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Public debt could be £1,790 Billion

#2
Could be more. I think (ifmemory serves) at the end of 2008 total debt was estimated at £1340 billion.
Given the wild spending that has taken place in the intervening 18 months I would be surprised if the debt hasn't risen to considerably higher than £1790 billion.

Do you really think Gordon "only" overspent at a rate of £25 billion a month over the last 18 months?
 
A

ALVIN

Guest
#4
Maybe if our society was not so funking greedy with a "I want it and i want it now"attitude, this monstrosity would never have happened.
 
#5
'Calculated by the Grauniad' - totally reliable then.

Labour did such a good job in sensible spending, abjuring waste, saving money, building up reserves and being so prudent, that the Professor of Prudence at Oxford University was so astonished that he hastened away to re-write all his lectures!
 
#7
#10
Does anyone care? I can't say I do any more. We've over spent, we need to pay it back and it's going to hurt.

Easy for me to say as I've got a job and don't expect to lose it due to government cuts, however I can see that things aren't going to be easy for myself and many others.

What I do care about is that the reasons we've got ourself in this mess are explained and action is being taken to stop them from repeating (like we've a chance in hell of that happening!).
 
#11
Cow said:
Does anyone care? I can't say I do any more. We've over spent, we need to pay it back and it's going to hurt.

Easy for me to say as I've got a job and don't expect to lose it due to government cuts, however I can see that things aren't going to be easy for myself and many others.

What I do care about is that the reasons we've got ourself in this mess are explained and action is being taken to stop them from repeating (like we've a chance in hell of that happening!).
Quite, I couldn't give a sh1t how many numbers they throw at us TBH meaningless. Job's (availability or lack thereof) seems the only curency people care about.
 
#12
Well I still say it's all Bush's fault.
He kept US interest rates low and this bought him his second election victory and Blurs last two.

john
And please don't tell me zee el Presidenta does not set the Interest rate.
 
#14
DIVVYCIVVY said:
http://www.dailymail.co.uk/news/article-1279242/Labour-Ministers-parting-shot-national-debt-ballons-2trillion.html

Mail too. Oh dear...
I wouldn't worry, Britain total national debt as a % of GDP, is not high compared to either historic levels or other countries levels. More importantly, the cost of servicing the debt as a % of GDP is actually lower than it has been for most of the last 100 years.
 
#15
"Britain total national debt as a % of GDP, is not high compared to either historic levels or other countries levels."

I won't worry, Onest.

john
Mad F ing Mad
Serious commentators doubt Greece will ever be able to pay back her Debt EVER.
But don't worry it is not a problem.
 
#18
ashie said:
DIVVYCIVVY said:
http://www.dailymail.co.uk/news/article-1279242/Labour-Ministers-parting-shot-national-debt-ballons-2trillion.html

Mail too. Oh dear...
I wouldn't worry, Britain total national debt as a % of GDP, is not high compared to either historic levels or other countries levels. More importantly, the cost of servicing the debt as a % of GDP is actually lower than it has been for most of the last 100 years.
Of course you wouldn't. Neither did the feckers who caused it in the first place. In fact I wish I lived in the same dream world as you - everything would be fine and dandy. Unfortunately I and a lot of other people live in the real world servicing the debt you and your scumbag socialist politicians caused by spending moneythat didn't exist so you borrowed it.
 
#19
There can't be many situations in Life, if any, whereby so much Debt can be negligently accrued by so few people who then by the simple cast of a vote, get to walk-away scot free and leave a trail of disaster and so much pain and suffering for so many to live with forever after.

At least Bernie M was sent to jail....
 

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