Re: Am I missing something?
Originally Posted by
Malc.27
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What will change (in this Country), if and when the 'deficit' is paid off...I can't see where we will be any different than now?
The Government isn't likely to invest in new (well paid) jobs. I'm sure there will still be Zero hours contracts...Unemployment...Low-pay etc.
I must be missing something, but I can't see what it is...
Perhaps someone here can explain?
Malc.
I think you are missing something Malc 27. It is just basic economics, and no different to every household budget really. We have x amount of income. If we take out a loan then whilst making repayments we have less to spend than we did before, so when we have paid off our debts we can afford to spend a little more on ourselves rather than give debt interest to the bank.
The country runs in much the same way. We generate x amount of income from taxes etc, and if we weren't spending huge amounts on debt interest we could afford more schools, better transport, greater health spending etc. etc.
Simples....
P.S. some actually like zero hours contracts and stay on them through choice, being self employed I was on one most of my working life.