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Old 10-12-2011, 07:11 AM   #34 (permalink)
Arragonis
The PRC.
 
Join Date: Oct 2009
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Quote:
Originally Posted by cfg83 View Post
Arragonis -

My Dad was studying national debts of different countries and his conclusion was that all democratic countries go into debt. If you want to get elected, you're not going to promise more taxes.

CarloSW2
Our current government did just that, albeit temporary ones to allow them time to implement public sector spending cuts. This has been enough to stop us losing our AAA rating and not even being at risk of losing it so far.

Temporary taxes tend to end up being permanent (income tax was introduced in the UK to fund a war against Napoleon, and its been there ever since) and the cuts are not reducing our debt, just slowing down it's rate of increase. Arguably also the cuts are in the wrong places.

Despite what I tapped earlier about behaviour being unchanged, one thing I have noticed from a few days travelling around is more people travelling slower - following trucks and so on. Its almost as if you need to fight to get a place just behind the truck However overall traffic levels seem no lower.
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