Growth , growth we must resume growth to be able to pay the national debt... words we keep hearing from every fkin politician , economist , Eurocrat and media both written and broadcast...
And yet there is one question that no one ever asks, a simple logical question that when the answer is reconised and acknowledged would or at least should change the way this whole freaking mess is being dealt with..
So here's the question:
How on earth are we going to stimulate growth ( which means to create an economy that produces more this year than it did the year before) when the growth in the 5 years to 2009 was entirely stimulated by trillions of pounds of irrisponciable credit being dropped into the economy . ?
EVERY SINGLE POUND OF SO CALLED GROWTH SINCE THOSE YEARS IS COMPLETLY SET OFF BY THE AMOUNT OF CREDIT DROPPED INTO THE UK ECONOMY!!!
So there was never really any growth anyway .. just a regurgitation of the credit given ......the government took a slice off every person / business that the funds passed thro ..... until we reached today when there was nothing left.
There are neither the available funds to give credit or the appetite to use credit ... it.s simples ... there will not be growth.. there will be massive decline because the government is still taking a slice that the people /businesses cannot afford.
The answer is simple common sence : the government MUST STOP SPENDING MONEY IT DOESNT HAVE , AND THE PUBLIC HAVE TO HAVE MORE REALISTIC EXPECTATIONS OF WHAT WE CAN RECEIVE FROM THE GOVERNMENT.
But that aint gonna happen .......so I am afraid to say its every man for himself!!!