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17 years old, disillusioned with politics, UK

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11/11/2013 4:15:48 PM
Posted: 3 years ago
I've never been particularly interested in politics, I have always been interested in economics however. As a kid I was part of my schools 'investors' club, my economics teacher an ex socialist party member and ex city banker, he headed the club. I began to frequently watch Bloomberg and other business channels, we used to meet weekly and update our team portfolio.

I was persuaded by a friend to get involved in a debating society, I've begun to pay more attention to politics and now philosophy and I'm increasingly shocked by the state of the political establishment. UK government debt now stands at 90% of GDP source

https://www.google.co.uk...

Keynes advocated 60-80%. As a nominal figure this is 1.23 trillion and is increasing rapidly as you read this. I have no aversion to government borrowing, but to this scale?

I ask, who is going to pay back this debt? The answer? My generation. I will be working into my seventies for a poorer pension scheme, due to governments bribing past generations with unsustainable pension schemes and my generation is picking up the bill. The baby boomers have acted disgustingly. Don't the youth of today deserve an apology?
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11/11/2013 4:23:20 PM
Posted: 3 years ago
I would add that I accept that a large proportion of the debt is due to the financial crisis of course, but that doesn't mean the the sustained deficits or should I say bribery of voters before the crash was acceptable.