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National Debt
I just don't understand why we are always in debt. Why on earth do the government spend money when they know in the future we will just have to pay it back with more money on top! Why cant we simply spend what we have?
Please someone make sense of this (in my opinion) backwards thinking! |
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Debt is exponential.
There isn't enough money physically to pay off all debts, and the debt increases with interest every second. This means more money needs to be borrowed to service the existing debts at an exponential scale. We just don't have a choice. |
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Because Prudence Brown abolished boom and bust economics back in 2001. Yeah right.
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...and we give away our money to others.
Maybe riskeee saying it, but charity begins at home, then if you've got some spare, help others. Amongst a whole heap of other things the government do with our money |
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we get told we're irresponsible etc by a Govt who.......... and relax |
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Oh and sort out record unemployment with British jobs for British workers whilst your at it |
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To give them their due, he DID abolish any hope of boom, and he HAS bust the economy! What a trud. |
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This topic ties directly with the bail out of the banks. I heard a nice phrase to summarise this: "Private profit for public risk". We are saddled with huge debts for generations to come, and a relatively small amount of people/organisations get very, very rich. |
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