The Mudcat Café TM
Thread #120372   Message #2617551
Posted By: jonm
24-Apr-09 - 03:05 AM
Thread Name: BS: 102 Trillion in Debt in the UK
Subject: RE: BS: 102 Trillion in Debt in the UK
So here we are in the middle of a "credit crunch" caused by banks lending money to people who couldn't repay, and the Government's way out is to borrow money they cannot afford to repay!

BTW, loads of people in the media refer to "a" credit crunch, despite the term being recently coined - why not "the" credit crunch?