David Cameron's new Benefits

Don't want to derail this thread so am starting a new one aimed at the banking system.

 

thats not like you Ziggy

 

If that continues it'll mean a lot more than a couple of hundred thousand under 25's losing their housing benefit.

 

I pressed 'like' although I'm not at all sure that is the correct response. There it is, in a nutshell. No tax revenue means no money for benefits and no point in arguing over who should get what.

 

That £14.8bn shortfall in just one month is £177.6bn p.a. so the £1.8bn estimated saving from cutting housing benefit to under 25's is only 1/99th of the amount of savings required at the moment, plus more if the economy continues into deeper recession. So the other £10bn of savings from proposed benefit will be nowhere near enough to make good the shortfall. So what is cut next - old age pensions, free schools, free NHS, etc?

 

Yes. It's scary. The welfare state is basically bust, but no one wants to admit it. I think we will have to become more like the US. I don't see any other choice.

 

They're in almost as much doo doo as the UK:

http://www.usdebtclock.org/world-debt-clock.html

 

aye take a lookie see
http://www.bbc.co.uk/news/world-us-canada-18605326

 

that is really scary to watch

 

Who isn't in debt then?. Looks as though everyone - including "the great,the good and the ugly" is.
Pandora's box out of control.
Money is the root of all evil.
I'm happy to be poor but innocent.

 

'Money is the root of all evil.'

Interesting how we all adapt that little ditty. It's really the love of money that is the root of all evil. But we all tend to foist the blame onto the currency itself.

It feels as though we are all on the brink of something. Possibly the realisation that 'living in poverty' doesn't mean going without a flat screen tv or a holiday, but existing without basic food and shelter. My mum can remember going to school with kids who had bits of cardboard tucked into their shoes to patch the holes in the soles. It wasn't very long ago, and it was in relatively benign old Bromley. Somehow we have got extremely greedy in a very short space of time.

 

Couldn't agree more Claralou. Seriously,I feel blessed that I have never been addicted to the MUST HAVE ideology.
A Chinese saying - something like "the poor man who is contented with his lot is richer in spirit that the rich man always unhappy because someone has more"
Oh yes - the so called "love " of money is about the world's greatest evil now.

 

Your Mum had it easy. My Mother's siblings had to walk to school then send 'their' shoes back with my unemployed Grandfather so the next one could walk to school. Then this procedure was repeated at the end of school.

 

Here we go...... why, when I were a lad.....