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Thursday, December 8, 2022

Are we going to live within means or drown in debt? – South London News

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The present situation is self-inflicted and it is a boomerang effect. Paul Samuelson put it in a quite straightforward manner: butter or cannons.

When there is talk about two digit inflation rates, you know what comes next.

Just my electricity bill this month went up by £66. Other utility bills, transport fares, grocery bills will follow, and you will have a much bigger problem to deal with.

Politicians make principled speeches without ever thinking about the consequences of what they are talking about.

They keep talking nonsense and soon strangle themselves and the country in a soundbite chain reaction.

Just a few month ago it was about keeping the NHS alive, about dealing with the pandemic to prevent mass unemployment. When we had just started to recover from the mess created by the pandemic, there is another series of self-inflicted crisis.

Are we going to be able to live within our means or are we going to drown in debt?

There are reports everywhere about British families getting deep into debt, about families not being able to count on their salaries and having to live during much of the month growing debt on credit cards and loans.

Sanctions here, sanctions there, energy prices rising and rising, and I – like the majority of the people living in the UK – am a mere spectator listening, watching and suffering without being able to do much about it.

All I can do is to become angrier by the day and when there are enough angry people you will have another nightmare to deal with.

National Action and all the other creepy crawlies will be nothing compared to the threat that will be coming your way.

The time for British politicians and for those in authority to take stock of what is happening is long overdue.

Karl Hohenstauffen, Lavengro Road, SE27

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