General statistics
List of Youtube channels
Youtube commenter search
Distinguished comments
About
Steve Parker
Garys Economics
comments
Comments by "Steve Parker" (@steveparker8065) on "Where is the Money? - What I Learnt on the BBC" video.
Thanks Gary. We should also ask what has happened to National Debt. In 2010 when the Tories came to power it was around £1 trillion by Tory estimates, and that was after we bailed out the banks due to a cross-party decision. It's now over £2.8 trillion almost tripled in just 12 years, despite the dramatic cuts to public services. This a huge slice of our GDP.
161
@extremepoker75 It's owned by individual investors, institutions and foreign governments and some tied to pension funds. The UK would be ostracised from the IFF, WEF, Central Banks and most other international financial institutions if we refused to pay. We, the public are simply collateral for that debt and the higher the debt the easier it is for the Tories to refuse to pay for public services, infrastructure and welfare, hence why they keep it high.
5
@puertodesuerte415 Agreed, the debt will never get paid and GDP will never grow enough to resolve it as that would leave the Tories with the problem of having to spend money on infrastructure and public services. They will carry on their failed ideology of Neoliberalism and keep debt high, even if they need to hide profits. That way they keep their control over us, we are simply collateral and cash cows, in times of war we are cannon fodder.
2