15-12-2021, 15:09
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#654
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Architect of Ideas
Join Date: Dec 2004
Posts: 11,146
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Re: Coronavirus
Quote:
Originally Posted by nffc
The government having the debt is a completely different scenario, though ultimately furlough either adds to the total debt as a country or leads to more taxation or spending cuts to try and balance it.[
The scenario is more around families, people who work in the sectors which are likely to have to close or be restricted again if this goes further, in the absence of furlough support, these people will have the same to pay for, themselves and families to feed without the work and money coming in to pay for it, the companies won't be able to support them as they aren't able to trade and bring money in, if the government doesn't then will they be able to afford heating, electricity, food bills, etc etc.
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There’s no plan to pay the existing debt, there’s just borrowing and eroding it with inflation.
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