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Alex
Richard J Murphy
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Comments by "Alex" (@Alex-cw3rz) on "The government’s latest accounts show its debt’s fallen massively" video.
Well done proving you didn't watch the video that's exactly what he said. Your second paragraph is just em barrassing for anyone who has watched the video. All that matters is that we are repaying our repayments and we are.
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This shows that government debt should be represented as monthly repayments like with a mortgage so people actially understand what it means in terms of debt.
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Ah that's all well and good but you know what your talking about. We need someone to just scream national debt, so that status quo keeps going.
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I think something else is that a lot people see that number and worry about only that and would do at expensive of everything else. But they don't seem to realise that debt has repayment plans. Focusing on that number is pointless. What you need to focus on is our repayment plan and how much that is. To compare it to a person, it is most like a mortgage, you measuring that in your monthly repayments and you know when you've payed your monthly mortagage repayment, you can do whatever you want with the rest of the money. I think looking at the national debt is a figure of interest, but I think a much more important figure is our monthly repayment. Not just would it be much more helpful it would also make it much easier for peopke to visualise the management of that debt and even real ways of getting in more such as calling our own debts from tax avoiders.
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Genuinely so eye opening thank you so much! You need to be on the news
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