Friday, November 22, 2013
Cannot repay territory
"Today we learned the government added another eight billion pounds in October alone. Yet oddly, there is good news to be found in the mind-boggling numbers" . There are around 25 million workers private and public. The increased debt in October alone is 320 pounds per worker, more for a family with two taxpayers. I don't believe that the bottom half can cover these debts for an extended period because they are already struggling, and when they get lumped up the tax paying chain, I think they progressively overload peoples ability to pay. So interest rates are for sure going to be low. Low interest rates or default. "3 years in to a 15 or 20 year repayment period" was another pithy line, thanks Labour!