Thursday, 14 March 2013

Government Borrowing and Spending to Create Growth

This is how it works.

Imagine you have a spouse, kids and house - so mortgage, food, heating etc to pay for - and you lose your job and can't get another one.

What you do is...

  1. Take out all the loans you can - empty your bank account, hit your limit on all credit cards.
  2. Spend all this money on luxuries you wouldn't normally buy.
  3. Wait for the shops you spent all your money at to offer you a job to cope with the 'boom' they just experienced
Good eh?

Or

The state spending to promote growth is like a starving man eating his own leg to fatten himself up.

3 comments:

  1. Then spend all your wages on servicing your debt, sell all your luxury goods on ebay, financially tighten up like a camel's ass in a sandstorm, lose your job due to poor sales then start all over again ....

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  2. You forgot to add 'Donate to charity to kid others into believing you still have the money and the power'

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    ReplyDelete
  3. Good comments - hard to beleive the government don't 'get it'. Or maybe they just dont care...

    ReplyDelete