17,384 Million Pounds

[JamesWales]

Re: 17,384 Million Pounds

Wtf are you going on about 'right wing tropes'. I'm genuinely a bit sick of your in particular wading into stuff like this with abuse. There's no tropes or anything going on. It's a fairly sensible discussion using data about how much the country borrowed which is at very high levels. I advocate that! I don't object to furlough etc

You're a bit of a bully tbh and an intolerant one at that.

The figures being borrowed are unprecedented in decades and I'm not advocating any policies so take a step back before you post.

Quit the student politics language please.

[az city]

Re: 17,384 Million Pounds

Wtf are you going on about 'right wing tropes'. I'm genuinely a bit sick of your in particular wading into stuff like this with abuse. There's no tropes or anything going on. It's a fairly sensible discussion using data about how much the country borrowed which is at very high levels. I advocate that! I don't object to furlough etc

You're a bit of a bully tbh and an intolerant one at that.

The figures being borrowed are unprecedented in decades and I'm not advocating any policies so take a step back before you post.

Quit the student politics language please.

Merry Christmas.

Could I recommend you do some research on historical debt/GDP ratios?

[delmbox]

Re: 17,384 Million Pounds

Wtf are you going on about 'right wing tropes'. I'm genuinely a bit sick of your in particular wading into stuff like this with abuse. There's no tropes or anything going on. It's a fairly sensible discussion using data about how much the country borrowed which is at very high levels. I advocate that! I don't object to furlough etc

You're a bit of a bully tbh and an intolerant one at that.

The figures being borrowed are unprecedented in decades and I'm not advocating any policies so take a step back before you post.

Quit the student politics language please.

There was absolutely no abuse whatsoever in what he wrote, don't be so sensitive

[JamesWales]

Re: 17,384 Million Pounds

There was absolutely no abuse whatsoever in what he wrote, don't be so sensitive

He wade's in all the time making accusations that aren't there. There's no tropes whatsoever in what I wrote.

[JamesWales]

Re: 17,384 Million Pounds

Merry Christmas.

Could I recommend you do some research on historical debt/GDP ratios?

Thanks Prof.

It's at its highest since the 1970s at least. The UK hasn't had this level of borrowing for decades.

You can argue that matters or not, I wasn't making that point but thanks for wading in and making assumptions, as per.

https://www.ons.gov.uk/economy/governmentpublicsectorandtaxes/publicspending/bulletins/ukgovernmentdebtanddeficitforeurostatmaast/june2021

[A Quiet Monkfish]

Re: 17,384 Million Pounds

Oh come off it.

First, UK austerity is now widely acknowledged to have been a huge own goal and a bust (cf Joe Stiglitz).

This "amazement" at borrowing and debt levels is one of the standard rightwing tropes that emerges from time to time before they slam the poor with austerity claiming it's about controlling public finances. For context, the UK's current GDP is around 3T. In your language that's GBP 3,000,000M. Does 17,400M GBP now seem that big? I think not.

A few other things that seem missing in your picture. The UK economy is not (as Thathcer said) like a household. The National Debt never has to be repaid. That is a crass oft-peddled misunderstanding of the macroeconomy. Debt has to be serviced sustainably to maintain confidence in the currency but the debt can revolve forever. Effectively it means the UK has to cover its interest payments so the ROW is confident it will continue to do so and carry on buying its debt instruments.

Your'e right about the Nat. Debt never having to be repaid, but BC [before Covid], any Govt. would have made a fair effort at keeping a lid on it and also the balance of payments. I think the overall debt liability for the Govt. is closer to Ł6T when pensions etc are taken into consideration. The problem facing this or any other Govt. is falling tax revenues, exponential future increases in care, health etc., and the need to increase interest rates to curb inflation, but unable to do so. The 'West' has seen standard of living growth year each decade for 100's of years, excepting recession/war. I think that's as good as over.

[life on mars]

Re: 17,384 Million Pounds

It is bullshit, as is the perpetual claim that the NHS is 'safer' under Labour.

A brave political party statement would be to say the NHS Is no longer sustainable or fundable , but hey like Covid it's a great political tool.

[delmbox]

Re: 17,384 Million Pounds

He wade's in all the time making accusations that aren't there. There's no tropes whatsoever in what I wrote.

Fair enough, just seems a bit of an overreaction from someone who's joyfully accusing people of being "Angries" in another thread

[JamesWales]

Re: 17,384 Million Pounds

Fair enough, just seems a bit of an overreaction from someone who's joyfully accusing people of being "Angries" in another thread

Maybe an overreaction, that does happen to us all.

What you mention is additionally in response to unwarranted abuse on other threads that tbh I think should be called out.

It doesn't have to be like this. Civil conversation and debate is possible.

[lennybluebird]

Re: 17,384 Million Pounds

take it from the MONEY tree that teresa may got the 43billion to give to the european crooks when she negotiated GB staying in the club

[Rjk]

Re: 17,384 Million Pounds

A brave political party statement would be to say the NHS Is no longer sustainable or fundable , but hey like Covid it's a great political tool.

complete bollocks as well

[Eric the Half a Bee]

Re: 17,384 Million Pounds

take it from the MONEY tree that teresa may got the 43billion to give to the european crooks when she negotiated GB staying in the club

Or the billions she gave to the DUP to stay in power.

[Harry Paget Flashman]

Re: 17,384 Million Pounds

He wade's in all the time making accusations that aren't there. There's no tropes whatsoever in what I wrote.

There wasn't any abuse though. He just countered your point very reasonably.

[Des Parrot]

Re: 17,384 Million Pounds

About the same as Rambo’s salary if you listen to Juve fans

[lardy]

Re: 17,384 Million Pounds

Wtf are you going on about 'right wing tropes'. I'm genuinely a bit sick of your in particular wading into stuff like this with abuse. There's no tropes or anything going on. It's a fairly sensible discussion using data about how much the country borrowed which is at very high levels. I advocate that! I don't object to furlough etc

You're a bit of a bully tbh and an intolerant one at that.

The figures being borrowed are unprecedented in decades and I'm not advocating any policies so take a step back before you post.

Quit the student politics language please.

Check out angrypants here, getting upset at being corrected by someone else on his phone screen. What a thing to be furious about.