Quote:
Originally Posted by OLD BOY
That’s what inflation is for, jfman!
My point has nothing to do with your 100% / 85% comparison. It is about re-balancing the economy. The disparity between our expenditure and income levels had to be equalised in order to pay off the debt.
That’s why the government referred to the problem as the deficit.
But of course as the revered economist on this forum, you knew that.  |
I know it's absolute rubbish, OB.
Pray, tell where does the deficit go and when do we ever pay off even the manageable 86% of the national debt?