Anytime you feel like an answering the question
Quote:
|
just how long can a shutdown of the economy be “easily” sustained?
|
Just go right ahead and say so.
Quote:
Originally Posted by jfman
Considering we didn’t fully pay off the debt to free slaves until 2015 it’s important to remember Government borrowing in context.
|
Wow, OK. When the Government financed that act in 1830 something that was 40% of its budget. Last year the government budget was £821B, 40% of that is £328B, a figure already stated as the cost of the pandemic, and we’re not through it yet, and you are happily content to continue racking up the debt with gay abandon. You quite happy for the taxpayers to payoff this debt that is easily “handled
“ for the next millennium, after all it won’t be your problem.
Quote:
|
We are already £2 trillion in debt,
|
Brilliant, that’s a razor sharp economic mind at work right there.
Quote:
|
and nobody regrets the glory days of cheap council houses and selling off nationalised industry on the cheap.
|
They were all sold off at market rate, Investors of nationalised industry bought companies that had been chronically starved of investment with workforce’s used to public sector mentality and unaffordable pensions.
Quote:
|
The Government will always be in debt.
|
and there is a tipping point, but again you don’t care about that
Quote:
|
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”.
|
We will undoubtedly have a recession, but you’re happy to Go skipping into a depression.