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Title: 'Right-wing nutters': Vince Cable condemns threat by U.S. politicians over world economy
Source:
Daily Mail Online
URL Source: http://www.dailymail.co.uk/news/art ... politicians-world-economy.html
Published: Jul 25, 2011
Author: Jason Groves
Post Date: 2011-07-25 07:53:03 by Sebastian
Keywords: None
Views: 3452
Comments: 18
Coalition tensions over Britain’s flagging economy were laid bare yesterday as Vince Cable warned that ‘Right-wing nutters’ were threatening a fresh financial meltdown. Official figures out tomorrow are expected to show Britain’s economy stagnated in the second quarter of this year, with growth falling to as little as 0.2 per cent. In an extraordinary outburst, the Business Secretary accused Republican politicians in the U.S. of sabotaging recovery by opposing tax rises to help cut America’s budget deficit. Mr Cable told the BBC’s Andrew Marr show: ‘The irony of the situation at the moment is that the biggest threat to the world financial system comes from a few Right-wing nutters in the American Congress rather than the Eurozone.’ The Liberal Democrat’s emotive language comes at a time when the world is in shock at the murderous killing spree in Norway perpetrated by a Right-wing fanatic, and is likely to spark anger in the U.S. But his questionable choice of words highlighted conflict within the Cabinet over the best way to kick-start the struggling economy. Chancellor George Osborne has given the strongest hint yet that he wants to scrap the 50p tax rate, while Mr Cable is calling on the Bank of England to start printing money again. Former Tory Chancellor Kenneth Clarke yesterday described the U.S. debt crisis as ‘the next big iceberg coming towards us’. Congress has just days to agree a budget deal to begin to tackle America’s debt mountain before the U.S. Treasury runs out of money. Last night American politicians scrambled to reassure global markets the country would avert a debt default, but the two sides gave no sign they were moving closer to a deal. Republicans have insisted that President Obama agree to deep spending cuts for long-term deficit reduction before they approve any increase in America’s debt burden. Treasury Secretary Timothy Geithner said it was imperative to construct a deal that will get the country into 2013. ‘It’s unthinkable that this country will not meet its obligations on time,’ he said. Mr Cable yesterday acknowledged that economic growth was ‘not great’. In a highly unusual move he suggested the independent Bank of England should resume pumping billions of pounds into the economy to prop up flagging consumer confidence. Many Tories fear the policy of ‘quantitative easing’ – or printing money – will fuel inflation. Mr Osborne, meanwhile, hinted that he wants to scrap Labour’s controversial 50p tax on people earning more than £150,000 a year to help boost the economy. The move would provoke an immediate row with the Lib Dems, who believe the top tax rate is an essential symbol that the rich are being asked to do their bit in tackling the deficit. Mr Osborne insisted the Government would ‘stick to our plan to tackle Britain’s debts’ regardless of the growth figures in order to prevent a Greek-style financial meltdown. He added: ‘For every pound of regulation and every pound of welfare spending, there’s a pressure group arguing for it. ‘But if we’re going to hold our own against China and India, we’ve got to start to say “no” to things we cannot afford.’ Mr Osborne will today unveil details of the largest-ever trade deal between the UK and India as evidence that the Coalition’s new emphasis on trade is working. The oil and gas deal involving BP could eventually be worth £12billion. A survey of 1,800 companies for Lloyds TSB today suggests that prospects for the economy remain ‘fragile’, with the recovery expected to remain ‘sluggish’.
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#1. To: Sebastian (#0)
The debt ceiling should never be raised again. NEVER.
But to hear the IMF, Fed, pundits, et al, we have borrowed and squandered so much of our future wealth that the only solution is to borrow and squander more. Makes perfect sense to loons.
They are worse then loons. They are loons with power.
And not a lick of sense.
An alternate view is that they have sense but are evil and hate Americans.
The loons hate everything, themselves most of all (for excellent and obvious reasons). They simply project that hatred on anything that moves. The American middle class just happens to be their latest target. They don't have sense, just lunatic reactions.
You filthy loons need to realize that the raising of the debt is to pay for money already spent. It is teh credit card bill come due. It is not new spending. And if it is not paid - for the first time in America's history - the middle class will bethe one that will be destroyed by the fall out.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
Uh, shouldn't that be done before it's squandered? After all, if it's already borrowed and squandered and the debt ceiling did not need to be raised for that borrowing and squandering, why raise it now? Why not just start living within our means, you know, spend no more than we take in? Or are you saying, we spent the money before we borrowed it?
What are you, stupid? Did you just not understand? This money is money that was already spent from the lenders who lent America the money based on our sacred word we would repay them with interest. Now you GOP nutters are going commie like the USSR under Lenin did and decline to repay the loans back?
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
how many more examples of the impact of cutting spending in a weak economy do conservatives need before they accept reality?
Tagline for sale - inquire within
Ronald Reagan, who signed 17 increases in the deb ceiling, would disagree.
Tagline for sale - inquire within
The situation if far worse today. It doesn't matter what Reagan would or would not do. The deficit is far worse now then it has ever been. You liberals will always have an excuse to do it later. It shows that you liberals are not serious about the debt. In fact if liberals hadn't passed all these entitlement programs there would be no deficit. None zilch. Liberals screwed up America.
And not a lick of sense. I'm sorry I just don't buy it. This parliament of whores on the Potomac knows EXACTLY what they are doing, and they don't care. They care more about what is good for themselves and their political party than they do for what is good for the American people and America. They aren't bumbling fools, they are rapacious criminals engaged in sacking and destroying the economy of this nation. They are the enemies of America and the American people. They need to do HARD time for what they have done. Yeah THAT'S going to happen! /NOT
Spoiled, stupid and ignorant, brain dead phuckwads, libTURD fools, tools, and idiots, are the real sickness; the messiah "king" obammy and his regime are only the symptoms.
Ronald Reagan, who signed 17 increases in the deb ceiling, would disagree goat69, That's the thing about you libTURD MORONS. Just because something was done over TWENTY years ago doesn't mean it's the proper action NOW fool. Not to mention FOOL that the demonRAT CONgress NEVER kept any "promise" that it made to him to CUT spending. You see scum you libTURDS have always been lying SCUM. You see scum, it's libTURDS who spent us into this hoile. It is YOUR little failed man child messiah "king" obammy who has cluster fucked OUR economy you gibbering libTURD whore TOOL. It's ALL the libTURDS. ALL of it. And bitch, if you think you can dodge this, this coming November you better buy a F ing clue. EVERYBODY, (including even YOU whore), knows by now, that your little failed man child messiah 'king" obammy is a LYING SACK of SHIT. EVERYBODY, (including even YOU whore), knows in their bones that this FRAUD obammy is beyond his depth. He is incapable of speaking the truth. He is a racist anti-America POS. See YOU libTURD cunts in NOVEMBER. SAVE AMERICA! Send the little failed man child messiah "king" obammy back to Kenya or wherever! libTURD SCUM
Spoiled, stupid and ignorant, brain dead phuckwads, libTURD fools, tools, and idiots, are the real sickness; the messiah "king" obammy and his regime are only the symptoms.
Yep, the D&R's. Whenever the dems need votes in congress to F' America, they can count on the Republicans.
Obama's watch stopped on 24 May 2008, but he's been too busy smoking crack to notice.
. You will please note that I said "libTURDS" not any specific political partee. I have no problem with traditional honest decent Democrats. It's these communist "Hate America FIRST!" scum that I despise, and I don't give a rat's peetoot what partee they claim to be a member of. You see AMERICA is more important to me and MOST Americans than any political partee. It's the gibbering libTURDS wingnuts who are our problem here in America, (and elsewhere in this world). There will be a "settlement" sooner or later. I fear the time when words are not enough. (Part of my family was from Kansas, "Bloody Kansas" is something that affected ALL of the people of the country prior to the first "Civil WAR" or "WAR between the states"). Steel does not care who it cuts. All men bleed. Almighty GOD, I pray that you do NOT allow WAR to come to pass here in the USA. Amen.
Spoiled, stupid and ignorant, brain dead phuckwads, libTURD fools, tools, and idiots, are the real sickness; the messiah "king" obammy and his regime are only the symptoms.
Now you GOP nutters are going commie like the USSR under Lenin did and decline to repay the loans back? You go, girl!!!
No it isn't: The GOP leadership voted for Medicare Part D. You seem to want to ignore that, but go check the record - Ryan, Boehner, McConnell, Cantor, ALL supported the biggest liberal program in the last 30 years.
Tagline for sale - inquire within
#2. To: A K A Stone (#1)
The debt ceiling should never be raised again. NEVER.
#3. To: Sebastian (#2)
Makes perfect sense to loons.
#4. To: A K A Stone (#3)
They are loons with power.
#5. To: Sebastian (#4)
#6. To: A K A Stone (#5)
An alternate view is that they have sense but are evil and hate Americans.
#7. To: Sebastian, A K A Stone (#6)
hey simply project that hatred on anything that moves. The American middle class just happens to be their latest target.
#8. To: Godwinson (#7)
raising of the debt is to pay for money already spent
#9. To: Sebastian, go65 (#8)
Uh, shouldn't that be done before it's squandered?
#10. To: Sebastian, jwpegler (#0)
Official figures out tomorrow are expected to show Britain’s economy stagnated in the second quarter of this year, with growth falling to as little as 0.2 per cent.
#11. To: A K A Stone (#1)
The debt ceiling should never be raised again. NEVER.
#12. To: go65 (#11)
Ronald Reagan, who signed 17 increases in the deb ceiling, would disagree.
#13. To: Sebastian, A K A Stone (#4)
They are loons with power.
#14. To: go65, A K A Stone (#11)
The debt ceiling should never be raised again. NEVER.
#15. To: Mad Dog (#14)
it's libTURDS who spent us into this hoile.
"We (government) need to do a lot less, a lot sooner" ~Ron Paul
#16. To: hondo68 (#15)
#17. To: Godwinson (#9)
What are you, stupid? Did you just not understand? This money is money that was already spent from the lenders who lent America the money based on our sacred word we would repay them with interest.
#18. To: A K A Stone (#12)
The deficit is far worse now then it has ever been.
You liberals will always have an excuse to do it later. It shows that you liberals are not serious about the debt. In fact if liberals hadn't passed all these entitlement programs there would be no deficit. None zilch. Liberals screwed up America.
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