BAE RAF P3 procurement feasibility report
We'll have to agree to differ.
Please explain to me how, if you're still running an annual deficit prior to 2015 (i.e. in 2013/14) you can pay off any of the national debt. You're in deficit, so by definition you're borrowing more than you earn, which means the national debt is going up!!
It simply cannot work!
Please explain to me how, if you're still running an annual deficit prior to 2015 (i.e. in 2013/14) you can pay off any of the national debt. You're in deficit, so by definition you're borrowing more than you earn, which means the national debt is going up!!
It simply cannot work!
Last edited by Biggus; 7th Mar 2013 at 16:38.
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I'm not making it up...it's information that's readily available in any article from the budget.
It can, if government bonds are maturing in a given year and are cumulatively worth more than the value of the budget deficit; then yes the deficit is adding to the national debt, but government bonds maturing are also paying it off...to put it simply, there is going to be a point where we start paying back more than we borrow and at that point, national debt will begin to fall.
National debt as a % of GDP is of course the main thing as you say, but it's deficits that get markets twitchy, not the overall national debt. As I say, as soon as the budget is neutral, real terms growth will return to government departments.
It simply cannot work!
National debt as a % of GDP is of course the main thing as you say, but it's deficits that get markets twitchy, not the overall national debt. As I say, as soon as the budget is neutral, real terms growth will return to government departments.
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Same could be said about the RN keeping people fast jet qual'd / deck current for F35/QEII operations (using a launch/land system that won't even be on our carriers....). And when are the Carriers expected ..... 2017? 2018? 2019?
Just a random thought, and I apologise for continuing a topic that is long past it's sell by date, but what-if.......
No-one really knows what the effects of sequestration is going to be on US programmes in the near term. I have read the list from the Head of the US Navy about what he is going to have to do if he doesn't receive his allocated share of the budget (eye watering).
We have in the UK recently experienced/managed/had a very successful lease-purchase programme on one of our major capabilities. We have some unallocated money in the procurement programme.
And we have guys in the US on the P8 OCU and OEU...........
No-one really knows what the effects of sequestration is going to be on US programmes in the near term. I have read the list from the Head of the US Navy about what he is going to have to do if he doesn't receive his allocated share of the budget (eye watering).
We have in the UK recently experienced/managed/had a very successful lease-purchase programme on one of our major capabilities. We have some unallocated money in the procurement programme.
And we have guys in the US on the P8 OCU and OEU...........
Apparently there's £8bn unallocated in the procurement budget. There's also a fairly substantial wishlist of "whiteboard" items that the MOD hopes to fund out of it, including Typhoon capability enhancements, some army stuff and further RFAs following the MARS tankers currently on order. ISTAR also features on the whiteboard wishlist - detail not yet specified, partly because, as MoD explains it, as technology matures fresh options for delivery can open up. But I get the impression that MPA options now get badged under the ISTAR heading.
Last edited by Frostchamber; 8th Mar 2013 at 16:39.
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Of the almost 850 personnel on exchange in the US (I think that is all Services) almost 20 are part of Maritime Seedcorn. I think that we can probably cope.
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