Cable Forum - View Single Post

Ignitionnet · 17-06-2015, 11:34

Meh, it's all good. By 2020 private debt is forecast to hit new highs of 170% of income, and will continue to rise as, even if our economy is in balance domestically, we have a nice big balance of payments deficit which, with the government running surplus, will have to be financed by the private sector.

Sorry if this bursts the bubble of there being a magic money tree. If government are running a surplus and balance of payments is negative the private sector is running a deficit. Clearer far smarter for us to fund it than the government, right?

17-06-2015, 11:34	#8
Ignitionnet Inactive Join Date: Jun 2008 Location: Leeds, West Yorkshire Age: 47 Posts: 13,995	Re: Budgets, surpluses, deficits Meh, it's all good. By 2020 private debt is forecast to hit new highs of 170% of income, and will continue to rise as, even if our economy is in balance domestically, we have a nice big balance of payments deficit which, with the government running surplus, will have to be financed by the private sector. Sorry if this bursts the bubble of there being a magic money tree. If government are running a surplus and balance of payments is negative the private sector is running a deficit. Clearer far smarter for us to fund it than the government, right?