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     Alexander D wrote:
    Sorry, folks, but the Public Debt now is so much higher than 20 or 30 years ago, even when taking in inflation.
    The same to be said of collective private debt.
    Unemployment is more than double than in the 70s.
    And North Sea oil and gas is all but used up.

    We've reached the end of a road.
    You need to be pragmatic in analysing a situation, as I am, else you won't know how to solve a problem.

    Comparing our situation today as to that in the days of M. Thatcher's government, Barry, is nothing short of hood-winking.


    Alexander - more people unemployed maybe but there are a lot more people employed as well. Back in the 70's most women did not work but stayed at home to look after the kids.

    Seriously Alexander things change all the time but some things are constant basic truths. Right now the wealth generating part of the economy is carrying an excessive state sector burden brought about by spendthrift government. If we want a more sustainable and prosperous economy then we must massively shrink public spending and then limit public spending to no more than 30% of GDP.

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