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The Clubhouse Bar
A Political Thread pt. 2
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<blockquote data-quote="Bada-Bing!" data-source="post: 1025286" data-attributes="member: 70552"><p>This massive debt that's been built up last year and this year is going to take well beyond this Parliament to pay back. the key issue is the interest on this debt and whether it rises in future years. So not a matter of magic money tree per Se; borrowing atm is relatively cheap on the international markets. Just a matter of how much this Government is willing to risk in future interest rates going up and servicing the debt.</p></blockquote><p></p>
[QUOTE="Bada-Bing!, post: 1025286, member: 70552"] This massive debt that‘s been built up last year and this year is going to take well beyond this Parliament to pay back. the key issue is the interest on this debt and whether it rises in future years. So not a matter of magic money tree per Se; borrowing atm is relatively cheap on the international markets. Just a matter of how much this Government is willing to risk in future interest rates going up and servicing the debt. [/QUOTE]
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The Clubhouse Bar
A Political Thread pt. 2
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