have no pleasure in exposing David Cameron's deficit claims. However, as long as the party continues to talk down the economy via the blame game, confidence will not be given an opportunity to return.
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JudyHalle's comment, September 7, 2013 1:19 AM
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David Cameron, I've Got You by the Ed Balls!

David Cameron, I've Got You by the Ed Balls! | Finally! The IMF, OECD & even #Osborne admits the last Govt didn't cause the deficit or overspend. | Scoop.it
As an economist, an advocate of free market economics, a Conservative and a patriot I have been shocked and appalled by the unpatriotic and treacherous strategy pursued by this Conservative Party.
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Fact: Our Debt Ratio was Higher During Tory Years Than it is Now

Fact: Our Debt Ratio was Higher During Tory Years Than it is Now | Finally! The IMF, OECD & even #Osborne admits the last Govt didn't cause the deficit or overspend. | Scoop.it

Osborne and the Tories have told people 24/7 a 1000 x a day that the last govermet have left the highest recorded debt in History- Really!?

 

FACT:UK debt ratio was higher during Tory years than it was during labour yrs. The debt as percentage of income (GDP) was higher during Tory years  at 44% in 1979 to 43% in 1997 when they left office- yet no one at that time was shouting look look!! the sky is falling down!! However, when the debt fell to 35% in 2008 the Tories started to shout 24/7 a 1000 time a day: Look look!! the sky is falling down!!! Hmmm I wonder why ?

 

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#Osborne & #Tories have talked down the economy & destroyed consumer & business confidence.

#Osborne & #Tories have talked down the economy & destroyed consumer & business confidence. | Finally! The IMF, OECD & even #Osborne admits the last Govt didn't cause the deficit or overspend. | Scoop.it

The role of a minister is to do no harm and yet the members of this coalition government seemed intent on badmouthing economy into economic crisis.

 

I wonder why?  Was it to scare the public to vote them into office and there after to destroy consumer and business confidence to bring about an even deeper recession to justify their policies and cuts- which they would have carried regardless as they were in the conservative manifesto.

 

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#Tories inherited a growing economy but they've talked it down & now its sinking!

#Tories inherited a growing economy but they've talked it down & now its sinking! | Finally! The IMF, OECD & even #Osborne admits the last Govt didn't cause the deficit or overspend. | Scoop.it

Contrary to the coalition government's spin, the economy was recovering nicely under the last Labour government.This novice Chancellor who has proven himself a failure and a economic illerate can try to rewrite economic history of the last goverment but unfortunatley he can't rewrite the numbers-the numbers never lie. The numbers reveal he is deliberately misinforming the country in order to carry out the Tory idiological policies.

 

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#Cameron and The #Tories and key contacts at the BBC have talked down the economy!

#Cameron and The #Tories and key contacts at the BBC have talked down the economy! | Finally! The IMF, OECD & even #Osborne admits the last Govt didn't cause the deficit or overspend. | Scoop.it

We have all heard the following sound bites and narrative by coalition ministers: The UK have the biggest debt and deficit in the whole of the world, universe and Cosmos. Labour left the worst financial mess ever in history. If we don't reduce our spending we will end up like Greece going to the IMF and paying extortion interest?

 

Now ask yourself what message do you think the Tories are trying to convey? How do feel about the future? Do you think you should change your plans or think about changing your spending pattern and saving patterns?

 

If your like most people you'll feel fearful and be uncertain about your future and its a given like most people you'll have reduced the spending- because of the house wife narrative etc.

 

Be in no doubt people this is talking down the economy and its has scared the living daylights out of people. Now read the article to find out whats really going on and why.

 

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FACT:1979 National Debt 44% of GDP & then 1997 Debt was 42% of GDP. It took the Tories 18 yrs to cut debt by "ONLY" 2% -What!?

FACT:1979 National Debt 44% of GDP & then 1997 Debt was 42% of GDP. It took the Tories 18 yrs to cut debt by "ONLY" 2% -What!? | Finally! The IMF, OECD & even #Osborne admits the last Govt didn't cause the deficit or overspend. | Scoop.it

FACT: In 1979 the then Thatcher goverment inherited a national debt of 44% of GDP & then in 1997 they left office with a debt level of 42% of GDP. It took the Tories 18 yrs to cut debt by "ONLY" 2% -What!?

 

It took the last goverment half the time to cut the debt by 7%- That is 42% of GDP to 35% of GDP- yet with debt at 35% they were shouting the sky was falling down!

 

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Exposed! Osbornomics Via Childish Proverbs, Idioms, Soundbites, Tricks and Utter Bollocks!

Exposed! Osbornomics Via Childish Proverbs, Idioms, Soundbites, Tricks and Utter Bollocks! | Finally! The IMF, OECD & even #Osborne admits the last Govt didn't cause the deficit or overspend. | Scoop.it
Its quite hilarious how George Osborne passes off proverbs and idioms as economic fact. What is more surprising is his use of childish tricks to mislead the country.
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Osborne admits UK never had the biggest debt -‬ Must Read & Watch! - Betrayal & Treachery in our Time! ‪

Osborne after saying the UK had the biggest debt in the world since 2008 finally gets caught out like a school boy. He admits he did not know the UK had the lowest debt. So the question is: if he did not know the UK had the lowest debt, why has he been saying so since 2008 telling the UK public, city bankers and bankers at Davos? Well thats quite obvious.

more...
james's comment, March 17, 2012 4:39 PM
all of those countries are a lot bigger then us this means that they have more citizens and less amount of contributions per head, thats simple maths.
Steve's comment, March 23, 2012 6:48 AM
They are talking about the size of the debt as a proportion of GDP, so the size of the economy is already taken into account - that's the simple maths...
Charlesp's comment, March 24, 2012 8:02 PM
George Osborne and the Conservatives have no shame trying to pull the wool over peoples eyes. He is talking about cash terms like a child instead of deficit or debt as a proportion of GDP to measure like for like against other countries. Quite simply the UK is the 6th largest economy in the world. Hence, in cash terms we would have the largest deficit than other countries below us. Just like a millionaire would have a larger debt than a person who earns 15k per year. Economist measure use percentages or ratio's not cash terms like a child.If George is an economist he would know this. Hence we can conclude that the Conservatives use cash terms to deliberately mislead people.I won't vote conservative again as they have destroyed consumer and business confidence by peddling this lie 24/7 a thousand times a day. Read the article opposite.
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Revealed! #Osborne's structural deficit conjuring trick- Now you see it, now you don't!

Revealed! #Osborne's structural deficit conjuring trick- Now you see it, now you don't! | Finally! The IMF, OECD & even #Osborne admits the last Govt didn't cause the deficit or overspend. | Scoop.it

COLUMNIST: "The concept of a structural budget deficit is unhelpful, misleading and irrelevant.  The idea of a structural deficit serves a political rather than analytical function. It's a pseudo-scientific concept which serves to legitimate what is in fact a pure judgment call - that borrowing needs cutting"

 

George Osborne could like his predecessors try to reduce the "Actual Budget Deficit" but that would not serve his political idiology or needs. Instead out of nowhere he bring up the dubious and elusive "Structural Deficit" debate- which has to be calculated and more over there are three way to calculate it. In other words its not a real actual deficit its a guestimation which is a higher figure to serve his needs to justify deep and fast cuts. Enjoy the read- Now you see it, now you don't

 

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#Osborne's policies have failed. He's talked down the economy & now it is sinking

#Osborne's policies have failed. He's talked down the economy & now it is sinking | Finally! The IMF, OECD & even #Osborne admits the last Govt didn't cause the deficit or overspend. | Scoop.it

Are we to believe the Tories did not know the consquences of spinning their economic horror stories constantly on every given occassion? No, these people are not ignorant and they know its line which all political leaders around the world do not cross. No matter how ill their economy become politicians will carry on painting a postitive picture because, they know the effects and consquences it will have on its economy and their people. So I tell you in all candor the Tories knew what they were doing and what would happen to the economy if they carried on talking the economy down.

 

Its bad enough to scare voters to get elected but to carry on for a futher two years is unjustifiable unless you are wilfully intent in destroying consumer and business confidence to prolong a deeper recession. Its the same as declaring economic war on the people! Its unpatriotic and an act of treachery!

 

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The Tories inherited a growing economy in 2010, they've talked it down 24/7 & now its sinking!

The Tories inherited a growing economy in 2010, they've talked it down 24/7 & now its sinking! | Finally! The IMF, OECD & even #Osborne admits the last Govt didn't cause the deficit or overspend. | Scoop.it

 

If the Tories hadn't carried on talking down the economy then may be the UK may have carried on growing from its level of 1.2%% in the 2nd quarter in 2010.

 

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The Power of Conformity - Is that what you really think or is that what they want you to think ? V

Its human nature and its psychological proven fact: we humans are a social animal and we seek other peoples approval by showing them we are just like them.

 

Hence, it follow if everyone is saying the same thing we naturally have a tendency to agree with everyone else. Following the crowd is the easiest and safest option- we have less chance of look foolish or the odd one out having a different opinion from everyone else. After all, they can't all be wrong. Yes its safe to say we have the need to be liked and like everyone else and not be in the minority. In general we are conformists. Even the non-conformists are conform to other none-conformists. Ask your self who do you follow on Facebook or Twitter? The answer will be in general you follow other people like yourself who have similar interest and opinions. 

 

Call it a human flaw if you wish but this flaw has been exploited by Cameron and co via the help of his buddies in the media- by giving the impression that "everyone" knows and its a given fact that the last goverment created the financial mess, deficit and they created biggest debt and deficit in the whole wide universe. This a not a knew strategy by the Tories. No, it was last exploited by Thatcher and her friends in the media by constantly telling us the people want or believe a certain thing and the people expect and want us to do this that another etc etc. Its not a technique they invented either- they stole the idea from a gang of unsavery characters in the 1930's- there are no prises for guessing who.

 

People in the media like to sanatise it by calling it spin but does it really matter how they label it when the technique and its intended results are the same- to conform to a opinion in order to sell their policies.

 

"Is that what you really think or is that what they want you to think?"  V

 

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