Ostroeuropa wrote:Dooom35796821595 wrote:
So...the debt is 90% of GDP and growing. And you think throwing money at it will fix things?
If we look at it another way, if our debt wasn’t so high, we’d have a lot more money to spend on important issues like the NHS and defence. But the more massive borrowing that happens just limits the money available in the future, which with an ageing population is going to increase.
Raising taxes and investing in the economy is the solution. I'm also okay with raising the retirement age personally given the expanding lifespans and better quality of life among the elderly that functioning modern healthcare provides.
Raising taxes on who? The rich? And when that’s not enough?
That’s always the problem, you have the reckless tax and spend in Labour, that then gets countered by the radical tax cut and spending cutters in the Conservatives. If both sides would take a more moderate position we would be in a far better position.