it’s right wing bullshit.
The UK is never limited in the amount of £ it can issue to cover govt deficits. Read a textbook. Issuers of currency do not borrow i that currecy. Debt and deficits have economic impacts, but there is no hard limit.
The only reason for austerity is that rich twats want austerity so they can continue their insatiable greed.
Yep. Talk of “the nation’s credit card” being “maxed out” has caused so much damage to the country.
I think it those economic impacts that people want to avoid, though.
The consideration should be the cost of debt servicing relative to the size of the economy or the state budget, not some arbirtrary number auch as debt size as percent of GDP. As you say, what matters is the effect. If it’s cheap to borrow money, and you’re spending that money on something such as infrastructure investment with a positive ROI and a good multiplier effect, then it makes sense to borrow.
I didn’t realise austerity had stopped tbh
It’s still austerity in terms of services but now the Tories have been cutting taxes, which is obviously incompatible with reducing the deficit.
Weird. Did something happen that, y’know, screwed up the economy really good?
You’d think someone might have mentioned it.
True, true. Must be those rotten [marginalized group] then.
Of course, when the ship is sinking we should reduce its weight by removing the bottom.
Or we listen to Keynes this time and simulate growth.
Cutting to growth funny enough doesn’t work and there aren’t really anymore cuts to make.
At the same time, there is certainly tax that could be raised. The country has a load of the world’s rich and Amazon and co are not paying the tax they should be.
The country has a load of the world’s rich and Amazon and co are not paying the tax they should be.
Labour are promising to pay for things by closing the loopholes they’re exploiting. Although, non-doms aside, there’s not much detail about what they’re planning to do, exactly, and how much they expect to raise.
There is so much untaxed wealth yet we are broke.
Using proven solutions? Fact-based policymaking? Seems like crazy talk to me.
Yer… sigh
UK faces intelligence hole, as right wing think tanks. Deluge the public with research aimed to match there desired bias.
I really think it is time for a law. Requiing the media to make clear any bias in organisation, they use to try and shit blast their own properganda during elections.
As should politicians to be honest.
These distorted think tanks are nothing but harm to real research.
There is no reason not to tax the rich to fill that hole.
Print print print— taxpayer bailout
Print print print— taxpayer bailout
Repeat ad nauseam ♾️
