So the economy

What the hells going on? What's going to happen? Are we going to all end up in caves again except for the small percentage of elite billionares who will gain more?
This is deliberate... Why can't anyone see what's going on?

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tallpowerhouseblonde · 36-40, F

Very low interest rates will mean public finances will be okay even with higher debt.Here in England it will take until 2024 to get everything back on track.
It is important people realise that a country's financial position is separate to that of industry.

SomeMichGuy · M

@tallpowerhouseblonde Yes! And government is SUPPOSED to take on things which don't *make* money, including being the consumer of last resort in times of economic trouble.

tallpowerhouseblonde · 36-40, F

@SomeMichGuy Not necessarily.When a government takes on anything that does not make money the burden falls upon all taxpayers to fund that decision.The government has to show fiscal responsibility and not throw away money on lost causes and poor choices.Governments have zero money all funding is from taxation and borrowing.Debt accrues interest payments and also must be repaid.