I would fully accept this and even support the borrowing - if I had the confidence that it would lead to repayment rather than just be left as increased debt at the point in which inflation drives up interest ratesBorrowing rates are at their cheapest in ages. You'd have to be a fool to not seriously consider borrowing now.
But you said I moved the goalposts after you "called me out" on that post. Now you're saying I moved the goalposts by posting the graph in the first place. So which is it?Your post was a direct response to me saying I wanted to keep borrowing down. You didn't post a graph in relation to borrowing did you? So you've moved the goal posts as I said.
Just how fucking stupidly was that announcement managed !!Social care? What they propose is far less damaging than it is now for most people.
And the economy is in good shape, as well you know.
You really think security would be better under the leadership of a man that voted against anti-terror bill for the last 30 years?
You've posted a load of bollocks, been called up on it and then moved the goalposts of the argument.
He does talk some shite but he's right on this. For once.You're talking shite
Your last sum is a bit wrong there. But in your example, the debt is increasing, but the rate of increase in the debt is decreasing fairly substantially. So why is the same not happening with national debt?You're both arguing strawmen which I'm not going to engage you in.
I simply explained for those that are obviously very confused on the subject how the debt is at record levels despite the Tories reducing the deficit by 75%.
It's been explained so many times on this forum in the last two years but I'll go again. You take over a failing company, its losses have been growing on a year by year basis before you come in as follows:
Year one: £10,000 loss (10,000 debt)
Year two: £15,000 loss (25,000 debt)
Year three: £20,000 loss (45,000 debt)
You take and get things in control (overheads drop and you start improving your income) and whilst still not turning a profit, you start getting towards it
Year four £12,000 loss (57,000 debt)
Year five £8,000 loss (65,000 debt)
Year six £6,000 loss (72,000 debt)
Oh it was completely idiotic.Just how fucking stupidly was that announcement managed !!
Has anyone actually voted yet? ;-)
The slight problem with your analogy is if you take too long to eliminate your deficit ( or reduce your losses), then your total debt racks up and ultimately you can't afford to repay the interest and/or the bank caps your overdraft.You're both arguing strawmen which I'm not going to engage you in.
I simply explained for those that are obviously very confused on the subject how the debt is at record levels despite the Tories reducing the deficit by 75%.
It's been explained so many times on this forum in the last two years but I'll go again. You take over a failing company, its losses have been growing on a year by year basis before you come in as follows:
Year one: £10,000 loss (10,000 debt)
Year two: £15,000 loss (25,000 debt)
Year three: £20,000 loss (45,000 debt)
You take and get things in control (overheads drop and you start improving your income) and whilst still not turning a profit, you start getting towards it
Year four £12,000 loss (57,000 debt)
Year five £8,000 loss (65,000 debt)
Year six £6,000 loss (72,000 debt)
The debt has still doubled even though you've reduced the losses by 75% but with good stewardship your back yourself to start making a profit again now everything is under control.
Ps, how anyone can say that a 75% reduction in something is "barely slowing" fuck only knows. If you're going down the motorway at 100mph and come across road works or heavy traffic and drop your speed to 25 mph then I doubt you'd say you've barely slowed.