The interest the government pays on national debt is a staggering 5.05% a 20 year high. This is more than double that we saw from 1980 to the 2008 financial crash (corporate plundering). The total amount of the UK's national debt is £2.59 trillion, what does this mean to you and I? Well it means that the chancellor will have to take £23 billion of your tax money and pay it to the sharks in the financial Mafia in interest payments. Last year the government paid the financial Mafia a whopping £111 billion in interest, this is more than it spent on education. What do you think is more important, the education of future generations or sharks of the financial Mafia?
Because of this debt and high interest rate, no doubt our "prudent" chancellor will decide to spend less on health, education and public services, so that he can keep happy those sharks of the financial Mafia. What kind of society is it that can see the people of a country produce all the wealth of a country and then syphon it off a massive chunks to their billionaire/millionaire buddies. They label this insanity "the economy", which is just a misnomer for a system of plundering the poor to fatten the rich. There is alternatives, it is possible to build society on mutual aid, co-operation, fairness and justice that sees to the needs of all our people. We have the numbers, the skills, the imagination, all that is lacking is the will and solidarity to take control of our lives. The choice is ours, we can knuckle down and get on with this grinding never ending daily struggle, or we can take control of our communities, our workplaces and create that better world we all hold in our hearts, we owe it to our future generations.
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