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.

James Mackay said...

Can't come quick enough old holborn.

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