Mortgage Renegotiation

[Sundae]

There was a letter in my parents' horrible right wing paper the other day. I rarely agree with anything written in it, but this one made me smile.

It suggested that the Government gives everyone over the age of 18 £500 to be spent in this country in the next three months. It claimed that this would be a far better deal that bailing out hundreds of different companies (and more specifically the banks) would cost less and would give the economy the boost it needed without printing more money.

It couldn't work of course - for a start you could never police the conditions, and the infrastructure needed would cost a fortune. But I liked the idea. Of course I did! £500? Yes please. I would spend it all on me & Diz. After all, everyone I know would have the same amount.

Anyway, glad that someone has had some joy out of the economic downturn though Bruce*. And that companies are acting responsibly now. Funny how news travels isn't it? Almost like in ye good olde days, when people would ride from farm to farm. Except this horse runs on petrol. And the internet thing... Nope, can't think of an analogy. Pigeon post?!

* Actually I have too. No-one seems to think it's weird that I am living with my parents again. Mum's friends do not ask "What's wrong with her?" Everyone assumes because I previously lived in London I had a high powered job in banking or finance and am just weathering the storm here. Which gratifies Mum more than me, but in doing so makes my life easier

[monster]

Originally Posted by Sundae Girl

There was a letter in my parents' horrible right wing paper the other day. I rarely agree with anything written in it, but this one made me smile.

It suggested that the Government gives everyone over the age of 18 £500 to be spent in this country in the next three months. It claimed that this would be a far better deal that bailing out hundreds of different companies (and more specifically the banks) would cost less and would give the economy the boost it needed without printing more money.

It couldn't work of course - for a start you could never police the conditions, and the infrastructure needed would cost a fortune. But I liked the idea. Of course I did! £500? Yes please. I would spend it all on me & Diz. After all, everyone I know would have the same amount.

the govt has done that twice in the time we've been here. Each time we've said thanks very much and squirrelled it away

[Beestie]

Originally Posted by monster

the govt has done that twice in the time we've been here. Each time we've said thanks very much and squirrelled it away

Saving it is actually the same thing as spending it. In the long-run, its better. When savings go up, the cost of credit goes down which leads to more investment which leads to... you get the pic.

And paying down debt is economically similar to saving.

[sugarpop]

Originally Posted by Beestie

Saving it is actually the same thing as spending it. In the long-run, its better. When savings go up, the cost of credit goes down which leads to more investment which leads to... you get the pic.

And paying down debt is economically similar to saving.

And smarter.