Friday, April 8, 2011

Britains Debt: Way Worse Than People Think

Britain's debt mountain is the equivalent of £138,360 for each household in the country, research reveals today.
The national debt is even larger than initially feared, according to a think-tank.
Official figures, from the Office for National Statistics, show the total public sector debt is estimated to be £876billion, equal to £33,100 per household.
(snippet)
...That is the equivalent of £138,360 each if it were divided between all the 26million households in the country. It is also the equivalent of 240 per cent of Britain’s economic output.

Tory MP Brooks Newmark: 'We have to be honest with taxpayers about the true extent of the liabilities.'
Brooks Newmark, Tory MP and co-author of the report, The Hidden Debt Bombshell, said: ‘The size of the country’s debt is bad, but actually it is even worse than people think.
'We have to be honest with taxpayers about the true extent of the liabilities. Otherwise, it is Enron accounting.’
This is a reference to the American energy giant which collapsed into bankruptcy a decade ago after a web of false accounting was uncovered.

Read more: HERE..


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8 comments:

  1. And President Obozo wants us to believe that England is buying our debt (t-bills) and keeping us afloat?

    When is this charade going to end? When will reality catch up to us?

    ReplyDelete
  2. presidunce obusho did the same and bailed out the banks to the tune of trillions, but no one said anything about it, also no help to new orleans, stand down on 911, started two unwinnbale wars, sanctioned torture, and on and on and on, that is how we got here.

    ReplyDelete
  3. "HSBC Report Warns we Only Have 50 Years of Oil Left." Who the hell is HSBC? They are a bank and financial services company. They have no expertise in oil or geology. This is nothing but PROPAGANDA of the evil banksters. Peak Oil is a complete fraud. Evil, evil propaganda.

    ReplyDelete
  4. buy silver protect yourself from inevitable inflation tsunami thats coming Buy NOw
    1

    ReplyDelete
  5. 1:15 You stupid prick
    At least Bushie baby has a fucking birth
    certificate ~!
    Which is a whole lot more than I can say
    for your sand nigger
    'bout time we start once again calling a
    spade --- a SPADE

    ReplyDelete
  6. Why don't all you racists pack up your bags and go back to the caves you came from, you darkness dwelling cretins?

    ReplyDelete
  7. Because 4.46 Has had a liftime of conditiong to be an Amerikkkan.

    When the “sand niggers” in Iraq and Egyptions in Africa, who once may have been first nomad animal herders, domesticating cows, sheep (perhaps even camel herders) ,they were creating developed material civilization starting with irrigation for Agriculture and domesticating barley wheat and other grains as well as developing metal tools ,inluding inventing spades, reading,writing arithmetic Etc

    While the genetic European “race” people 4.46 apparently claim as his “superor” race ancestors were wandering the forests of England and Europe in skins.
    Hunters and gatherer tribes with stone tools and fire but still only in the second primitive stage of development by humans from Apes to man after the Neothandal first stage .

    The Greeks were the first Europeans to copy the ‘sand niggers” but civilization still took a long time to spread in the rest of backward tribal Europe eventually at the point of Roman swords .When that Empire fell apart destroyed by Barbarian invaders from Europe
    your Western European ancestors entered a Christian Priest ridden dark age of ignorance and mass illiteracy .

    While the “sand niggers’ the Arabs Muslims and Jews continued to develop medicine, science and technology architectural marvels .
    Both of these religions taught basic literacy in order for their people to read the Torah or Koran and eventually they again spread knowledge to the backward Europeans again.
    Some of their descendents ,who know nothing of history just Thick skulled racist nonsence ,even believe they are "racially "superior to “Sand niggers” and “Towelheads “because they now have Mr Joe Six pack, gods gift to Ms Sexual Posers now wearing the pants at home and a stronger military technology .

    Even if their civilization has degenerated once again and its highest cultural expression now consists of re runs of WW Wrestling , American Idle ,Lady Gaga or Mrs Rambo . All overweight couch potatoes eating potato crisps they have bought on credit or by using food stamp handouts.

    ReplyDelete
  8. While I do not condone your racist slant 4>46 I
    do think that the USA has done more for the 60 million black people that live here than their "native land " ever could. And for the 3.26s of the world who desperatly try an attempt tp compare the brainpower and accomplishments of these 2 countries - I say

    Get Real !

    ReplyDelete

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