David Cameron Warns Spending Could Lead To Britain Defaulting On Its Debt

David Cameron Warns Spending Could Lead To Britain Defaulting On Its Debt

www.marchreport.com

www.marchreport.com...-08-19-A28
David Cameron Warns Spending Could Lead To Britain Defaulting On Its Debt
David Cameron today raised the stakes in the pre-election battle over government borrowing when he warned that Gordon Brown's anti-recessionary spending could lead to Britain defaulting on its debt. In remarks seized upon by Labor as evidence of political naivety, the opposition leader branded Labor's plans to more than double the national debt to £1.4tn in the next five years as a "disgrace" that could lead to a boycott of the UK by overseas investors.

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The 'master plan' appears to be the bankruptcy of the west. This naturally leaves the east in better shape. Why?

Perhaps this is the only 'carrot' the east will follow which TPTB are holding out for them. I hate to think what the stick might be.

With the soft 'gimme, gimme, gimme' westerners crying for TPTB to 'care' for them, the takeover appears easy. But the billions who have been deprived have less to lose, so the carrot works on their leaders instead.

Meanwhile, places like Africa are left to starve to death.

www.marchreport.com
(visit the link for the full news article)

Originally posted by skycopilot
Perhaps this is the only 'carrot' the east will follow which TPTB are holding out for them. I hate to think what the stick might be.

What's TPTB?

The debt compares well with other advanced industrialised nations, as a percentage of national GDP. Mr Cameron is on a political roll, so it is in his interest to paint everything in black colours.

Also, the article spells Labour wrong - poor journalism. Labour is the name of the political party in the UK. Not Labor.

Just some stats which may or may not be up-to-date or appropriate.

National debt #1

Wikipedia #2

Regards

reply to post by paraphi


So having more debt than total wealth is good? On what planet?
Or perhaps alternative universe?

Originally posted by Anti-Evil
reply to post by paraphi

 

So having more debt than total wealth is good? On what planet?
Or perhaps alternative universe?

Total debt is nowhere close to total wealth and yes debt in a modern economy can be good (we can argue about percentages), some would say essential.