[DemolitionRed]

Originally Posted by Adam.

https://order-order.com/2017/04/24/l...w-500-billion/


they plan to borrow £500 billion

I know about this but what about the source that says these borrowed billions will create a hell of a lot more debt to the UK. I don't think you've looked at how this can be done. You're just listening to right wing politics.

Fortunately, economists, not just in the UK but across the US too, have been looking at this very closely and are stated for saying, this, if done right will not create a large long term deficit. What it will do is grow a stagnated economy, raise salaries, employ more workers that will, in turn, produce the tax needed to pay off any deficit. As I said earlier, its only tax that has to be paid off central bank borrowing. There's no interest and there's no IOU so when the Tories tell us that they need to tax us all more so that they can pay off the deficit its because they got stuck in the tar of neoliberalism and want to do it any other way.

And what about a source that says they want to allow everyone to come through open border Britain?!?

[Denver]

Originally Posted by DemolitionRed

I know about this but what about the source that says these borrowed billions will create a hell of a lot more debt to the UK. I don't think you've looked at how this can be done. You're just listening to right wing politics.

Fortunately, economists, not just in the UK but across the US too, have been looking at this very closely and are stated for saying, this, if done right will not create a large long term deficit. What it will do is grow a stagnated economy, raise salaries, employ more workers that will, in turn, produce the tax needed to pay off any deficit. As I said earlier, its only tax that has to be paid off central bank borrowing. There's no interest and there's no IOU so when the Tories tell us that they need to tax us all more so that they can pay off the deficit its because they got stuck in the tar of neoliberalism and want to do it any other way.

And what about a source that says they want to allow everyone to come through open border Britain?!?

If you borrow money you have to pay it back so that creates debt fullstop