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The interest payments on UK debt is £43bn. That money is going to bankers at the moment, but it should be going to the people. Sooner or later we've got to pay
by tlocke 14y ago
The interest payments on UK debt is £43bn. That money is going to bankers at the moment, but it should be going to the people. Sooner or later we've got to pay down the debt. The longer we leave it, the more the poor will suffer. Look at Greece, it's far worse to be in poverty in Greece than the UK, and that's where we're heading if we don't take action now.
- antihero 14y agoAnd so how is strangling the economy, creating unemployment and destroying our future helping to pay for our debt?
- tlocke 14y agoThe public sector got too big in the UK, and the wealth-creating private sector too small. Osbourne is re-balancing the economy by scaling back the public sector back a bit, and allowing the private sector to grow to increase prosperity. I'm not arguing against the public sector, it just has to shrink a bit.