Quote:
Originally Posted by Pierre
Oh no, I totally standby the Complete Bollocks statement whole heartedly.
OK, you didn’t put a time frame - so just how long can a shutdown of the economy be “easily” sustained?
Given that we’ve done it for three months and already predictions are that will cost £337B
Sorry I mis-interpreted “easily”, so you admit there will be consequences, potentially very harsh consequences that won’t be so Easy for people in the future.
Well I certainly think you needed them.
As you seem to be unable to get over the very simple premise that borrowed money need to be repaid, eventually.
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Considering we didn’t fully pay off the debt to free slaves until 2015 it’s important to remember Government borrowing in context. We are already £2 trillion in debt, and nobody regrets the glory days of cheap council houses and selling off nationalised industry on the cheap. Nor is there any clamour to reform the tax system in order to repay that debt. The Government will always be in debt.
You are under the false belief that we won’t have a recession either way, with a long and protracted one costing far more in the long run and that a normal economy is an option on the table. That’s absolutely fanciful, or to use your terminology “complete bollocks”.
Under one scenario the Government has control, can protect the “normal” economy and under the other it does not.