The population still believes that national debt functions like household debt because the BBC pushed that narrative last time austerity was done in 2008. It worked and it seeped deeply into the population which now genuinely believes that you need to get the national debt to zero to be responsible with your money, like a household, instead of borrowing like fuck and making investments that outpace the cost of the borrowing.
National debt as a % of GDP was 240% when we borrowed to build a million houses, start the NHS and change the country post ww2. Today it's only 80% but people still think we fucking need more austerity.
This attitude is a nightmare. It's the hardest problem in the country. It's the reason that people do not support the left, they genuinely believe that spending at this time is fiscally irresponsible instead of what is needed.
Fr this is becoming the type of powder keg even the most awful conservatives usually have to address because otherwise people start setting shit on fire
at what point do conservatives break rank and call for a general election to avoid riots
surely they can't get away with austerity when predictions are already this dire
The population still believes that national debt functions like household debt because the BBC pushed that narrative last time austerity was done in 2008. It worked and it seeped deeply into the population which now genuinely believes that you need to get the national debt to zero to be responsible with your money, like a household, instead of borrowing like fuck and making investments that outpace the cost of the borrowing.
National debt as a % of GDP was 240% when we borrowed to build a million houses, start the NHS and change the country post ww2. Today it's only 80% but people still think we fucking need more austerity.
This attitude is a nightmare. It's the hardest problem in the country. It's the reason that people do not support the left, they genuinely believe that spending at this time is fiscally irresponsible instead of what is needed.
Fr this is becoming the type of powder keg even the most awful conservatives usually have to address because otherwise people start setting shit on fire