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Originally posted by SIGNYM:
It was a stupid plan made by stupid people.

Truss was going to cut taxes (for the rich) and subsidize energy bills while at the same time cutting other essential services, like health care. At the same time, the BoE (a PRIVATE bank, like our so-called "Fed") was raising interest rates to curb inflation.

That would mean absolutely massive borrowing from the (private) BoE by the British government at elevated interest rates. Bonds issued by the British Treasury were going unsold bc ppl were expecting more interest inflation and even higher interest rates. So the BoE intervened by buying British bonds, but ended it's bind-biying program today. That was to force a change in the government's fiscal policies.

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Originally posted by SIGNYM:
JSF, I can't explain a policy that makes no sense, all I can do is describe it.

The commentariat consistently confuse financialism with the economy. Britain's inflation problem is due to a shortfall in "goods" (in this case, energy). You can't fix a supply problem by screwing around with government spending/taxes (government fiscal policy) or by raising or lowering interest rates (banking sector monetary fixes).

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Originally posted by JEWELSTAITEFAN:
Such a Tax change would throw the economy into reverse, and reduce Tax Revenue - but the Economy was able to hold off by the promise/pledge of newly elected PM Truss that there would be "no new taxes" - which is also what Bush41 promised in 1988.
Now it appears Truss has capitulated to the Libtards, just like Bush41 did in 1990 - which led to the mini-"recession" just in time for the 1992 Election.

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Originally posted by JEWELSTAITEFAN:

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Originally posted by SIGNYM:
JSF, I can't explain a policy that makes no sense, all I can do is describe it.

The commentariat consistently confuse financialism with the economy. Britain's inflation problem is due to a shortfall in "goods" (in this case, energy). You can't fix a supply problem by screwing around with government spending/taxes (government fiscal policy) or by raising or lowering interest rates (banking sector monetary fixes).

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Alright, perhaps you do understand that the policy which makes no sense is raising the income tax rate from 19% to 25%, and the policy which did make sense was cancelling that plan, which was what the voters voted for.
Your prior posts did not clarify that, which made it seem like sloppysecondsbot had hacked your login.

Obviously, the jam they are in was caused by long term fiscal irresponsibility on the part of their government, and drastic steps needed to be taken to correct the problem, which was what their election campaign promised and was rewarded for with a victory.
But now, they have decided to just kick the can down the road, further making their mismanagement even worse. If they really continue this way, they may not be able to recover. Will the King need to step in and take back control of the country from the Unwashed Libtard Lemmings?

When I heard about Truss caving in to the Anti-austerity wimps, I wondered if England is suddenly ruled by modern Greeks?

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Originally posted by 6IXSTRINGJACK:
It's a shame. We seemed to have plenty to go around 2 years ago.

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Falsus in unum, falsus in omnibus

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Originally posted by 6IXSTRINGJACK:
Well... I'm doing my part. Rounding up by probably quite a bit, I'm responsible for no more than 100 gallons in a year, and that's including my lawnmower and leaf blower.

The only problem is everything else costs more because of the shipping costing more. I don't buy much of that either, but everyone needs food.

Fortunately for now I've been able to buy cheap and in bulk and haven't been too effected by it, but there honestly is not much else that can be cut out of my budget if things ever got serious and inflation doesn't at least level out. I still have a lot of beef, but in the last month I haven't seen anything close to what I'd paid for it the last time. Same with coffee. Rice and vegetables at least haven't spiked by me, and dairy has actually come down quite a bit from the peak a few months ago.

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Falsus in unum, falsus in omnibus

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Originally posted by Jongsstraw:
The wifey and I went to a diner in Aventura for breakfast the other day. We just had a "regular" breakfast with scrambled eggs, meat, toast, and coffee. The bill with tip came to $ 47.00. Does that seem right to you?

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Originally posted by SIGNYM:

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Originally posted by 6IXSTRINGJACK:
Well... I'm doing my part. Rounding up by probably quite a bit, I'm responsible for no more than 100 gallons in a year, and that's including my lawnmower and leaf blower.

The only problem is everything else costs more because of the shipping costing more. I don't buy much of that either, but everyone needs food.

Fortunately for now I've been able to buy cheap and in bulk and haven't been too effected by it, but there honestly is not much else that can be cut out of my budget if things ever got serious and inflation doesn't at least level out. I still have a lot of beef, but in the last month I haven't seen anything close to what I'd paid for it the last time. Same with coffee. Rice and vegetables at least haven't spiked by me, and dairy has actually come down quite a bit from the peak a few months ago.

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Falsus in unum, falsus in omnibus

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you're obviously not the problem!

When our old car was ready to bite the dust we decided to get a Honda Fit. It's the perfect car for running errands. It has a continuously variable transmission (CVT) which keeps the engine in itsmost efficient rpm range. Along with a light weight and efficient engine it can get 25+mpg driving in the city and 45+mpg on the highway.

But Honda stopped selling them in the USA.

Why?

Low sales. Americans want big SUVs and pickup trucks, and American firms are willing to sell them bc they make more profit on them.

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Pity would be no more,
If we did not MAKE someone poor - William Blake

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Originally posted by 6IXSTRINGJACK:

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Originally posted by SIGNYM:

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Originally posted by 6IXSTRINGJACK:
Well... I'm doing my part. Rounding up by probably quite a bit, I'm responsible for no more than 100 gallons in a year, and that's including my lawnmower and leaf blower.

The only problem is everything else costs more because of the shipping costing more. I don't buy much of that either, but everyone needs food.

Fortunately for now I've been able to buy cheap and in bulk and haven't been too effected by it, but there honestly is not much else that can be cut out of my budget if things ever got serious and inflation doesn't at least level out. I still have a lot of beef, but in the last month I haven't seen anything close to what I'd paid for it the last time. Same with coffee. Rice and vegetables at least haven't spiked by me, and dairy has actually come down quite a bit from the peak a few months ago.

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Falsus in unum, falsus in omnibus

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you're obviously not the problem!

When our old car was ready to bite the dust we decided to get a Honda Fit. It's the perfect car for running errands. It has a continuously variable transmission (CVT) which keeps the engine in itsmost efficient rpm range. Along with a light weight and efficient engine it can get 25+mpg driving in the city and 45+mpg on the highway.

But Honda stopped selling them in the USA.

Why?

Low sales. Americans want big SUVs and pickup trucks, and American firms are willing to sell them bc they make more profit on them.

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Pity would be no more,
If we did not MAKE someone poor - William Blake

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Yeah... It's stupid.

But I can't really judge too much there. I've regretted buying the Big house for a decade now when there was a perfectly small house with a small lawn I could have gotten for around the same price. Now I'm stuck with 4 bedrooms and 2 bathrooms to clean, a few years left of rehab, a lawn that takes 2 hours to mow and a lot of rooms that I never use that get heated and cooled for no good reason.


But for cars though, I wouldn't really want a small car unless everyone was already driving them too. I see those "Smart" cars on the road sometimes and I'd just feel like a bug waiting to be squashed while driving on the expressway in one of those. Not a chance.

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Falsus in unum, falsus in omnibus

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Originally posted by SIGNYM:
Well, "back in the day" they built houses for bigger families. Maybe some day you'll sell your house to a nice family with 2.1 children and grandma, who can use all of that space.

But yanno, families have downsized a bit. The currently built homes should be about maybe 2000 sq ft with 3 bedrooms and 2 baths. So what's the excuse for the McMansions going up all over the place, with 2-story entryways that belong to a bank, not a family home?

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