Harringay, Haringey - So Good they Spelt it Twice!
Don't let politicians cut spending too soon
A worthy cause should anyone wish to support the attached petition:
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Dear xxxx,
Today, 58 leading economists have written to the Financial Times, to tell the Chancellor and the Shadow Chancellor it's a
bad time to cut public spending [1]. The experts say that it's too
soon to know that the UK
economy is recovering and that cuts too early could send us into a disastrous 'double-dip' recession.
This recession has hit the UK
hard. Millions of us have suffered unemployment or the stress of
feeling our jobs and homes under threat. There are some signs the worst may
be over, but there's a danger that recovery
may be threatened by politicians competing to look tough on cuts.
The economy will be a key issue at the general election. But if politicians
and the media get obsessed with a race to cut spending, protecting jobs and
homes could be neglected. We need to prove
that the public want politicians who put jobs and stability first.
Please help add to the pressure by
signing the petition - it takes less than a minute:
http://www.38degrees.org.uk/dont-risk-the-recovery/
A massive petition against cuts will
capture the media's attention, and persuade journalists to
challenge politicians to show us their plans to reduce unemployment and poverty,
not just their plans to cut spending. Politicians and the media don't always
listen to experts - enough of us speaking
up will help shift the debate.
Last November we showed that when enough of
us work together, we can change the economic priorities. Thousands
of us emailed the chancellor in support of a tax on bankers' bonuses - thanks
to our pressure, the tax was introduced. Now
we can do the same again - to demand the experts are listened to
and to shift the focus away from a race to make cuts and onto protecting the
recovery.
Sign the petition to tell the Chancellor and Shadow Chancellor to make jobs and financial stability the priority:
http://www.38degrees.org.uk/dont-risk-the-recovery/
Thanks for getting involved,
David, Hannah, Johnny, Nina and the 38 Degrees team
PS The 58 economists include two Nobel prize winners and several professors.
You can add your voice to those who say it's too soon for cuts by clicking
here: http://www.38degrees.org.uk/dont-risk-the-recovery/
NOTES
[1] http://news.bbc.co.uk/1/hi/business/8523034.stm
Tags for Forum Posts: cuts, politicians, public spending cuts, recession
Replies to This Discussion
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Permalink Reply by Hugh on
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At the risk of sounding like a Jonah - and my apologies to you Birdy if I it comes across that way - but wasn't this followed the next day by another group of 59 economists saying the cuts should be deeper and quicker? I have to admit to being truly uncertain about macro-economic policy.
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Permalink Reply by matt on
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No Hugh, it was 20 economists a week earlier who wanted cuts deeper & faster.
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Mmm, right, well if it was a week earlier and 39 fewer, that makes my mind up then. Thanks.
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Permalink Reply by Clive Carter on
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Economists can never agree about anything.
Perhaps the best known joke about them is Churchill's: "If you put two economists in a room, you get two opinions, unless one of them is Lord Keynes, in which case you get three opinions"
More here.
[but if John Maynard Keynes' ideas on controlling bank lending – central bank-controlled reserve asset ratios - were in force, we would be much less likely to have had the banking collapses & rescues we've seen. Approximate cost: best part of a trillion quid.]
So-called experts and professionals helped get us into this mess in the first place. There are no real "experts" on the subject of how quickly "public" spending should be cut. I prefer a commonsense approach: where is the money coming from? The free-spending Greeks are going to have to address that question, soon and seriously ...
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