Is it Time to get out of the EU?

[leefer]

Well i see Mr Cameron agreed to give Pakistan £650 million in aid to build schools over the next five years on his little face saving jaunt the other day,now it being Pakistan isn't the issue,could be Norway for what it is worth,my gripe is that we can't fund our own local services but at a drop of a hat we can pledge astronomical money to a country who has just spent over a billion on new warships from China!

You couldn't make it up.

[Simon Pieman]

Osbourne has got us out of it, but only from 2013.

E: The bailout fund that is.

[Summerof69]

Would you continue to give money to a company if that company won't have their accounts signed off due to fraud?

No....Well we still give money due to the EU despite them not having their accounts signed off due to fraud. In fact, if it was a company there would've been a criminal investigation by now.

The sooner we get out the better, but there is too many politicians on the gravy train.

[Simon Pieman]

Would you continue to give money to a company if that company won't have their accounts signed off due to fraud?

No....Well we still give money due to the EU despite them not having their accounts signed off due to fraud. In fact, if it was a company there would've been a criminal investigation by now.

The sooner we get out the better, but there is too many politicians on the gravy train.

Most people did when Mick the Greek was in charge.

[Nemo]

Probably a bad example for STFC fans that one SO69!

[Samdy Gray]

Where's TalkTalk when you need him?

[otanswell]

My mrs had her income support stopped (she was Ill) because I earn too much...now the government decides to sponsor Portugal, fucking africa and the rest of them in loans/aid.

Half these countries wouldn't do it to us if we needed the help.
Politicians are all cunts in my view, I may appear ignorant saying the above comment but it makes my fucking blood boil.

I paid 600 quid in tax last month, I'm the main earner in my house, I pay full rent etc and the fucking council offered me 10 quid a month in housing benefit.

Fucking jokers.

Then gringo or ackmed from Somalia comes over and gets everything fucking paid for.

Rant over.

[tans]

Ill lend you the £10

[otanswell]

Fuck off

[tans]

Is your tax code right? I dont pay that much and i bring home 2k a month

[otanswell]

Yeah it is
I'm taking home just over 1400 at the moment, despite the fact I'm expected to bring in 300,000 quids worth of business a year. Fucking wankers

[deltaincline]

Just a point about us 'bailing out' Portugal. I'm not arguing about the morality of our government making cuts at home, then suddenly finding cash to send abroad. If that were true, I'd be as pissed off as everyone else. Problem is, it's bollocks.

Think about it: Sterling is backed by thin air. There are some gold reserves left over, but not nearly enough to protect sterling from a run. Confidence in the currency is all that keeps it afloat, a bit like the Dollar.

Take away confidence - like we saw at the start of this recession (US subprime mortgages ruined confidence among institutions relying on the interest  payments - and all hell breaks loose.

Quantitative Easing (printing more money) then kicked in globally and interest rates dropped rapidly in the hope that confidence would return or that enough time would pass and that people would just move on.

In a fractional reserve, fiat currency system, Banks create money from thin air. Roughly speaking, for every £100 loaned out, they create another £900 to loan out again, and so on.

So, 'Bailing out' Portugal involves the creation of loans, backed by fuck all. The interest charged will make someone a shedload though. 

[RedRag]

As I understand it, Portugal can't borrow the money it needs at a reasonable rate, so we and others (as agreed) borrow it at a cheaper rate and lend it back to Portugal on terms - not really worth getting angry about is it?

[Lumps]

Is your tax code right? I dont pay that much and i bring home 2k a month

How the fuck do you take home £2k a month and pay less than £600 in tax? What's your name Sir Philip fucking Green? I net about £2.5k and wave goodbye to twice that. OK some of it's pension and NI, but over half of it is tax.

[Samdy Gray]

It's because Osborne hates you and steals all your money.