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Us Government Debt $14 Trillion

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At least they have a debt ceiling! Our government can legally borrow forever. There is no limit to our potential endebtedness.

We really need a system where debt is authorised by referendum. "The UK government would like to borrow another hundred billion pounds. Do you agree to pay this back? YES/NO."

That might concentrate minds. :huh:

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We really need a system where debt is authorised by referendum. "The UK government would like to borrow another hundred billion pounds. Do you agree to pay this back? YES/NO."

That might concentrate minds. :huh:

Not in the UK it wouldn't, as many people can't comprehend such numbers unless you put pictures like this onto the referenda forms

http://www.pagetutor.com/trillion/pallet_x_10000.jpg

If you put it into words they'll do a TL:DR on you.

Also you get the problem of mob mentality and also a lot of people hate their children, i.e. they want uber high house prices and eternal slavery for their children so they can have a bit of comfort. Ask them do you want uber house prices of a future for your children. I'd bet most of them would go for high house prices. AS proven by government policy and elections. And as to why HPC only has 20000 members instead of 50 million.

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At least they have a debt ceiling! Our government can legally borrow forever. There is no limit to our potential endebtedness.

We really need a system where debt is authorised by referendum. "The UK government would like to borrow another hundred billion pounds. Do you agree to pay this back? YES/NO."

That might concentrate minds. :huh:

Isn't it more like -

"The UK government would like to borrow another hundred billion pounds. Do you agree to never pay this back but instead borrow even more in the future over and over again? YES/NO."

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At least they have a debt ceiling! Our government can legally borrow forever. There is no limit to our potential endebtedness.

We really need a system where debt is authorised by referendum. "The UK government would like to borrow another hundred billion pounds. Do you agree to pay this back? YES/NO."

That might concentrate minds. :huh:

Problem is the question would get altered and it would read if you vote NO we'll sack a lot of people, be nice and vote YES keep Britain working.

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At least they have a debt ceiling! Our government can legally borrow forever. There is no limit to our potential endebtedness.

We really need a system where debt is authorised by referendum. "The UK government would like to borrow another hundred billion pounds. Do you agree to pay this back? YES/NO."

That might concentrate minds. :huh:

"Do you want to live within your means?"

I think you would get a good turnout with that referendum.

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Maybe we should have a vote on all government spending. You could have a web site where each department would set up what they are going to spend the money on, new projects, existing committments and so forth, and then we could decide as a nation the budgets for all the departments depending on whether we could justify spending that money on those projects.

I tell you that spending patterns would change pretty radically.

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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