National Debt

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.

Amongst a whole heap of other things the government do with our money

+2

I don't understand why the overseas aid budget is ring fenced. Why not cut it, if we can't afford it, we shouldn't be doing it.

Originally Posted by Ed

+2

I don't understand why the overseas aid budget is ring fenced. Why not cut it, if we can't afford it, we shouldn't be doing it.

Many many diplomatic reasons. We easily get our money back from these countries whether we dig it from the ground, or take it from their fields.

[Bri w]

Originally Posted by Ed

+2

I don't understand why the overseas aid budget is ring fenced. Why not cut it, if we can't afford it, we shouldn't be doing it.

Quite a lot of overseas aid guarantees British jobs.

In a lot of cases the Govt pays a British company to supply the materials for x,y,z.

Its a backhanded way of subsidising British industry without breaking EU rules.

[dizzyblonde]

It also keeps our country supposedly 'looking good and keeping up with the Jones's' in the world big boys stakes.

Here are the folks responsible. Right rogues' gallery.

[Paul the 6th]

Originally Posted by ThEGr33k

Why cant we simply spend what we have?

[peterco]

Currently standing at,but forever increasing

£935,913,164,023

[Bibio]

you can sit and blame the government all you want but at the end of the day it has been the greedy british public that have got us into so much debt.

society today demands that we 'have it now and pay for it later', trouble with that is someone has to foot the bill in the meantime and that would be the government.

think about it, if the national average debt including mortgages is £45,000 and lets say 15,000,000 people in the UK have this debt then thats £675,000,000,000 just in public debt alone. the big problem is when the people who the government borrow the money off want it back sooner rather than later, with the government lending the money to the banks at only 1/2 a percent then they are not recouping the funds quick enough (this is probably responsible for the high living/fuel costs). the government can then say 'look we are keeping the interest rates down even in this time of recession', but in the meantime shafting us with high credit card rates and living/fuel costs. so simple solution is to raise interest rates again.

I have heard about what you are talking about with the money... Problem is that surely there will eventually be a complete collapse of the monetary system? Surely it cant just keep "inventing money"!? Though I guess writing off debt might eventually = out... Oh joy.

It is right, the system we are under see's the (relatively) poor getting poorer while the rich get super rich.

[Biker Biggles]

Originally Posted by ThEGr33k

I have heard about what you are talking about with the money... Problem is that surely there will eventually be a complete collapse of the monetary system? Surely it cant just keep "inventing money"!? Though I guess writing off debt might eventually = out... Oh joy.

It is right, the system we are under see's the (relatively) poor getting poorer while the rich get super rich.

Correct.Capitalism requires constant "growth" or expansion in order to camouflage the ever increasing debt.In a finite world that is unsustainable and eventually must end in economic collapse.