| Our national debt stands at 2.0Trn 16:12 - Feb 10 with 4077 views | hype313 |
We are so bust that if, from every one of 27 million UK households, Sunak raised £3,300 per annum extra in taxation, we would pay back a pointless 0.5% of our government's debt...and our economy would implode completely, so tax rises aren't really an option.
Get ready for a soft (hyperinflationary) default....
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| Our national debt stands at 2.0Trn on 16:15 - Feb 10 with 2801 views | Radlett_blue |
The UK's debt-to-GDP ratio - which is the only rational way to look at it - is similar to that of Germany & below Italy, France, Belgium, Portugal, Spain & a few others. |  |
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| Our national debt stands at 2.0Trn on 16:17 - Feb 10 with 2770 views | Keno |
can I just make the minimum payment every month? |  |
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| Our national debt stands at 2.0Trn on 16:55 - Feb 10 with 2669 views | factual_blue |
| Our national debt stands at 2.0Trn on 16:17 - Feb 10 by Keno |
can I just make the minimum payment every month? |
Your home may be at risk etc etc. |  |
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| Our national debt stands at 2.0Trn on 18:13 - Feb 10 with 2561 views | J2BLUE |
I've been telling you all this since 2008. We kicked the can down the road.
The debt around the world is at an insane level. |  |
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| Our national debt stands at 2.0Trn on 18:31 - Feb 10 with 2495 views | Bugs |
| Our national debt stands at 2.0Trn on 18:13 - Feb 10 by J2BLUE |
I've been telling you all this since 2008. We kicked the can down the road.
The debt around the world is at an insane level. |
Depends on what that money is being spent on. Pre 2010 for every £1 borrowed to invest in sciences, we saw £1.70 back (the Tories still cut science funding).
All so as someone else has said, the ratio to GDP is a far better indicator than the amount that's been borrowed. There have been many times in the past when that's been a lot higher than it is at the moment. |  | | |
| Our national debt stands at 2.0Trn on 18:43 - Feb 10 with 2455 views | gazzer1999 |
| Our national debt stands at 2.0Trn on 18:31 - Feb 10 by Bugs |
Depends on what that money is being spent on. Pre 2010 for every £1 borrowed to invest in sciences, we saw £1.70 back (the Tories still cut science funding).
All so as someone else has said, the ratio to GDP is a far better indicator than the amount that's been borrowed. There have been many times in the past when that's been a lot higher than it is at the moment. |
Still mind boggling though, wish I was rich enough to be owed it . |  | | |
| Our national debt stands at 2.0Trn on 18:48 - Feb 10 with 2429 views | monytowbray |
| Our national debt stands at 2.0Trn on 18:13 - Feb 10 by J2BLUE |
I've been telling you all this since 2008. We kicked the can down the road.
The debt around the world is at an insane level. |
Love a good “I told you so”.
No, really. It’s madness the whole financial system failed society and we just bailed it out to carry on with the same system in place.
Disaster Capitalism is in full steer, has been since 2008. Arguably earlier.
If a government did that to a nation and refused to back down they’d be rejected in title by the wider world, just like Venezuela and their corrupt bunch who bleed national resources dry through the back door. |  |
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| Our national debt stands at 2.0Trn on 18:50 - Feb 10 with 2417 views | azuremerlangus |
The AZ vaccine will be a cash-cow for UK Plc |  |
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| Our national debt stands at 2.0Trn on 18:54 - Feb 10 with 2400 views | rgp1 |
If this Continues look forward to
Soup Kitchens
Grull
Sh1t in bucket/ unload in street
Hand me down clothes
Open fire
Power cuts
Holy shoes
Ration books
Bread n dripping
And a political class that says you should be grateful for what you have! |  | | |
| Our national debt stands at 2.0Trn on 18:55 - Feb 10 with 2391 views | Swansea_Blue |
| Our national debt stands at 2.0Trn on 18:50 - Feb 10 by azuremerlangus |
The AZ vaccine will be a cash-cow for UK Plc |
Will it? I thought most manufacturers were agreeing to distribute it at cost prices (and of course it's jointly owned with Sweden). And then you've got the cost of distribution and jabbing people in the arms, which is substantial. I could very well be wrong though, I haven't been looking at the economics of it. |  |
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| Our national debt stands at 2.0Trn on 18:56 - Feb 10 with 2382 views | Lord_Lucan |
| Our national debt stands at 2.0Trn on 18:54 - Feb 10 by rgp1 |
If this Continues look forward to
Soup Kitchens
Grull
Sh1t in bucket/ unload in street
Hand me down clothes
Open fire
Power cuts
Holy shoes
Ration books
Bread n dripping
And a political class that says you should be grateful for what you have! |
We had that in the 70's |  |
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| Our national debt stands at 2.0Trn on 18:57 - Feb 10 with 2378 views | Lord_Lucan |
| Our national debt stands at 2.0Trn on 18:50 - Feb 10 by azuremerlangus |
The AZ vaccine will be a cash-cow for UK Plc |
It's a not for profit product | |
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| Our national debt stands at 2.0Trn on 18:57 - Feb 10 with 2375 views | monytowbray |
| Our national debt stands at 2.0Trn on 18:54 - Feb 10 by rgp1 |
If this Continues look forward to
Soup Kitchens
Grull
Sh1t in bucket/ unload in street
Hand me down clothes
Open fire
Power cuts
Holy shoes
Ration books
Bread n dripping
And a political class that says you should be grateful for what you have! |
That’s if you’re one of the lucky ones not shot on sight for disturbing the peace. | |
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| Our national debt stands at 2.0Trn on 18:58 - Feb 10 with 2369 views | J2BLUE |
| Our national debt stands at 2.0Trn on 18:31 - Feb 10 by Bugs |
Depends on what that money is being spent on. Pre 2010 for every £1 borrowed to invest in sciences, we saw £1.70 back (the Tories still cut science funding).
All so as someone else has said, the ratio to GDP is a far better indicator than the amount that's been borrowed. There have been many times in the past when that's been a lot higher than it is at the moment. |
I understand investing can produce returns but regardless we're still £2tn in debt and the latest debt load has been paying people to stay home and not invested in anything. Obviously you could argue it's an investment in the economy but it's not going to return any additional value beyond what it would have returned anyway. | |
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| Our national debt stands at 2.0Trn on 19:00 - Feb 10 with 2350 views | rgp1 |
| Our national debt stands at 2.0Trn on 18:58 - Feb 10 by J2BLUE |
I understand investing can produce returns but regardless we're still £2tn in debt and the latest debt load has been paying people to stay home and not invested in anything. Obviously you could argue it's an investment in the economy but it's not going to return any additional value beyond what it would have returned anyway. |
And then theres the problem of getting thousands conditioned to go back to work after a tear of doing jack! | | | |
| Our national debt stands at 2.0Trn on 19:17 - Feb 10 with 2297 views | J2BLUE |
| Our national debt stands at 2.0Trn on 19:00 - Feb 10 by rgp1 |
And then theres the problem of getting thousands conditioned to go back to work after a tear of doing jack! |
I think that's a bit harsh but I think it will speed up UBI being introduced in the US. Then it's a matter of time before it comes to Europe. | |
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| Our national debt stands at 2.0Trn on 19:23 - Feb 10 with 2278 views | thebooks |
It is literally impossible for us to go “bust”. |  | | |
| Our national debt stands at 2.0Trn on 19:24 - Feb 10 with 2269 views | thebooks |
| Our national debt stands at 2.0Trn on 18:58 - Feb 10 by J2BLUE |
I understand investing can produce returns but regardless we're still £2tn in debt and the latest debt load has been paying people to stay home and not invested in anything. Obviously you could argue it's an investment in the economy but it's not going to return any additional value beyond what it would have returned anyway. |
It’s “investing” in not destroying people’s lives. | | | |
| Our national debt stands at 2.0Trn on 19:26 - Feb 10 with 2258 views | azuremerlangus |
| Our national debt stands at 2.0Trn on 18:57 - Feb 10 by Lord_Lucan |
It's a not for profit product |
Still a lot of turnover though. | |
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| Our national debt stands at 2.0Trn on 19:30 - Feb 10 with 2235 views | J2BLUE |
| Our national debt stands at 2.0Trn on 19:24 - Feb 10 by thebooks |
It’s “investing” in not destroying people’s lives. |
Right, but it's not going to return any more money than if the pandemic never happened is it? I realise some things need to be paid for and it was an emergency but talking about returns as someone did above isn't the same thing is it? | |
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| Our national debt stands at 2.0Trn on 19:30 - Feb 10 with 2232 views | George25 |
Not only that but it is 100% of GDP atm |  | | |
| Our national debt stands at 2.0Trn on 19:34 - Feb 10 with 2207 views | suffolkpoker |
Either inflation is about to go throughly the roof, with Japanese style mortgages or an asset crash |  |
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| Our national debt stands at 2.0Trn on 19:49 - Feb 10 with 2153 views | thebooks |
| Our national debt stands at 2.0Trn on 19:30 - Feb 10 by J2BLUE |
Right, but it's not going to return any more money than if the pandemic never happened is it? I realise some things need to be paid for and it was an emergency but talking about returns as someone did above isn't the same thing is it? |
For me that’s just a strange way of looking at it. Not everything’s like investing in the stockmarket.
Obviously, not allowing several million people to fall into poverty in the space of a few months is a basic job of the government. I know many people can’t get out of the austerity way of thinking, and will only see it as a “cost”, like any other government activity [shrugs].
Whether you’ll get a “return” on it? Well, they can carry on spending and you’ll save billions in the fall out from unemployment. I guess there will be a backlash from people who just don't like the idea of government doing anything ever. | | | |
| Our national debt stands at 2.0Trn on 19:50 - Feb 10 with 2145 views | thebooks |
| Our national debt stands at 2.0Trn on 19:34 - Feb 10 by suffolkpoker |
Either inflation is about to go throughly the roof, with Japanese style mortgages or an asset crash |
There is zero evidence inflation is about to increase, let alone “go through the roof”. | | | |
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