Friday, 22 May 2009

Grappling with Debt

John Redwood MP
" How many more wake up calls does the government need, before they recognise the seriousness of the UK’s debt situation? In government circles it is fashionable to dismiss arguments that we need to control the deficit. They believe that spending whatever it takes will prevent or limit the recession. They think they can go on printing money to get them closer to the next election. They say that of course the UK will never default on its debt. All it has to do in their world is print some money so it can meet the debt bills."

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