Seeking some light reading this morning, my gaze fell upon a newspaper article by the BBC’s Economics Editor, Robert Peston, about political leaders being less than willing to discuss the minor matter of the national debt in the months preceding a general election. I’ll just pluck this sentence from the article:
Quote:
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For those of you wondering what all the fuss is about, it is mainly that paying interest to lenders on a huge debt is not a desperately productive use of taxpayers’ money.
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I suspect that few people would disagree with that sentiment. The UK National Debt is a horror story.
UK National Debt Clock
Equally horrific, perhaps more so, is the US National Debt.
Read and weep, gentle reader.
US National Debt Clock
If they've been mentioned before apologies are due.
One thing is for certain, neither will be the same as the last time you looked.