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Re: Really low borrowing costs

By: faul in ALEA | Recommend this post (0)
Sat, 19 May 12 6:20 PM | 52 view(s)
Boardmark this board | The Trust Matrix 		Msg. 07916 of 54959
(This msg. is a reply to 07914 by Cactus Flower)
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Hi Alea......borrowing costs.

That's the same as the guy who thinks he can afford
a house based on interest only repayments.....yes you
can afford the interest repayments.....but you can't
afford to pay back the loan...

That's why all governments roll over their debt & debt
is Never paid off,just the interest............debt incurred
hundreds of years ago..

The system is designed to fleece the people

Doma.


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The above is a reply to the following message:
Really low borrowing costs
By: Cactus Flower in ALEA
Sat, 19 May 12 5:58 PM 		Msg. 07914 of 54959

http://notthetreasuryview.blogspot.co.uk/2012/05/four-charts-and-why-history-will-judge.html

"What does this mean in practice? It means that if the government were, as I suggest, to fund a £30 billion (2% of GDP) investment programme, and fund it by borrowing through issuing long-term index-linked gilts, the cost to taxpayers - the interest on those gilts - would be something like £150 million a year. To put this in perspective, it's roughly the revenue the OBR estimates will be raised by the "loophole-closing VAT measures" in the last Budget. In other words, we could fund a massive job-creating infrastructure programme with the pasty tax."


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