Quizzes & Puzzles14 mins ago
We're all in it together
Now that the country is up to its eyes in debt we get the Tory slogan 'We're all in it together' but when the country was doing well we should gratefully accept all that the politicans have done for us?
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For more on marking an answer as the "Best Answer", please visit our FAQ.I cannot get my head around how in a very short space of time we owe £178bn. This was nothing to do with the average hard working man or woman. We are now expected to knuckle down, work harder for less, and reduce our wages. We know the banks caused the problem but except for Lehmans they are now all profitable and paying large bonuses. If we got into debt we would have to pay it back ourselves but with the banks it has been written off.
If they have used taxpayers money to keep afloat why aren't they paying any back? They don't have to pay it all at once. Instead we are saddled with their debt for the next 20 years or so.
The banks are obviously not in it together with us.
If they have used taxpayers money to keep afloat why aren't they paying any back? They don't have to pay it all at once. Instead we are saddled with their debt for the next 20 years or so.
The banks are obviously not in it together with us.
I know this is economic philistinism - but does the debt really matter.
It's all funny-money. I know we have to pay interest on it but who ultimately do we owe it all to? The Chinese? The Arabs?
Who's ever going to call it in? And what can they do about it anyway?
In the meantime it all keeps going round and round and we'll all live and die without anything much changing.
Someone very wise (I can't remember who) once wrote that owing money you can't pay back is a much better situation to be in than being owed money you can't get back.
It's all funny-money. I know we have to pay interest on it but who ultimately do we owe it all to? The Chinese? The Arabs?
Who's ever going to call it in? And what can they do about it anyway?
In the meantime it all keeps going round and round and we'll all live and die without anything much changing.
Someone very wise (I can't remember who) once wrote that owing money you can't pay back is a much better situation to be in than being owed money you can't get back.