The Curse of the Interloper
The greatest interloper of one’s life has been the wicked curse of unemployment. It is not merely a sweeping time of impasse, but a fixture that has become a permanent contest at present. We once had the wonderful experience of being ambitious 20 something’s that believed in the world and understood that the natural order of things would transform our lives positively, economically and socially.
However, an impostor a close relation of the interloper suddenly arrived and turned everybody’s life upside down. The intruder goes by the name of ‘Recession’, Recession enters one existence to fundamentally cause havoc and sending everybody hurdling towards securing what little one has left.
However, one has to ask what brings Recession to town to remove all intrinsic worth in one’s life. The Recession is brought into town through the invitation of meandering greed which grows upon the foundation of in ane spending. The frivolity continues without once checking whether one’s personal kitty is able to support the disbursements. Checks and balances are disregarded alongside the complete absence of an equalised balance sheet.
The incredible deficit that has affected the country requires solutions being brought to the forefront; however, that is a slow and taxing process, one that requires close inspection in terms of processes and level of expertise being harmonised to create effective policies. I think it is imperative that those in their ivory towers realise what happens with those on the lower decks, therefore it is imperative they adopt a viable initiative.
The United States previous proposal of quantitative easing raised the feared entity ‘Inflation’, furthermore the huge imbalance of trade has equated into the following problems;
if quantitative easing continues it devalues the currency,
reducing the level of deficit is not placed at the forefront
However, there is a positive if you continue to increase the level of fiscal stimulus it reduces the value of the loans owed. Therefore, the grandeur of these problems is colossal, so when will those that govern open their eyes and realise that societal problems are related to the economy. ‘It’s the economy stupid’ was the mantra during the Clinton years, however, it cannot speak more true of what is troubling us all today.
Presently policies are mismanaged; the effectiveness of the current fiscal strategy is having a dire effect on those less fortunate. There are no measures in place that can support the underprivileged, it is imperative that resourceful projects are introduced to assist the disabled, elderly and low-income families. However, the budget cuts have had a negative impact on the already struggling youth also, the decision to increase University fees only emphasises the lack of effective dialogue. There needs to be a driving force of equilibrium which isn’t on top of the agenda because that does not favour those in the mile high club.
I suggest George Osborne put down the budget-cutting sledgehammer and construct a fiscal plan that enforces more collaboration between the public and private sectors. This bilateral move will establish a thought process, which will significantly reduce spending in the public sector.
The main cause for concern is on the government's internal matters, fiscally speaking it overspends colossally and fundamentally does not practice what it preaches, as currently stated by Phillip Green who stoically emphasised that the government was ‘in real danger in real terms’.