[bots]

Originally Posted by DemolitionRed

Unfortunately, most people look at the fiscal budget the same way they look at their personal domestic budget. Osborne relies on us doing just that because it’s a guaranteed way of making ‘budget surplus’ look like a good thing.

To have a government surplus we would have to push debt into the private sector and that will hurt growth and increase our personal debt.

Playing with words. There are always borrowers and lenders. For the prosperity of the country, you run at a surplus. Anything else is pure codswallop

[DemolitionRed]

Originally Posted by bitontheslide

Playing with words. There are always borrowers and lenders. For the prosperity of the country, you run at a surplus. Anything else is pure codswallop

How do you think they get to that surplus? Do you have any links you are reading that I haven't managed to find? Creating a surplus means a fall in your net assets and will create huge private sector deficits. Government budget surplus has to equal private Sector deficit.
............Private/ Government/ Total
Income... £1000/ £100/ £1100
Spending... £1100/ £0/ £1100
Balance... -£100/ +£100/ £0