Originally posted by Not So Wise
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If you were earning £30K a year, and having to borrow another £10K a year to maintain your lifestyle, there is no way you will ever see a recovery, however much more 'the banks' have available to borrow, until you make drastic changes to that lifestyle.
There's a lot of pain required to reverse that deficit. People have not yet grasped how bad the nation's finances are. If they did they wouldn't be grasping at straws.
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