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!

[the_lone_wolf]

Originally Posted by ThEGr33k

I just don't understand why we are always in debt.

/thread

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.

[timwilky]

Because Prudence Brown abolished boom and bust economics back in 2001. Yeah right.

[dizzyblonde]

...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

[Bri w]

Originally Posted by ThEGr33k

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!

nowt wrong with your logic there matey.

we get told we're irresponsible etc by a Govt who.......... and relax

[timwilky]

Originally Posted by dizzyblonde

...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.

+1.

Oh and sort out record unemployment with British jobs for British workers whilst your at it

[punyXpress]

Originally Posted by timwilky

Because Prudence Brown abolished boom and bust economics back in 2001. Yeah right.

Just what we expect from The Grauniad!
To give them their due, he DID abolish any hope of boom, and he HAS bust the economy!
What a trud.

Originally Posted by the_lone_wolf

/thread

Casue he and rest of have spent so much on second homes, not too mention one they have taken, then work on sly. Like a "cab for hire"

[arc123]

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.

Nail on head. There are differing estimates (depending on the source of information), but some suggest that 50% of all income taxes are used solely to service the interest payments on national debt. Only way out of the situation is complete monetary reform - take the power back from large banks and place it in the hands of a 'responsible' government.

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.