27-10-2015, 07:30 PM
The problem is we are buttfucked by debt from previous governments. The UK national debt is about £1.5 TRILLION!!!
That's £1,500,000,000,000,000,000,000,000!!!!
The interest on that alone is £1 Billion a week (£1,000,000,000,000) which is about 15% of GDP (GDP is everything the country makes in a year) which is like if you earn £2,000 per month then paying £300 a month in interest and that is just interest, we don't get anything for that money, it just goes in someone else's pocket and we're not even reducing the debt.
Even with the cuts we are still spending more than we earn so the debt is going up month on month. It's like taking out a wonga loan every month to tide you over and currently as a country we are that f*cked that soon we are going to be more in debt than we earn in a year.
If we don't sort it we are going to end up f*cked. Yes the cuts are un pleasant and yes people are dying because of the cuts and it will get worse but look at what's happened to Greece.
On the upside once the deficit is gone, because our GDP is going up year on year we can start paying back the debt or increasing public spending again (or both)
That's £1,500,000,000,000,000,000,000,000!!!!
The interest on that alone is £1 Billion a week (£1,000,000,000,000) which is about 15% of GDP (GDP is everything the country makes in a year) which is like if you earn £2,000 per month then paying £300 a month in interest and that is just interest, we don't get anything for that money, it just goes in someone else's pocket and we're not even reducing the debt.
Even with the cuts we are still spending more than we earn so the debt is going up month on month. It's like taking out a wonga loan every month to tide you over and currently as a country we are that f*cked that soon we are going to be more in debt than we earn in a year.
If we don't sort it we are going to end up f*cked. Yes the cuts are un pleasant and yes people are dying because of the cuts and it will get worse but look at what's happened to Greece.
On the upside once the deficit is gone, because our GDP is going up year on year we can start paying back the debt or increasing public spending again (or both)