Quote:
Originally Posted by mertle
I not saying dont cut I am saying do it at pace the country can support this slash and burn will get us in worse mess..........snippety snip snip.
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The problem when you have so many of the public refusing to accept that the good times of unlimited credit are over and refusing to give up a lifestyle they cannot afford and was paid for on credit they will never accept the idea that they cannot have it anymore .The longer it takes to get the loan payments down the longer we will have to have reduced services .
I have posted a link showing the interest payments for the first half of 2010 ,21 billion ,that is only the interest for half of the year ,it does not include any actual repayments of borrowed money the sooner we get rid of that the better for UK PLC