Is the UK government going bankrupt?
Is the UK government going bankrupt?
Probably worth a watch, and whether you agree with him or not, being aware of the economic situation here at the moment is probably prudent
Big fan of Gary, he's often spot on.
Note: as Lemmy is a link aggregator, try and add it to the relevant field when posting.
He’s pretty unbiased, and explains it all really well for those of us with no knowledge of how that world works.
Can you explain the link aggregator business once again for the heard of thinking? I’m not sure what you mean, but I’m assuming it’s something I’ve either completely ignored or misunderstood
He’s pretty unbiased, and explains it all really well for those of us with no knowledge of how that world works.
From my, admittedly limited, knowledge of high finance, he seems to know the score and be able to talk about it clearly and without being biased towards it.
Can you explain the link aggregator business once again for the heard of thinking? I’m not sure what you mean, but I’m assuming it’s something I’ve either completely ignored or misunderstood
Like Digg and Reddit, Lemmy is like earlier discussion forum software but set to favour the new post over a new comment and the key is the link, especially on Lemmy. So if I post the same link as someone else has done it will automatically add a link to that post too. It's also why we prefer people post archive links in.the body of the post and the original link as the main one.
Why is this post being downvoted?
I think that people who are dogmatic about politics, from either camp, find his stuff hard to swallow. We’re here because of Tory corruption and incompetence, which alienates conservatives, and it’s being made worse by weak fiscal policy and the ignoring the several elephants in the room of labour, which offends the middle-lefties
It's also a clickbait title though. That's not how national economys work. You cannot equate governmental spending to the budget systems of companies, doing so is intellectually dishonest.
Countries can't go bankrupt... anyone who puts that in their title is full of shit.
I'd rather see comments that challenge the title rather than just blindingly downvoting it.
I don't know much about government finances, but surely there has to be a point where the government is unable to actually pay for any services because it's servicing an insane level of debt, and it cannot continue to borrow more?