Saturday, September 19, 2009

£519,868,800 per day

The Times is reporting on the rising amount of staggeringly large debt that the British Government - and therefore Britain - is in:
Britain is clocking up debt at a rate of £6,017 per second as the Government struggles to balance the books. With tax receipts plummeting because of the recession, state borrowing grew by £16.1 billion last month — almost twice the entire budget for the 2012 Olympics.
Let's think about this. £6,017 per second means £361,020 per minute. Which means £21,661,200 per hour. Which means £519,868,800 per day. And so on. You get the point. It is fucking terrifying.

Now, I don't like any of the major parties, but reading figures like those listed above make me hate Labour that little bit more than the others. Because they have to take the responsibility for allowing an unelected Prime Minister to drag this country into the sort of debt that could cripple it in the future. And there still isn't really a plan as to how the government will manage this debt, let alone try to bring it down.

Brown hasn't so much mortgaged the future as taken out a massive loan with an angry, unpredictable loan shark. And at some point - most probably when Brown is out of power - that loan shark is going to come and demand payment. And then, because of the delusions of Gordon Brown, the incompetence of the Cabinet and the cowardice of the Labour party, we're all fucked.

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1 Comments:

At 9:43 pm , Blogger Jayce Kay said...

Fucked with a capital F in 72pt lettering, in bold with neon highlights then?

I wonder how long it will be before we're buying a loaf of bread, pint of milk and the daily rag with a wheelbarrow of money....?

 

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