Our government spends more money than it takes from UK taxpayers and borrows the rest. When you have debts, you transfer to your lender(s) a measure of control over what you do - why would anyone risk their money with you otherwise?
Being in hock (to "the market") is the other side of the appalling budget deficit. The British people learned all this in the 70s but once Brown ditched prudence back in 2001/2, we apparently enjoyed all the State spending that was going on and chose to forget the consequences. -----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Richard Naef Sent: 07 May 2010 16:51 To: 'list leedslist' Subject: Re: [LU] Eeny meeny miny mo > One expert being interviewed said that it has to be sorted > out very quickly or Greece here we come, as we are more in > debt than Greece. And other experts and other measurements of GDP/Debt show we are nothing like as deep in the doo-doo as Greece, so don't start warring yet - if Portugal and Spain default then it might be worth investing in a gun. What annoys me is that everything depends on how the "market" feels about the situation. _______________________________________________ the Leeds List is an unmoderated mailing list and the list administrators accept no liability for the personal views and opinions of contributors. Leedslist mailing list [email protected] http://list.zetnet.co.uk/mailman/listinfo/leedslist and the hardest time in a sailor's day is to watch the sun as it sails away
