
Originally Posted by
Disillusioned democrat
The more I think about this the more depressed I get. We're borrowing money that needs to be paid back - I sometimes think people are actually ignoring the fact that this isn't a Bertieesque "dig out" but a loan that the not so nice people from the ECB and IMF are going to want back at some stage.
So our leaders have decided not only to take too much of this generations tax to over-pay themselves, but are happy to dip into the pockets of generations as of yet unborn to maintain their cosseted lifestyle and avoid making any real decisions. My kids and grandchildren will be paying for this government and the current public sector's largesse.
Borrowing for anyother purpose than to secure an asset is absolutely insane - a mortgage makes sense as the borrower hasd an asset at the end and avoids paying rent in the meantime, but borrowing to maintain a lifestyle is absurd - how many time have we collectively tut-tuted on posts about families going to money lenders to pay for a communion dress they can't afford and don't need - well guess what, that's what our "leaders" are doing.
So many interviews coming up to the last referendum were about why we had to vote Yes "to keep our access to borrowings open", and with a twinkle in the eye each minister or junior minister would explain why this was important to their target audience - to pay for the public services, pensions and social welfare - basically, as if we didn't already know, so they can continue to keep the public service happy in their cossetted over-paid bubble, keep the grey vote happy with their decent state pensions and of course to keep the entitlistas happy.
Oddly NO airtime was given to any discussion about the fact that we shoud stop borrowing, cut our cloth to meet the measure and pay our politicians, public servants and social welface recipients as much as we can from the current tax income.