We're going to need a bigger box!
November 25, 2008 3 Comments
Gulp….
Filed under Uncategorized
3 Responses to We're going to need a bigger box!
Leave a Reply Cancel reply
Latest from Tory Radio
- The Tory Radio Daily is out! paper.li/toryradio/poli… ▸ Top stories today via @ChriswMP @halfon4harlowMP 6 hours ago
- The Tory Radio Daily is out! paper.li/toryradio/poli… ▸ Top stories today via @WoodlandTrust @tobyperkinsmp @LauraSandysMP 1 day ago
- The Tory Radio Daily is out! paper.li/toryradio/poli… ▸ Top stories today via @DanHannanMEP @MirrorJames @isaby 2 days ago
- Lancaster bomber just flew over our place. Joy of living in lincs! 2 days ago
- The Tory Radio Daily is out! paper.li/toryradio/poli… ▸ Top stories today via @julianhuppert @PickardJE @grahamemorris 3 days ago
- I'd sack the guy handing over the medals to Platini. He's just dropped two #chelsea 3 days ago
- Holders of champions league. Holders of Europa league #justsaying #chelsea 3 days ago
- The Tory Radio Daily is out! paper.li/toryradio/poli… ▸ Top stories today via @RicHolden @spellar @Spectator_CH 4 days ago
- . @citycyclists @liberalpenguin tonight given the weather I wouldn't feel safe in or on anything with no lights. 4 days ago
- @citycyclists don't disagree with U. What if I'd hit the guy tonight. No lights dark and raining cats an dogs. I'd be in wrong. Wud b Awful 4 days ago
Recent Posts
Archives
- January 2013
- September 2012
- January 2012
- December 2011
- November 2011
- September 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- June 2006
- May 2006
- April 2006
- March 2006
- February 2006
- January 2006
Public sector debt now here is the real irony . We run a significant trade deficit with China and our oil rich friends in the middle East. They of course run up huge surpluses and then proceed to lend us back the money that we have given them so that Alastair and Gordon can defer economic reality via a huge pubic sector deficit. The reward to China is to receive even more money from us in the form of interest payments. If they decide to stop lending then the £ collapses and we call in the IMF. Then we really will need a big box. One to carry away the remnants of the labour party!Â
Bankrupt Britain?
So is the country bankrupt? My understanding is that we owe approximately 300% of GDP. All we need to do is live and cease spending for 3 years and donate all earnings to paying off debt. Of course that could never work so it will take far longer',more like decades. If you had a debt that would take you decades to pay off then bankruptcy might actually be a viable option. Maybe Mrs Thatcher had the right idea when she likened the managing of public finances to he father's corner shop. Labour have also used a shop as their role model; WOOLWORTHS!