@NJ_Timothy It must be me but these endless political debates regarding benefits appear deeply pointless. The national debt is 3Tn and it’s going to 3.7Tn by 2031. It’s not all borrowed on benefit payouts but mostly on paying off the interest. Politicians use it to try and win an election
@JujuliaGrace Can you honestly state that an aging population, that’s more ill, fatter, has a poor diet and does less exercise isn’t a victim of its own making? Thats partly how I see it anyway especially post Covid where lots of morbidities were amplified.
@sharrond62 Come off it Sharron - the money system just endless offers bonds and they always invest in it. Unless there an economic miracle the national debt will grow to
Around 3.7Tn by 2031 so there plenty of resources available and whose worrying. Those who don’t know fiat currency
@oscardziki@DoctorVive accelerating from the 0.2C it has been at for a good few decades now. I know a lot of new estimates have put it at 0.26C and higher from 2015 but the time lines are too short for certain as yet.
Climate scientists differ in their opinions and estimates.
@oscardziki@DoctorVive Time line isnt long enough as yet but worrying enough over that 16 years. it been shown to have accelerated since 2015 but that not long enough, even 16 years isnt.
@DanielJHannan Trying to take money out of the economy and leave just enough to keep inflation down much like the BoE doing the same thing with interest rates .
@KEdge23 Yeah taking out of the system via taxation is deliberate as too much was left in during Covid. Fiscal drag, taxes and interest rate rises all prevent spending to cool down inflation and remove money
@sharrond62 Once more it’s all fiscal drag and rising interest rates to quell spending to get inflation down but fiscal drag isn’t ending ing until 2031 and interest rates until 2029.
@Essex_Patriot It’s to get the money from Covid out of the system because it fears it drives inflation. Fiscal drag, higher interest rates etc all to pull out of the system money that’s possibly keeping inflation high. Covid wasn’t free so to speak
@Lindy_Loo15 You can if it’s 50 GW which I think long term is the plan. Batteries improve over time is the thinking I guess. Yeah more nuclear ☢️ is needed too
@SaulStaniforth Funny how interest rates were around 6/7% until the crash in 2008 and had been historically low until covid -14 years and then inflation occurred and rates rose. Low interest rates and money creation caused another big loving house prices. Now it’s super expensive
@LLBiggers In addition fossil fuels were used to pull 800 million ppl out of poverty in China within 40 years and now they have done alternative energies and transport technology that curbs pollution.