Quote:
Originally Posted by Paul
Bestowed at the request of everyone who wanted (still wants) lock downs.
Whoever was in power would have had the same burden, Labour would likely have spent even more, with any even bigger resulting debt.
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No generation of politicians until this one has ever considered debt a problem.
Despite record low interest rates meaning the cost of the debt is virtually zero, especially compared to the 80s and 90s, and in actual fact the real terms amounts of debt frequently being eroded by inflation.
There’s never been a better time to borrow and invest.
It’s a political choice to erode the role and purpose of the state. Nothing more and nothing less. It’s got no basis in any economic theory for promoting growth.