Sorry to hear about your health problems. No one asked a question about

Comment on General Election 2010 Poll Results by David.

Sorry to hear about your health problems.

No one asked a question about borrowing money to get out of debt! At least not in this thread.

Dr David Dewhurst started this comment thread and his comment was about the economy and how people borrowing money (and people include business not just individuals) drives the economy and right now there’s not enough private sector interest (AKA the banks) in lending lots of money to replace the money put into the economy by the government (the stimulus package) so hundreds of thousands of people haven’t lost their jobs (yet).

You appear to be mixing up personal debt (that should be kept relatively low) with the economy that runs on quite a bit of debt (borrowing to fund business). We are talking about businesses borrowing billions of pounds a year to help business expand and without that investment (as the OP put it “Minimal debt = minimal faith in the future”) the economy becomes stagnant because of a lack of investment, without investment (which is borrowed money basically) the economy becomes stagnant and eventually contracts (recession).

Had the government not borrowed to bail out the banks and to fund public sector services (more than normal), yes we’d have less government debt. but we’d have hundreds of thousands more unemployed not to mention savers like you and me would have lost our money when the banks went under!!!

Would you have rather had the Tory answer to the credit crunch, do sweet FA and leave it to the market to determine what happens?

Tories would have had less debt at this stage, but we might be at well over 3 million unemployed, front line services would be reduced and the banks would still be in crisis! Long term we might have seen 5 million unemployed like we had in the Tory recessions and the economy damaged far worse than the economy is now.

David