| Our national debt stands at 2.0Trn 16:12 - Feb 10 with 4081 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 19:51 - Feb 10 with 1255 views | jas0999 |
Why are people surprised? You can’t have your cake etc. Folk demanded government action during the pandemic. The government spent billions. Of course the debt increased. |  | | |
| Our national debt stands at 2.0Trn on 19:52 - Feb 10 with 1254 views | J2BLUE |
| Our national debt stands at 2.0Trn on 19:49 - Feb 10 by thebooks |
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. |
I was literally responding to the point above about science spending and pointing out it was different. I am fully supportive of the measures the government took as I said. Some emergency spending can't be helped.
Address my actual points and not what you want me to be saying. |  |
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| Our national debt stands at 2.0Trn on 19:55 - Feb 10 with 1246 views | thebooks |
| Our national debt stands at 2.0Trn on 19:52 - Feb 10 by J2BLUE |
I was literally responding to the point above about science spending and pointing out it was different. I am fully supportive of the measures the government took as I said. Some emergency spending can't be helped.
Address my actual points and not what you want me to be saying. |
Sorry, really not looking to argue! I hadn’t read the whole thread and thought I was replying to what you said. Apologies if I didn’t. |  | | |
| Our national debt stands at 2.0Trn on 20:01 - Feb 10 with 1239 views | jeera |
| Our national debt stands at 2.0Trn on 19:55 - Feb 10 by thebooks |
Sorry, really not looking to argue! I hadn’t read the whole thread and thought I was replying to what you said. Apologies if I didn’t. |
J2's known to be a bit of a bully mate.
You should see the stuff I've had to put up with. |  |
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| Our national debt stands at 2.0Trn on 20:09 - Feb 10 with 1227 views | BanksterDebtSlave |
| Our national debt stands at 2.0Trn on 19:50 - Feb 10 by thebooks |
There is zero evidence inflation is about to increase, let alone “go through the roof”. |
It will, and get this, low interest rates too!
Imagine being crazy enough to live within your means and try to save. [Post edited 10 Feb 2021 20:10]
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| Our national debt stands at 2.0Trn on 20:09 - Feb 10 with 1227 views | J2BLUE |
| Our national debt stands at 2.0Trn on 20:01 - Feb 10 by jeera |
J2's known to be a bit of a bully mate.
You should see the stuff I've had to put up with. |
Like this?
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| Our national debt stands at 2.0Trn on 20:11 - Feb 10 with 1222 views | J2BLUE |
| Our national debt stands at 2.0Trn on 20:09 - Feb 10 by BanksterDebtSlave |
It will, and get this, low interest rates too!
Imagine being crazy enough to live within your means and try to save. [Post edited 10 Feb 2021 20:10]
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Hang on...the evil bansters are going to give you low interest rates with high inflation?
Perhaps you should buy a house and take advantage? | |
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| Our national debt stands at 2.0Trn on 20:11 - Feb 10 with 1220 views | Lord_Lucan |
| Our national debt stands at 2.0Trn on 19:26 - Feb 10 by azuremerlangus |
Still a lot of turnover though. |
Turnover is vanity, profit is sanity. |  |
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| Our national debt stands at 2.0Trn on 20:11 - Feb 10 with 1219 views | thebooks |
| Our national debt stands at 2.0Trn on 20:09 - Feb 10 by BanksterDebtSlave |
It will, and get this, low interest rates too!
Imagine being crazy enough to live within your means and try to save. [Post edited 10 Feb 2021 20:10]
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Negative interest rates!
I should do some weird stockmarket style bet on inflation barely moving in the next decade. | | | |
| Our national debt stands at 2.0Trn on 20:13 - Feb 10 with 1216 views | jeera |
| Our national debt stands at 2.0Trn on 20:09 - Feb 10 by J2BLUE |
Like this?
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I think you might be cherry picking just a tiny bit there! | |
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| Our national debt stands at 2.0Trn on 20:13 - Feb 10 with 1212 views | StokieBlue |
| Our national debt stands at 2.0Trn on 18:55 - Feb 10 by Swansea_Blue |
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. |
It's being done at cost price whilst the WHO have C19 as a declared pandemic and then after that only cost price in developing countries.
I don't think it's going to be a cash cow though.
SB |  |
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| Our national debt stands at 2.0Trn on 20:14 - Feb 10 with 1211 views | Lord_Lucan |
| Our national debt stands at 2.0Trn on 20:09 - Feb 10 by BanksterDebtSlave |
It will, and get this, low interest rates too!
Imagine being crazy enough to live within your means and try to save. [Post edited 10 Feb 2021 20:10]
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No one saves anymore, they just buy more things. | |
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| Our national debt stands at 2.0Trn on 20:17 - Feb 10 with 1199 views | J2BLUE |
| Our national debt stands at 2.0Trn on 20:14 - Feb 10 by Lord_Lucan |
No one saves anymore, they just buy more things. |
Saving is for mugs, I still have £14.73 left to spend on my credit cards! | |
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| Our national debt stands at 2.0Trn on 20:19 - Feb 10 with 1193 views | J2BLUE |
| Our national debt stands at 2.0Trn on 20:13 - Feb 10 by jeera |
I think you might be cherry picking just a tiny bit there! |
You have wounded my feels. | |
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| Our national debt stands at 2.0Trn on 20:27 - Feb 10 with 1173 views | Lord_Lucan |
| Our national debt stands at 2.0Trn on 20:17 - Feb 10 by J2BLUE |
Saving is for mugs, I still have £14.73 left to spend on my credit cards! |
You inadvertently raise a valid point though. If I am fortunate to leave my kids any kind of decent estate they will get taxed on it - even though I have paid tax on the value of my estate already.
Or I may have to pay £2k a week to go in a home and my kids inheritance will be gobbled.
I could of course just drop out and spend, he who dies with the most toys wins and all that. | |
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| Our national debt stands at 2.0Trn on 20:35 - Feb 10 with 1152 views | bluelagos |
| Our national debt stands at 2.0Trn on 20:01 - Feb 10 by jeera |
J2's known to be a bit of a bully mate.
You should see the stuff I've had to put up with. |
Harsh, he's offered to pay my Aussie quarantine so I can go see the Ashes, I mean my relatives this crimbo. |  |
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| Our national debt stands at 2.0Trn on 08:16 - Feb 11 with 1050 views | BanksterDebtSlave |
| Our national debt stands at 2.0Trn on 20:11 - Feb 10 by J2BLUE |
Hang on...the evil bansters are going to give you low interest rates with high inflation?
Perhaps you should buy a house and take advantage? |
...just buy anything like LL says would be the plan I guess. More stuff and inflate away debt. And to think we used to pretend there is no money tree and that we are trying to save our planet! | |
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