Friday, 31 October 2014
Osborne retires South Sea and WW1 debt
Which, makes me consider on a Friday perhaps it would be better for the Country is all debt raised was hypothecated, so much for defence, the NHS, for investments, for State Pensions. In the short run it would mean nothing, but after about 10yrs the data would start to look more meaningful. All those complaints about say, the Baby boomers sucking up all the money having over-spent in their day, would be much more directly attributable.
No way Governments will ever agree to this then!
Still it's Friday...
“The country is running out of money and everyone is fighting. It reminds me a lot of my childhood.” – Conan O’Brien
“Interest on debts grow without rain.” -Yiddish Proverb
“Forgetfulness. A gift of God bestowed upon debtors in compensation for their destitution of conscience.” -Ambrose Bierce
“Blessed are the young, for they shall inherit the national debt.” -Herbert Hoover
“In the long run we shall have to pay our debts at a time that may be very inconvenient for our survival.” -Norbert Wiener