Soldato
- Joined
- 7 Jan 2007
- Posts
- 10,607
- Location
- Sussex, UK
So been wondering, I read that UK debt is around 1trillion-1.4trillion depending on the source.
What I can't understand is why previous governments have borrowed so much?
What was it spent on?
We don't have flying cars or a super transport system, infact our country looks pretty run down... Where was all the money spent?
Who was the idiot who lent us all this money we clearly couldn't pay back?
In 1976 didn't the UK go bankrupt with an interest rate a lot less than we have now?
Wouldn't it be better to declare bankruptcy, wipe the debt out, I understand this would put us in a bad place with regard to future borrowing and confidence but if we ain't got the money we shouldn't spend it...
Lastly I never racked up this debt so why should I care, it's not my debt?
What I can't understand is why previous governments have borrowed so much?
What was it spent on?
We don't have flying cars or a super transport system, infact our country looks pretty run down... Where was all the money spent?
Who was the idiot who lent us all this money we clearly couldn't pay back?
In 1976 didn't the UK go bankrupt with an interest rate a lot less than we have now?
Wouldn't it be better to declare bankruptcy, wipe the debt out, I understand this would put us in a bad place with regard to future borrowing and confidence but if we ain't got the money we shouldn't spend it...
Lastly I never racked up this debt so why should I care, it's not my debt?