Chomper Higgot

MAGA still haven’t got over it.

Who said Biden is running in 2024?

I’ve already given my opinion that whole reason for the rightwing attack on President Biden’s age and cognitive health is a projection started by Trump and his lackies to cover his own obvious mental decline. Trump gets dragged off to hospital in the middle of the night for a cognition test and the attacks on Biden kick in. Anyway, if you excuse me a moment while I get back to enjoying my morning Covfefe.

Saluting N Korean Generals or praising Putin. Executing presidential powers by simply thinking about it.

I’m not the subject of the discussion in this thread.

It’s a pleasant change from the madness that was the last Presidency.

It it is true. 2billion is the estimated cost of cutting the 45% rate, it ignores the other billions of tax cuts that disproportionately favour the wealthy. And all of it borrowed. Now add the £65Billion of foreign reserves the BoE is having to spend to defend the value of Sterling. What a mess, and all of Truss’ making. A she’s a gift to the opposition, at terrible cost to the nation. Please don’t say you weren’t warned.

That was back in May, before the idiocy of borrowing money to give tax cuts to the already wealthy.

A bit of a problem, all the flights are full.

During the conclusion of campaign to replace Johnson, Truss released this statement on her official Twitter account: “Thank you for putting your trust in me. I’m ready to hit the ground from day one.” It’s so refreshing to see a return to honesty in the office of Prime Minister, though for the sake of the nation, perhaps this isn’t a promise she should have kept.

Food banks ?!

I wouldn’t be so sure. There are already rumblings on the Tory back benches calling for Kwarteng to be sacked. No 10 has issued a statement that Kwarteng has Truss’ full support. Fans of English football will recognize this statement for what it is. The BOE is tasked with controlling inflation, it’s the Government acting against the BOE.

I’ve never known anyone who had their life destroyed or wasted by inheritance tax. I’ve known dozens who had their lives, and families destroyed by or wasted their lives waiting for inheritance. The adage ‘rags to riches to rags in three generations’ comes about exactly because one generation works hard and builds a fortune and the next generation waste it. Families ripping themselves apart over inheritance, long married couples divorcing when an inheritance is in the offing, kids wasting their lives because why study and work, an inheritance is coming. I’ve seen it happen dozens of times. I can think of no better way to cripple your kids than promise them an inheritance, no better way to rip your own family apart than leave them an estate to argue over. I agree with you on capital gains tax for property gains.

There is no ‘Constitutional right to bear arms in the execution of a crime’. The driver of the get away car still gets convicted of bank robbery even though he didn’t enter the bank.

It’s not been a month and she’s already got the Bank of England using foreign currency reserves to buy UK Government Bonds in order to protect Sterling against the consequences of her idiocy. I look forward to the Conservative Party Conference almost as much as I look forward to the next PM Questions time. Remind me, it was you rooting for her to win the PM slot and crowing when she did?! She’s a gift to the opposition, at terrible cost to the nation. What a mess.

She hasn’t got two years. She’s got two weeks to the Tory Party conference and a few days after that until Parliament resumes.

In 1978 the maximum mortgage permitted was 2.5x salary. In 2022 very many mortgages are at multiples of that and the borrowing has been based on very low interest rates. The millions unable to afford to eat regular meals are about to be joined by millions more who can’t afford their mortgages. And all because somebody thought it a good idea to borrow money to hand tax cuts to the already wealthy. Truss hasn’t even been in the job a month yet. What a mess she’s making.

That’ll be comforting to people who can’t afford to pay their mortgages as the UK economy heads into recession.

‘Appeal to the middle class group’. That’s the people who are about to get hammered with mortgage interest payments, on top of 10% (and climbing) inflation.

The madness of borrowing money to fund tax cuts for the wealthy is biting back again. The Bank of England has announced it shall now intervene to try and stabilize Sterling by buying long term UK Government bonds. So the unfunded tax cuts for the wealthy are to be paid for by driving up national debt, and the BoE is now spending foreign currency reserves to try and stabilize Sterling. Something has to go: The PM? The Chancellor of the Exchequer? The Chairman of the Bank of England? The UK Credit Rating? Sterling? One or more or all of the above? How long do you want to give it.

Because Labour’s opposition is not the subject of the thread might be a clue.

It’s not an unreasonable question, though my punt is Kwarteng goes first.

Right now the calculation being made is how long this game of chance will last. Economics 101, interest rates go up, people with mortgages suffer. Tory Party conference in two weeks followed by Parliament re sitting. How long do you want to give it?

Getting back to topic. The interest rate hike coupled with the unfunded tax give away to the already wealthy isn’t going too well is it.

The NASA report I read suggests it will be about two weeks before they have gathered enough data to answer that question.