Tuesday, 11 May 2010

Why It's Better To Cut Now Rather Than Later

Nulab and Libdem like the idea of a gentle cut in government borrowing as it's fluffier and kinder and will give those nice banker more interest payments for longer. Play around with this tool, originally designed for credit cards*, created by the Daily Telegraph, and see that a short, sharp cut saves money.

*credit cards are an extremely inefficient way to borrow but are widely misused by the same people who vote sinisterly. When they discover they can't afford the repayments, it's not their fault because they couldn't be expected to understand the way credit cards work.


James Higham said...

Yes but can it stop a 1-1400 launching a Glenn to bomb you - that's the main question.

Gallimaufry said...

James, I reckon this refers to a post on your blog - why?