uks debt timebomb

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uks debt timebomb

Post by Admin on Wed Sep 20, 2017 9:25 am

It’s very simple: Government policy, since the Conservative/Liberal Democrat Coalition slithered into office in 2010, has been to change public debt – money owed by the state – into private debt – that’s money owed by you.

It is a policy that has succeeded very well, because the Tories (and Liberal Democrats) had control over the nation’s purse strings and were pulling them tight. Anybody who lost state aid still needs money to live, but now they are borrowing it from private lenders instead of the state borrowing it and giving it to them.

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