[user104658]

The uncomfortable truth is that the world can't support 7 billion-and-increasing people under our current systems of government and finance. It's not working. It's very possible, to be totally frank, that there isn't a system that DOES work.

[Kizzy]

And the reason for the doubling of the national debt is?.......

[DemolitionRed]

People really should watch this if they want to understand about deflation and the truth behind government debt. Its American but it works the same way in the UK.

Youtube video

[Vicky.]

Is it actually true that we just owe the debt to...ourselves? If so, why the hell worry about paying it back? I know the economy is not as simple as doing a household budget...I don't really understand how it all works as until recently I did think we owed the debt to other countries...as I was wondering how the bloody hell near every country could be ion debt

I feel a lot of spending is actually needed. Especially on public services. These flats that were built with unsafe materials, the councils should be given more cash to sort it rather than be told that they have to find the money themselves. Need attractive bursaries and such for nursing students to encourage more into the profession. Need to reverse the savage disability cuts and scrap the bedroom tax (until there are enough smaller properties available. I don't have an issue when people have the option to move to not have 'spare' rooms). Need to replace the police that have been cut...and so on. I am sure May said that austerity was over. Unless that was just more soundbytes to cling onto her job

[smudgie]

Originally Posted by Vicky.

Is it actually true that we just owe the debt to...ourselves? If so, why the hell worry about paying it back? I know the economy is not as simple as doing a household budget...I don't really understand how it all works as until recently I did think we owed the debt to other countries...as I was wondering how the bloody hell near every country could be ion debt

I feel a lot of spending is actually needed. Especially on public services. These flats that were built with unsafe materials, the councils should be given more cash to sort it rather than be told that they have to find the money themselves. Need attractive bursaries and such for nursing students to encourage more into the profession. Need to reverse the savage disability cuts and scrap the bedroom tax (until there are enough smaller properties available. I don't have an issue when people have the option to move to not have 'spare' rooms). Need to replace the police that have been cut...and so on. I am sure May said that austerity was over. Unless that was just more soundbytes to cling onto her job

No.
We owe about 35% abroad, and then to the private sector.
The government sell gilts and bonds to garner loans.
They do borrow some from themselves.
If we don't pay our debts then we will lose our ratings and be downgraded, therefore having to pay extra interest on what we owe.

[Kizzy]

Originally Posted by smudgie

No.
We owe about 35% abroad, and then to the private sector.
The government sell gilts and bonds to garner loans.
They do borrow some from themselves.
If we don't pay our debts then we will lose our ratings and be downgraded, therefore having to pay extra interest on what we owe.

Shouldn't that be guns and bombs?

[Brillopad]

Originally Posted by Kizzy

Shouldn't that be guns and bombs?

That's Blair!

[JTM45]

Originally Posted by Brillopad

That's Blair!

I think this thread is about current things which would mean 'Guns & Bombs' would be the current answer to the question 'What does Theresa May like to sell to saudi Arabia ?' , right ?

[Alf]

Poor people are just not good with money.

Name me a poor person that's good with money?

[Vicky.]

Originally Posted by Alf

Poor people are just not good with money.

Name me a poor person that's good with money?

Jack Monroe

You don't have examples of poor people in the news and stuff really, so this question is a bit odd. Near everyone who is spoken about is loaded Even jack is now, but she wasn't.

[Alf]

Originally Posted by Vicky.

Jack Monroe

You don't have examples of poor people in the news and stuff really, so this question is a bit odd. Near everyone who is spoken about is loaded Even jack is now, but she wasn't.

Well if Jack Monroe is good with money, then she won't be poor.

[Vicky.]

Originally Posted by Alf

Well if Jack Monroe is good with money, then she won't be poor.

She isn't now