Comments by "gerhard7" (@gerhard7323) on "Has The UK Run Out of Money – Is The Government Broke?" video.

The debt itself is less of a problem than the lack of growth. Some people run on high debt levels all the time, but that's because they have enough regular and reliable income to service that debt. Extending this credit card analogy, the UK is borrowing more just to spend on its 'basics' because its 'income' ie taxation is consistently falling short of covering those costs ie its deficit as opposed to its debt. Consequently the cost of serving the interest payments, effectively dead money, on its growing debt is steadily forming an ever larger part of its expenditure and consuming ever more of its productive output.
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