Looks like the UK is in more trouble than us!
Benefit payouts will exceed income tax revenue - TelegraphThe stark evidence of the growing imbalance between what the Government raises and what it spends is likely to intensify the political row over the public finances and may strengthen calls for cuts in spending.
Treasury figures show that welfare payments will exceed income tax receipts by almost £25 billion. Normally, income tax receipts comfortably cover the benefits bill.
I'm hoping that America's soon-to-be rising tide comes in soon and lifts all boats.
"Unless you are an absolute pacifist, then you acknowledge that there are times when taking up arms is appropriate."
- cactusflower
The US tide is out and will be staying out for the along time.They are as broke as us,Britain and half of Europe.The fun is only starting this debt building started over 10 years ago and you can't wipe it out in six months,things are going to get worse .The Lu-la's that got people into this mess are now saying they can get them out ha ha ha.
Originally Posted by fergalr
A champion of the people emerges with the age-old and appealing promise of "something for nothing" - to be financed through every-increasing taxes. Supply and demand are thrown out of gear - the overhead goes up; the effective use of human energy goes down; the standard of living is lowered because money cannot buy wealth that is not produced.
WEAVER, HENRY GRADY,
I would not like to be dependent on social welfare in the UK or here. Politically it will not wash paying the dole if it becomes painful to pay the bill for those working.
Try taxing someone on the minimum wage and telling him it is to pay his next door neighbour the dole.There is little income difference between them.
We may be heading for american type welfare if this keeps up. I better get a handgun before the ban comes it.
Clearly, sales of hallucinatory drugs are still robust.
lol!!
Sooner it happens the better as too many people believe the state owes them a living while contributing nothing to it.
1 year dole, 1 year assistance and after that assistance drops by 33% per year.
Even to me, that sounds a tad harsh.
Why ?
You have 2 years effectively before benefit starts to drop.
Why should taxpayers subsidise someone for over 2 years ?
What if a person is genuinely looking for work and there is nothing available?
I ain't gettin' on no plane
LinkBack URL
About LinkBacks
Reply With Quote