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UK Government Debt - Putting it in perspective

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Comments

  • joe_blotts
    joe_blotts Posts: 151 Forumite
    purch wrote: »
    History is very interesting, but of !!!! all use in solving the current economic problems.

    Those that do not learn from history are doomed to repeat it.
  • BobQ
    BobQ Posts: 11,181 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    LisaW123 wrote: »
    I don't believe the current education system benefits people with ability or intelligence. Those with ability will find a way to progress. Those with intelligence are stifled in an system that is skewed to the average-low end of the spectrum.

    Well said Lisa!

    When I went to university in the 1970s it really meant something to be one of the 5% of my generation to qualify. The idea that 40% can "qualify" today is a complete joke. I am all for expanding the opportunities and making sure that anyone capable of getting a degree should be allowed to do so, but not by devaluing the standards of university education as has happened. The same thing has happened for A levels and GCSEs and to this extent Gove is correct that we need to have higher standards.

    But the quandary is how to reverse this trend without demotivating those who work hard to obtain these qualifications while employers pull their hair out wondering how to select people based on them.
    Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.
  • BobQ
    BobQ Posts: 11,181 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    Thrugelmir wrote: »
    We need people to have the opportunity. Intelligence is not everything. Having the ability is what counts.

    I agree people should not be denied an opportunity if they have the ability. The problem is we have devalued the standards so that those without the ability can now get the qualifications.

    When I was 18 as an ordinary working class lad I thought university education was elitist and it was. There were those of my generation, that did not benefit from having supportive parents with educated friends, who should have had the opportunity to go and would probably have got a good degree. But the idea that anyone who wants to go should have the opportunity is bonkers.
    Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.
  • joe_blotts
    joe_blotts Posts: 151 Forumite
    We can't all be brain surgeons, can we?
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    CLAPTON wrote: »

    whilst that immigrant labour may provide short term economic gains, we are regrettably building a permanent unskilled unemployable underclass.


    That is true and they will cost something to maintain like a dragging sail in water.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • vivatifosi
    vivatifosi Posts: 18,746 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! PPI Party Pooper
    purch wrote: »
    History is very interesting, but of !!!! all use in solving the current economic problems.

    Not sure of that. From this thread I've learned that we're screwed because we no longer have an empire to screw.
    Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
  • macaque_2
    macaque_2 Posts: 2,439 Forumite
    oldvicar wrote: »
    Of course the graph doesn't include off-balance sheet liabilities, which are huge and have grown like topsy.

    A good example today would be all those PFI hospitals

    Quite right. And another thing that concerns me is that the sustainable GDP should be a lot lower than the one being quoted (which has been artifically inflated by government spending).
  • oldvicar
    oldvicar Posts: 1,088 Forumite
    joe_blotts wrote: »
    We can't all be brain surgeons, can we?

    Well its not Rocket Science is it? :D
  • joe_blotts
    joe_blotts Posts: 151 Forumite
    g10-debt.png?w=529&h=395
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    of course putting things in perspective requires both sides of the issue

    so it would be good if some-one could post up the equivalent diagram showing national assetts so we can compare with the debts.

    e.g. I'm aware that Norway has massive sovereign funds funded by some of its oil/gas revenue for the benefit of future generations
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