Re: Privatisation of NHS hospitals begins : Thu Feb 23, 2012 1:18 am
Dally wrote: In Croatia someone has published a website, that has become quite popular, that equates the national economy to a household position (ie numbers and concepts people can understand readily). So, in its simplest it might say the natiional position is equivalent to, say: Household annual income £13,500 Household expenditure £15,000 Shortfall added to credit card £1,500 Credit card total debt £18,000 The figures correspond to national revenues, expenditure, deficit and debt and relate directly and are updated. Apparently, the public can play about with policy assumptions / tough choices and learn how hard it is to get the deficit and debt figures down. Most people after having a go become fiscal conservatives. We need an academic to do this in this country so the public can make informed choices about the NHS and other government expenditure and the tax, etc ramifications of those choices. For those who understand Balkan languages: http://proracunskikalkulator.com I assume this system doesn't take into account such things as interest rates, currency devaluation, inflation and economic growth? Without those factors an assessment of debt and deficit is almost useless. Which begs the question as to why the Chancellor is always so keen to make a similar comparison of government debt/deficit to a household budget. Surely he should know better. |
Dally wrote: In Croatia someone has published a website, that has become quite popular, that equates the national economy to a household position (ie numbers and concepts people can understand readily). So, in its simplest it might say the natiional position is equivalent to, say: Household annual income £13,500 Household expenditure £15,000 Shortfall added to credit card £1,500 Credit card total debt £18,000 The figures correspond to national revenues, expenditure, deficit and debt and relate directly and are updated. Apparently, the public can play about with policy assumptions / tough choices and learn how hard it is to get the deficit and debt figures down. Most people after having a go become fiscal conservatives. We need an academic to do this in this country so the public can make informed choices about the NHS and other government expenditure and the tax, etc ramifications of those choices. For those who understand Balkan languages: http://proracunskikalkulator.com I assume this system doesn't take into account such things as interest rates, currency devaluation, inflation and economic growth? Without those factors an assessment of debt and deficit is almost useless. Which begs the question as to why the Chancellor is always so keen to make a similar comparison of government debt/deficit to a household budget. Surely he should know better. |
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