Old Holborn: the Family Credit Card

Monday, 26 December 2011

the Family Credit Card

This has been doing the rounds for a while, so I thought I'd translate it to UK standards

UK Tax Revenue 2010 £548,000,000,000
Uk State Budget 2010 £660,000,000,000
New Uk State Debt 2010 £112,000,000,000
National Debt including PFI and Pensions liablities 2010 £2,990,000,000,000

Now let's pretend that the UK is a family, living in a rented home. Here's the same figures, reduced to hammer home the point

Family Income 2010 £54,800
Family spending 2010 £66,000
New debt slapped on credit card £11,200
Debt already on family credit card £299,000

Makes you wonder just when the bailiffs will turn up, doesn't it?

2 comments:

EtonMess said...: You have absolutely no idea at all about economics, do you? Shame. Maybe you should enrol for a course somewhere.; 19 January 2012 at 18:54
James Mackay said...: Can't come quick enough old holborn.; 9 April 2012 at 12:47

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Monday, 26 December 2011

the Family Credit Card

2 comments:

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