Although the tuition fees amendment that Parliament is considering is unpopular, the question remains: how can we afford the high costs of education as they have evolved with not enough money to do so and with such a massive and increasing debt (over £900 billion)?
If this thread's topic is open to a short excursion in finances, very briefly, then cosider that if the national debt continues to rise (as it does), each new year a new budget will present an increasing percentage of debt repayments including the interest (see Greece). Consequently, the Government must reduce spending to repay the outstanding debt for the new budget. But as this debt gets bigger, each year more spending cuts will have to be made. Or more money will have to be raked in through higher taxation; or both!
To be bailed out means merely contracting new debt to pay off older debt, but this too will have to be repaid, with interest.
So how can this Country go on paying massive sums of money on this, that and the other if the financial return does not correspond and an out-standing debit is looming and getting bigger all the time? Isn't it a little harsh to conveniently put all the blame on the Lib/Dems?
What disgusts me is that New Labour's architect Blair has over 20 million pounds in wealth, and assetts to boot, all made in a few years, and increasing all the time!
This the 'new socialist' Blair
