good grief
Yr 1 - Country spends ?50 more than it receives. ?50 debt.
Yr 2: Spending cuts mean country only spends ?45 more than it receives. ?95 debt.
Yr 3: Further spending cuts mean it only spends ?40 more than it receives. ?135 debt.
Yr 4: Even more spending cuts mean it now only spends ?35 more than it receives. ?170 debt.
Add lots of zeros and perhaps you'll understand why national debt can go up dramatically even in the face of spending cuts
Debt will not go down until a surplus is achieved.
Posted By: CWC on November 25th 2015 at 16:33:54
Message Thread
- Chelts, gonna have to stop you there. Here's a graph of UK debt. Brown took over 2007 (General Chat) - pants, Nov 25, 16:27:56
- Dear oh dear... (General Chat) - Cheltenham_Canary, Nov 25, 18:54:41
- You seem to lack a basic grasp of economics (General Chat) - Tony Martin, Nov 25, 17:59:50
- Do dry up pants (General Chat) - Old Git, Nov 25, 17:31:34
- Christ, just imagine labour in power till now. Would be ten times higher. (n/m) (General Chat) - Hulk Rules, Nov 25, 16:48:31
- good grief (General Chat) - CWC, Nov 25, 16:33:54
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