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From: Ed Chilada on 23 Jul 2010 04:30
On Thu, 22 Jul 2010 22:55:35 -0700 (PDT), FrengaX
<hnkjqrh02(a)sneakemail.com> wrote:

>As Oxfordshire CC are demonstrating?
>
>"Speed cameras fall victim to spending cuts"
>Speed cameras in Oxfordshire are set to be switched off because of
>Government spending cuts.
>
>More: http://www.telegraph.co.uk/motoring/news/7905373/Speed-cameras-fall-victim-to-spending-cuts.html

They're only self funding if people continue to be caught by them.
Perhaps people in that area have wised up.

From: GT on 27 Jul 2010 06:19
"Chelsea Tractor Man" <mr.c.tractor(a)hotmail.co.uk> wrote in message
news:9wvvacslpipv.1qjkdwn7x1tde.dlg(a)40tude.net...
> On Tue, 27 Jul 2010 10:44:36 +0100, GT wrote:
>
>> If only labour hadn't spent all the
>> money and then borrowed more than we can afford to pay back, we wouldn't
>> be
>> in this mess!
>
> You may have noticed that the recession is happening in a number of
> countries and was triggered by an international banking crisis.

Yes I spotted that one - pity the chancellor (Mr Gordon Brown) didn't see it
coming!

> Thinking
> its down to a political party in one country isn't realistic, not to
> mention the cuts being made go way beyond what is needed. If you think
> otherwise have a read of recent copies of the Financial Times - who worry
> about triggering more recession by excessive ideological cutbacks.

Why would you suggest that anyone would think the recession is down to one
party in one country? My point was that in hard times, one shouldn't spend
more money that one has and after one has spent all the money, one shouldn't
borrow more money that you can't afford to pay back! If an individual did
this, they would be declared bankrupt and have trouble financing anything
for many years! This is effectively, in simply terms, what happenned to
Greece and what the new government is trying to avoid for us!


From: boltar2003 on 27 Jul 2010 06:32
On Tue, 27 Jul 2010 11:27:00 +0100
Chelsea Tractor Man <mr.c.tractor(a)hotmail.co.uk> wrote:
>you spotted it coming? Nobody else did. That includes the US rating
>agencies who allowed to crisis in sub primes to occur and now tell us how
>much we should borrow, as if they are competent. If you are already in a
>recession cutting expenditure too much is dangerous.

Its a commonly held view in the City that the people who work at ratings
agencies are the ones who weren't good enough to get jobs at investment
banks. Possibly an unfair view , I don't know, but given how bad the agencies
were at rating CDOs it could be a valid one.

B2003

From: Mr. Benn on 27 Jul 2010 06:51
"Chelsea Tractor Man" <mr.c.tractor(a)hotmail.co.uk> wrote in message
news:9wvvacslpipv.1qjkdwn7x1tde.dlg(a)40tude.net...
> On Tue, 27 Jul 2010 10:44:36 +0100, GT wrote:
>
>> If only labour hadn't spent all the
>> money and then borrowed more than we can afford to pay back, we wouldn't
>> be
>> in this mess!
>
> You may have noticed that the recession is happening in a number of
> countries and was triggered by an international banking crisis. Thinking
> its down to a political party in one country isn't realistic, not to
> mention the cuts being made go way beyond what is needed. If you think
> otherwise have a read of recent copies of the Financial Times - who worry
> about triggering more recession by excessive ideological cutbacks.

The UK debt is far higher than in most other EU countries and that in part
is due to the irresponsible borrowing by the previous administration. It
was made much worse by the international crisis.

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