[Marc]

I'll just see if I can help us out, let me look at my bank account..

[the truth]

Originally Posted by Marczipan

I'll just see if I can help us out, let me look at my bank account..

its important people know the true debt. not just the £1 trillion owed by the government but the $10.4 trillion owed in total by us all publicly and privately. the us DOES include all private and public debt in their $16trillion debt figure, the UK does not, so we are in fact lying about the true figures. its the second highest debt in the world and per head is higher than almost every nation on earth. I just want you to be aware of the true situation and let others know. when the titanic sinks will you stay on board with the band or look for the nearest lifejcket?

Originally Posted by the truth

its important people know the true debt. not just the £1 trillion owed by the government but the $10.4 trillion owed in total by us all publicly and privately. the us DOES include all private and public debt in their $16trillion debt figure, the UK does not, so we are in fact lying about the true figures. its the second highest debt in the world and per head is higher than almost every nation on earth. I just want you to be aware of the true situation and let others know. when the titanic sinks will you stay on board with the band or look for the nearest lifejcket?

It's still irrelevant. You can't take on debt reduction when the economy is so bad. Cuts have shrunk the economy, not increased revenues. When times are bad, you invest in jobs and infrastructure. Get people into work, and then go from there.

[the truth]

Originally Posted by Jesus.H.Christ

It's still irrelevant. You can't take on debt reduction when the economy is so bad. Cuts have shrunk the economy, not increased revenues. When times are bad, you invest in jobs and infrastructure. Get people into work, and then go from there.

Debt is never irrelevant, period, try telling those debtors it doesnt matter? Especially one as gargantuan as $10.4 trillion

Its simple to say invest in infrastructure and jobs in bad times, but how many people really do that and where would the money come from? I would add that I 100% agreed with Obama in taking that strategy, however americas gdp is way bigger than ours, they have diversified in way more areas than us...we idiotically put all our eggs in just one or 2 baskets, became over reliant on external nations for much of our energy too...a risky short term foolish strategy started by thatcher and continued by labour. in fact the gap between rich and poor under labour became bigger than since the days of oliver twist, what a disgraceful bunch of champagne socialists they turned out to be....they then tried to conceal their complete failure by buttering us up with gimmick issues like fox hunting and gay marriages, whilst thousands died in illegal wars over oil needed to save our economy, the biggest property crash ever, thousands froze in winter and tens of thousands died of abuses in hospitals and no military hospitals for injured war vets.

the US GDP in effect covers their debts...ours does not...Especially when we were in danger of losing our credit rating. Our low interest rates and the fact this government has at least taken some action to rectify a failing economy is the main reason weve kept the interest rates lower than almost all other european nations. Brown was right up to a point but he didnt act soon enough and he didnt sell his idea well enough.

I would add this government should have done way more. Its pathetic in fact how little they did. then again labour did nothing at all for small businesses in 13 years. Thats a disgraceful endictment of their ultimately failed government.