Message from @PureEvilPie
Discord ID: 641981602997731337
He was genuinely a very good chancellor
how do you think they pay for stuff if they inherited spending 100bn more than they take in from taxes?
Wacka
A countries budget
Isn’t the same as a household
A deficit isn’t inherently a bad thing
yes... they have to "borrow" treasuries
Well the projected deficit spending is 17 billion for 2020
You spend more to make more in the future
Because your source of income
Surprisingly not a lot compared to other spending
Is for the most part stable
So there’s less risk
increasing QE to pay off that massive deficit is definitely a bad thing
Look up Keynesian economics
look at the £
untill the stop QE its just going to keep going down
Prolonged austerity is worse though
Lack of investment is bad for potential growth
before labour turned the deficit to 100bn the £ was at $2.00
Mate fuck off
You’re happily ignoring the GLOBAL CRISIS
yes... we have austerity BECAUSE of the deficit
Austerity short term
Is okay
Prolonged austerity
Is really bad
and you literally were just complaining about the debt tories were piling on!... which is BECAUSE OF THE DEFICIT 😛
But it’s very debatable
A deficit
Isn’t
A
Oh shit I’m gonna get called again
Celled*
where do you think the money comes from? magic trees?
It comes from borrowing and taxes
Debt based slavery
Don’t lecture me on economics wacka
when you don’t even know what Keynesian economics is
All you’ve said is Tory talking points