Thursday, 10 May 2012
Why we have a recession:
When you borrow money to spend, you are spending tomorrows money today and agreeing that you will therefore not be able to spend it tomorrow.
It's now tomorrow.
Today's money was spent by the labour government along with yesterdays money.
While cutting back spending won't "recover the economy" right now, there isn't actually much left to spend. Borrowing even more will just rob our children of even more of their future.
If you think spending is important to maintain the economy, then don't spend tomorrows money today - or you can expect a bleak tomorrow.
Did I mention that it is tomorrow?
Labour have been very generous to you and your friends by maxing out your credit card.