Reply to: Idiots who get themselves into massive debt

[BrilloPad]

You guys make me laugh.
That figure (43%) is quite good actually. It doesn't really mean a thing. Notice Japan has the 2nd highest and Germany's is in the 60s.
But what really matters in the long run is the trade deficit and that is bad.

So should we borrow more to invest in manufacturing?

I assume you are more worried about the visible trade deficit than the invisible.

[expat]

Christ. Was our debt as bad as this in Labour's last attempt at governing back in the seventies?

Oh FFS read the figures: ours is comparatively good.

Also, it is normally worse under the Tories.

[sasguru]

You guys make me laugh.
That figure (43%) is quite good actually. It doesn't really mean a thing. Notice Japan has the 2nd highest and Germany's is in the 60s.
But what really matters in the long run is the trade deficit and that is bad.

[AtW]

Christ. Was our debt as bad as this in Labour's last attempt at governing back in the seventies?

This one gotto be worse...

[BoredBloke]

But I don't understand this. Surely we have had ten years of the 'best ever chancellor'. How could the nations finances be in such a state with theat slack jawed snot gobblin Cyclops at the helm?

[stackpole]

Christ. Was our debt as bad as this in Labour's last attempt at governing back in the seventies?

[DimPrawn]

Ah, all was OK as long as Brown was chancellor.

Not what you meant?

Yes. Can't we have Brown as Chancellor and Blair as leader again? Everything was booming then.

[expat]

2007 est.

Ah, all was OK as long as Brown was chancellor.

Not what you meant?

[DimPrawn]

Really? I always check figures:

List of countries by public debt - some examples

% of GDP
Egypt 105.8
Canada 68.5
France 64.0
Germany 63.1
US 60.8
Pakistan 52.8
Switzerland 45.3
UK 43.0

2007 est.

[expat]

Started well there my nut munching comrade. We'll snip the rest.

A quick check of the economist back pages will show UK debt / % GDP on par with: Egypt. Pakistan.UK has more debt than USA did (as%). Biggest in Western World. Real chance of default especially if one were to "on-book" PFIs. In fact I recommend to my pal D.C. that they simply stop the PFI payments.

Really? I always check figures:

List of countries by public debt - some examples

% of GDP
Egypt 105.8
Canada 68.5
France 64.0
Germany 63.1
US 60.8
Pakistan 52.8
Switzerland 45.3
UK 43.0

Arguably we don't have enough!

[HairyArsedBloke]

Her Majesty should (as the Head of State and the Armed Forces) order immediate arrest for treason of all Labour MPs and send them to Australia, or something like this.

The Tower of London to await execution.

[Ruprect]

We get theirs on working holiday visas. Check almost any IT Dept.

[ace00]

A lot of debt was put off the books using PFI.
.................

Started well there my nut munching comrade. We'll snip the rest.

A quick check of the economist back pages will show UK debt / % GDP on par with: Egypt. Pakistan.
UK has more debt than USA did (as%). Biggest in Western World. Real chance of default especially if one were to "on-book" PFIs. In fact I recommend to my pal D.C. that they simply stop the PFI payments.

[AtW]

Australia doesn't want our crooks any more.

Make a deal with any country that wishes to enrage in this mutually beneficial agreement: for every Labour MP crook accepted by said country for lifetime imprisonment (compliance with human rights is optional) will get X UK passports issued randomly or to whoever is nominated by their officials. I am pretty sure there will be enough takers to deal with 2000-3000 large UK criminals - in fact, maybe any crime that warrants more than 5 years in jail would automatically mean such person will have to serve them in another country (Afganistan for example). If they don't like it then don't commit crimes.

[DimPrawn]

Australia doesn't want our crooks any more.

We get theirs on working holiday visas. Check almost any IT Dept.