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?


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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