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comrade Brown bankrupting Britains
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Can someone confirm my understanding of this?
1. The government is in shedloads of debt.
2. The government wants to borrow a shedload more in order to get out of debt.
3. Potential lenders think this is daft.
4. The government has to raise yields to attract lenders.
5. The government debts increase because of the higher interest.
If I've got it right, it's a sort of debt spiral, isn't it.
What happens with all these extra debts when we are still running a big deficit?Comment
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Have you been reading "How to run a Labour government in 5 easy steps"?Originally posted by Doggy Styles View PostCan someone confirm my understanding of this?
1. The government is in shedloads of debt.
2. The government wants to borrow a shedload more in order to get out of debt.
3. Potential lenders think this is daft.
4. The government has to raise yields to attract lenders.
5. The government debts increase because of the higher interest.
If I've got it right, it's a sort of debt spiral, isn't it.
What happens with all these extra debts when we are still running a big deficit?First Law of Contracting: Only the strong surviveComment
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Blair did it in 3 steps:Originally posted by _V_ View PostHave you been reading "How to run a Labour government in 5 easy steps"?
1. Drive the country as if in a demolition derby.
2. Just before the wheels come off, hand over to a Scottish numpty who'd kill for the chance to sit behind the wheel, no matter what.
3. Try for president of Europe, after a few years of flogging the book-n-lecture circuits.Comment
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They get bigger.Originally posted by Doggy Styles View Post
What happens with all these extra debts when we are still running a big deficit?"See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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It's payback for 700 years of oppression. Agent Brown's job is nearly done.Originally posted by Bob Dalek View Posthand over to a Scottish numpty who'd kill for the chance to sit behind the wheel, no matter what.Comment
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300.Originally posted by minestrone View PostIt's payback for 700 years of oppression. Agent Brown's job is nearly done.Comment
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I see, you're including when the Scots were doing the oppressing as well.Originally posted by minestrone View PostI'm going all the way back.Comment
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Please give a big round of applause to today’s guest history lecturer; Mr Mel Gibson!Originally posted by minestrone View PostI'm going all the way back.




And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014Comment
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