It's a Brave New World
Or is it... My son has just posted a rant on his blog over at The Cynical Scientist . I can't say I disagree with him. Is this country in too much debt? Yes - as a country but also as individuals, too many people have mortgaged themselves to the hilt and have loans for this and that, credit cards maxed out etc. The UKs personal debt is about £1.5 trillion (source BBC news). I can't even thing in numbers that high. So taking the World Bank published population for the UK as 61,414,062 that means we are in debt to the tune of about £25,000 each. Hang on! Each that is every man woman and child in the country. Now think on how many have no debt at all? Suddenly you start to realise the mess we are in - and I'm not talking government debt here - this is the debt people personally have. So we have to stop living the ludicrous way but we have an economy that is pretty much funded by services and the public sector - we make precious little and a lot of our income is thing...