Free school meals: how to pay down the debt the Lib Dem way

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Originally Posted by Rozi

Our taxes, and I am hugely happy for this to be a result of where my taxes go. This country is always always going to have debt, I'm not really sure where your issue with this comes from? Where would you prefer it to go if not to increase the quality of life for a fairly huge proportion of our society?

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I'd prefer it to stay in peoples pockets and that parents pay for meals rather than forcing everybody else to.

I see from this thread that people simply aren't taking the debt seriously. You all will though when it has to be repaid.

Yeah it'll be terrible just like all those other times that we've repaid the country's debts...

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Originally Posted by FlyingJesus

Yeah it'll be terrible just like all those other times that we've repaid the country's debts...

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Yeah you do realise once you rack up a certain amount of debt that you can no longer pay it off, right?

You know like Greece, Spain, Portugal etc?

No you stop being able to pay it off when you have no working economy, debt itself can carry on going up and up as long as there's something going on

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Originally Posted by FlyingJesus

No you stop being able to pay it off when you have no working economy, debt itself can carry on going up and up as long as there's something going on

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And it's a self defeating cycle as people then know you won't/can't pay your debts off on the timescale that you promised thus higher the interest rates on any future loans you take out or even worse, completely stop lending you money.

If debt didn't matter then we could just double spending. I mean duh.