Borrowing

This has me puzzled. No matter which political party member you talk to or hear talking they all seem to talk about 'borrowing'
I was always brought up to the fact that whatever you borrow has to be paid back with interest so in the long run you are no better off.
So by continual borrowing you are just getting deeper and deeper in debt. ?????

Re: Borrowing

"Neither a borrower nor a lender be - for loan oft looses both itself and friend and borrowing dulls the edge of husbandry"

Shakespeare.

Re: Borrowing

Not only do we borrow but we then send it abroad in Aid. To Countries that have their own essential space programmes.

Re: Borrowing

Yeah it's simple really. They're borrowing from us, the taxpayer without giving us it back.

Re: Borrowing

Yes,I agree,...been there,done that....it was a great learning kerb though.

The problem is with some,...they keep robbing Peter to pay Paul,...
Many are up to their eyeballs in debt.
They also have to have it now...I was such a person.....I have trained my mind...to only buy what one needs.

Go without and save for what one wants.

Unless money is no object of course....

Re: Borrowing

Just bin HS2 and keep the 39 billion in EU foreign aid.

Re: Borrowing

Yes, and for once we agree..

Re: Borrowing

Yeah !!!!

Re: Borrowing

All countries borrow. It's not the same as having an overdraft on your bank account or taking out too many personal loans. We are by no means an outlier. If you think we have a problem you should read about Japan.

Re: Borrowing

X to the power of zero.
Multiple times.