Quote:
Originally Posted by ianch99
Not true. Investment, underwritten by borrowing, invariably applies to "assets" that do not "appreciate" as you put it. Investing to improve the NHS, for example, does not lead to an appreciating asset in the way you have alluded to.
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Any investment in the NHS will only serve to lessen the amount you may have to spend on the NHS. Which is a good thing, but to pay for the NHS you need to to be directing your borrowing to fund projects that will increase your economic output and not at directly funding the NHS (there will be a blend obviously).
Also borrowing to increase spending on public services, increasing massive public sector jobs, a favourite of Labour, to reduce jobless figures is not the answer. current employment figures in this age of austerity shows that it isn’t necessary.
HS2, I think is a good thing and necessary and the links to the North far more important than Birmingham.
Northern Cross Rail and linking that to HS links to Manchester and Leeds is what is required. But it needs to be within the next 10 years and the problem we are so terrible at delivering big infrastructure projects on time, in budget and within a decent timeline we miss the opportunities.