Thursday, April 15, 2010

The stark truth of what the National Debt means for us all

Gordon Brown looks forward to his ex-prime ministerial pension, worth £5 million pounds

Azeem Ibrahim, of Conservative Home, details the British government debt crisis which is baked into the cake and headed our way:
Would you be shocked if you learned that every year, each household spends £100 of their tax on interest payments? How about £500? Because the true figure is a whopping £1,206, according to debt website

...It is getting much, much worse. By fiscal year 2014-15, that £45 billion we are giving to investors in interest is expected to almost double to an eye-watering £71 billion. That is more than the entire education budget.
Thanks, Gordon.

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