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David Cameron Warns Spending Could Lead To Britain Defaulting On Its Debt
David Cameron today raised the stakes in the pre-election battle over government borrowing when he warned that Gordon Brown's anti-recessionary spending could lead to Britain defaulting on its debt. In remarks seized upon by Labor as evidence of political naivety, the opposition leader branded Labor's plans to more than double the national debt to £1.4tn in the next five years as a "disgrace" that could lead to a boycott of the UK by overseas investors.
Originally posted by skycopilot
Perhaps this is the only 'carrot' the east will follow which TPTB are holding out for them. I hate to think what the stick might be.
Originally posted by Anti-Evil
reply to post by paraphi
So having more debt than total wealth is good? On what planet?
Or perhaps alternative universe?