Friday, Aug 24, 2007
Debt destruction (depression) here we come.
Independent: For the first time, Britons' personal debt exceeds Britain's GDP
Image if all that liquidity had gone into securing
- Elimination of the UK's carbon footprint.
- Restoration of the nation's crumbling listed buildings
- A high speed rail network covering Cornwall, Wales and Scotland
- Crossrail and tube upgrades
- Housing association new build and new council housing
- Expansion and linking of our national parks and other natural treasure.
Oh, shi%t, the government spent it on a war in Iraq and we spent it on houses we already had, betting on rising prosperity of homeowners without doing anything to raise our productivity, oops! Its the biggest waste and nonsense in history. Are humans smarter than yeast?
Posted by planning4acrash @ 06:50 AM (351 views) Add Comment
4 Comments
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1. Bereasonable said...
Excellent contribution
2. also sold to rent said...
Had to laugh at your "are humans smarter than yeast" comment. I saw a lecture on oil use where than comment was used - I'm assuming you got it from the same one - and it was the funniest thing I'd heard in ages. Unfortunately I'd have to answer a resounding No!
3. Oh Dear said...
"Oh, shi%t, the government spent it on a war in Iraq and we spent it on houses we already had"
So where do you think the money 'we spent on houses' went? It's not exactly going out of our economy is it!!
4. C'mon Correction said...
You've got to laugh at Gordon Brown who thinks he has been prudent in the way he ran our economy !!