Nov 10th Nationwide public sector strike.
The problem we dont have enough public money to pay for the pensions of people whove already retired and we cant offer the same pensions and retirements to those who expect the same as that offering in the past.
this will eventually just lead to redundancy’s
as basically were living beyond our actual economic means, most of the value of the country has been pushed into overvalued house prices and public sector jobs, and exported to foreign companies. To little of exportable or actual tangible economic value is being generated, hence the slow withdrawal of the money that is finding/distilling its way into fewer and fewer international corporate hands, who’ve had most of the benefit of the value increase in things, since the privatisation period of the 80’s, sadly if we correct the books and become fiscally prudent and prop up and reinforce the idea of value in our currencies, preventing inflation or currency collapse, it would involve pay freezes for generations or axing large swathes of public services, take your pick and then no-one in those sectors can really afford a family life in britain. so whichever way living standards are getting worse or unemployment higher.
go watch the film : a trillion pound horror story
And tell me if you think 46% of the population can afford to pay taxes, to support the other 54% of the population ?
This isn’t just a standard situation, where union hardball tactics will work, this time it will be, deal with NO or redundancy’s and further economic collapse will ensue, the only people who can afford to negotiate for protection of pensions and increase to salarys etc, are those people who understand totally the finances of the business they work in and know that theyre is room for such increases, public sector workers just assume taxpayers will always fold, and accept rolling more debt onto the national debt pile, but soon the debt will get to the runaway point whereby we can’t pay the interest even and once that day arrives we’re totally fucked as a nation, currency devaluation inflation, all savings will become diminished so the increase in wages you went for will be worthless, because the money you get extra will be worth less, than the amount before the increase overall.
I mean if were prepared to write off / default on the National debt Pile then fine we can get back to economic growth, but otherwise the debt is going to cripple us slowly, then kill us, devaluing our currency, making any savings pointless. People will pile into a property bubble to retain some value, then no-one will be able to buy property, worse than the state were in now, and there will be a property collapse and then all the remaining value will dribble away and the open border european policy will mean that any remaining wealthy non debt laden cultures in europe will come in and clear up.
this situation has to be very carefully judged to avoid the bad possible outcomes, this strike wont acheive anything.
The state has been wasting our money for decades. Weak politicians have bribed voters with endless amounts of borrowed cash. As a result, in 2010 the interest on the national debt will cost £42.9 billion a year. That’s more than we spend on defence, and not much less than the entire education budget. £900billion and counting, some estimates the total debt at £4.8 trillion.