The Myth of record debt!

Really2

!!!!!!? wrote: »

.... Well, if you apply that line of thinking to debt in general then you can stop counting up any and all debt as presumably it will be paid back?

Congratulations on winning the Olympic 'metal contortionism' event.

Still, inflation never a problem. Debt never a problem. You should join the government.

Ps. Don't even start thinking about PFI or Public Sector Pensions. Good going.

Not what i am saying at all but never mind.:rolleyes:

A debt is only a debt when the money has been taken so how much of the bail out money has been taken?
Their figure is a future estimate so spin!

inflation is not a problem at the moment interest rates have been virtualy halved and inflation is falling. We should be seeing the opposit should we not.
Deflation is being accounted for not infation, inflation over the next year will not happen (well not over 3%)

purch

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2186rank.html

Lists the major nations of the world and their public debt as a % of GDP

On this scale we are doing rather well !!!!

Really2

purch wrote: »

https://www.cia.gov/library/publicat.../2186rank.html

Lists the major nations of the world and their public debt as a % of GDP

On this scale we are doing rather well !!!!

link does not work?

Cannon_Fodder

You don't want to hit that link, they'll have your shoe size in no time at all...

chucky

purch wrote: »

https://www.cia.gov/library/publicat.../2186rank.html

Lists the major nations of the world and their public debt as a % of GDP

On this scale we are doing rather well !!!!

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2186rank.html

pretty interesting France is 23rd and Germany is 20th. UK is 50th.

i'm really surprised - from some of the rubbish that gets posted on this forum by the usual posters, i would have thought that we would have been right at the top with with Zimbabwe and Lebanon

Dithering_Dad

chucky wrote: »

i'm really surprised - from some of the rubbish that gets posted on this forum by the usual posters, i would have thought that we would have been right at the top with with Zimbabwe and Lebanon

WTFian economics. Predictions and statements based on nothing more than the idle ponderings of a low level clerk at Stockport Council. :rotfl:

Really2

chucky wrote: »

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2186rank.html

pretty interesting France is 23rd and Germany is 20th. UK is 50th.

i'm really surprised - from some of the rubbish that gets posted on this forum by the usual posters, i would have thought that we would have been right at the top with with Zimbabwe and Lebanon

No thats the world song contest. Us in 50th again:rolleyes: :rotfl:

Really2

Cannon_Fodder wrote: »

You don't want to hit that link, they'll have your shoe size in no time at all...

I thought you had me on ignore.

StevieJ

RecoveringAlcoholic wrote: »

I have posted this before.

They should get out on the streets.
Count the number of For Sale boards you pass on the way to work.


I don't know about you, but I see less house for sale boards now than I did during the boom.

tomstickland

PFI finance and unfunded public pensions take the debt well over 100% of GDP.
Now that there's a "downturn", the solution is clearly to print money and borrow more. Bravo!