Sunday 11 July 2010

BBC News - Where could spending axe fall?


I might be getting more stupid with older age but one minute I read that the public debt is worse than thought, the next minute is in better shape than thought. The amount keeps changing too, sometimes we are not too bad compared to the rest of Europe other times I read that we are the country with the worst deficit in Europe. I even read once that the public debt was 3 trillions and that we were all doomed. I also read that the money was spent by Labour in unnecessary public projects and then I read than 1 trillion of it was spent to bail out banks. Can someone explain this to me please?

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