Originally Posted by Deathmetalconga
England has been called the "sick man of Europe" because its economy has been in the tank like forever, more than most industrialized nations. I think this is a great thing to discuss.
Well i don't know if you've noticed but we have not had to have a bail-out yet unlike Ireland and Greece, and i don't think we will either. If we do then we know who is to blame anyway. I think a lot of our "deficit" bollocks is just wrong. It's a lot less (In terms of % gdp) than in the 1940s and 50s. Of course the news just concentrates on the fact that it's the biggest amount ever! Yes well, there is a lot more money in the economy now so of course any deficit we have is going to be a lot more in terms of money. That's why we use % gdp in the first place lol.