irie wrote: ↑Tue Nov 21, 2023 8:15 pmEnlighten us.Count Steer wrote: ↑Tue Nov 21, 2023 7:12 pmAh, the sins of the fathers...Deuteronomy 5:9-10Cousin Jack wrote: ↑Tue Nov 21, 2023 6:11 pm It is all the economics of madness. Debt near (or above GDP) might just be acceptable if we were investing in infrastructure that will pay for itself over the next 100 years. We are not, we are spending most on current account stuff that should be funded from current taxation.
Basically we are spending more than we earn. And that is not sustainable. Our children and grandchildren will have to pay for it.
Guess who made this mess?
You're quite bright, I expect you'll work it out.