The Debt problem.

[gordonrussell]

We are told that the 'austerity measures' are necessary because of the amorphous 'Debt' problem so the radical reforms to the Public Sector and Welfare System and the £375 ( known ) billion UK bailout to the banks were responses to solve this Debt problem.......... The Media, financial experts and the politicians are not very forthcoming about the specifics about who or what caused this Debt problem, why it was not spotted and what will solve it.
For all the painful medecine we are continuing to receive, many of us are left in the dark on many questions.
Here is one take many might find unpalatable :

[Brown Sauce]

"The aim of this blog is to focus on key economic issues of the day amid the unfolding disintegration of global capitalism.

Particular emphasis will be given to exposing official misinformation and the ever more perverted analysis of mainstream economists."

Maybe worth keeping an eye on.

[gordonrussell]

Very interesting post Brown Sauce, Thanks.
"Let’s call it failure
John Lanchester looks at the nation’s finances"

can things really get worse?

[gordonrussell]